EQS-News

Saudi Arabia's path to Circular Economy: National Center for waste management presents it's investment opportunities for the first time at IFAT 2024 in Munich - Seite 2

Return on Investment and Environmental Conservation: Vast and diverse bundles of Investment Opportunities

"By embracing the fundamentals of sustainable and circular waste management principles, Saudi Arabia is actively diversifying its economy and prioritizing resource conservation and environmental protection. Furthermore, and as part of its strategic commitment to tackle climate change, The Kingdom aims to become a global hub for clean renewable energy on its way to achieving net-zero carbon emissions by 2060," says Sultan AlHarthi. By showcasing the Strategic Master Plan for the Kingdom and its output consisting of hundreds of lucrative investment opportunities at IFAT 2024, the country aims to attract investors and potential partners. Experts, technology providers and investors can interactively learn about the transformation and explore investment opportunities in five selected pilot projects. Opportunities span over a wide range of projects including composting plants for organic waste and waste-to-energy facilities, in addition to logistical infrastructure as well as advanced recycling and recovery technologies.

Ambitious goals: 79 percent of waste to be recycled by 2040

Saudi Arabia is heavily investing in segregation at source and the full value chain of recovery and recycling facilities, paving the way for transformation. Saudi Arabia plans to adopt advanced technologies and artificial intelligence applications to support its sorting and recycling efforts.

A key driver for these investments is Saudi Arabia’s aim to achieve a recycling target of 79 percent and divert 90% of its waste by 2040. Until then, Waste to Energy will comprise around 25 percent of the treatment/recovery technology mix.

Data driven Strategic Planning 

A key mandate of the National Center for Waste Management is to establish a National Database for the waste sector that will help inform and guide strategic planning and identify trends in generation patterns and other waste metrics. The new database will also help planners anticipate bottlenecks and regularly measure progress towards achieving strategic targets.