Saudi Investment Recycling to start Riyadh factory construction in 2019
PIF-held company will reportedly start work on the construction and demolition waste recycling factory at the end of this year
Saudi Arabia reportedly plans to start building work on its first recycling facility for construction debris in Riyadh by the end of 2019, with the project to be implemented by Saudi Investment Recycling Co – a subsidiary of the Crown Prince HRH Mohammed Bin Salman-chaired Public Investment Fund (PIF) – which plans to turn the waste into building material for road and housing construction projects, including a 35,000-home scheme.
According to Bloomberg, Saudi Investment Recycling Co’s chief executive officer, Jeroen Vincent, said: “The new waste-sorting and recycling facility is only the beginning of a series of similar facilities to be launched within the next three years, with a broader goal of recycling all kinds of waste, such as fertilizers, paper, plastic, and metals.”
The facility will reportedly recycle at least half of the approximately 4.5 million tonnes of construction and demolition waste that is expected to be generated in Riyadh by 2035.
PIF announced plans to establish a waste management entity – then called Saudi Recycling Company – in October 2017, with the aim of developing and operating projects to support landfill diversion rates and boost recycling in Saudi Arabia.
Saudi Arabia's state news agency, SPA, reported that the company’s scope of operations would cover all recyclable materials, "as well as each stage of the value chain".