- As part of an ambitious agreement, Veolia and Saudi Investment Recycling Company (SIRC), owned by the Public Investment Fund of Saudi Arabia, partner to manage organic, industrial and hazardous waste at regional and national levels in accordance with the Vision 2030 Program launched by His Highness Crown Prince Mohamed bin Salman.
- Through this memorandum of understanding, the two actors intend to combine their resources and skills to preserve the resource, decontaminate and decarbonize the country through the production of green energy, in line with the GreenUp 24-27 strategic plan promoted by Veolia, and of the that the Middle East is one of the geographic drivers.
- Present for more than 35 years and firmly established in Saudi Arabia, Veolia is thus intensifying its activity and its local presence in the strategic sector of waste treatment.
PARIS–(BUSINESS WIRE)–Regulatory news:
On the occasion of the state visit of the President of the French Republic, Emmanuel Macron, to Saudi Arabia, Veolia (Paris:VIE) announces the signing of a memorandum of understanding with the Saudi Investment Recycling Company (SIRC) in the waste sector , one of its three historic businesses.
Already firmly established in the Middle East, Veolia plans, between now and 2030, to accelerate its turnover by + 50% to leverage its cutting-edge technologies and expertise alongside its industrial and municipal clients. The Group has chosen to make the region one of its geographical drivers of the GreenUp 24-27 strategic plan and to this end it has a large number of structuring projects in the water, energy and waste sectors.
In 2023, Veolia recorded a Consolidated turnover of 280 million euros. and had 2,500 employees in Saudi Arabia for a total of 1.1 billion euros in the Middle East, with strong growth. More specifically, in the waste sector: the Group processed 4.1 million tons of industrial waste nationally and had a Hazardous waste treatment capacity of more than 350 KT (NYSE:) through the activity of emblematic plants.
The signing of this large-scale partnership with Saudi Investment Recycling Company, a leading player committed to the circular economy, aims to increase existing capacities to create, by 2027, a true national and regional champion in the treatment of organic waste , industrial. and hazardous waste in Saudi Arabia.
With its strong international presence and combined experience in the fields of water, waste and local decarbonizing energy production, Veolia will be able to rely on its know-how to offer Saudi Investment Recycling Company (SIRC) a customized collaboration model, based in innovation. and efficiency to support the ambitions of the Vision 2030 programme, launched in 2016.
“Faced with the consequences of climate change, which are particularly tangible in the Middle East and Saudi Arabia, there is a lot at stake to preserve resources, regenerate them and pool knowledge and tools. We are very proud to participate today, together with Saudi Investment Recycling Company, in this ambitious project of ecological transformation of the Kingdom (TADAWUL 🙂 and more widely in the region. “The future is being built now and the waste sector is a key lever of action to meet the challenge of ecological transformation,” declares Estelle Brachlianoff, CEO of Veolia.
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ABOUT VEOLIA
Veolia’s ambition is to become the reference company in ecological transformation. Present on five continents with nearly 218,000 employees, the Group designs and implements useful and concrete solutions for water, waste and energy management that help to radically change the rules of the game. Through its three complementary activities, Veolia contributes to developing access to resources, preserving available resources and renewing them. In 2023, the Veolia group supplied 113 million people with drinking water and 103 million wastewater services, produced 42 terawatt-hours of energy and recovered 63 million tons of waste. Veolia Environnement (OTC:) (Paris euronext (EPA:): VIE) generated consolidated sales of 45.3 billion euros in 2023. www.veolia.com
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VEOLIA
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Source: Veolia