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“Akam” Saudi Arabia and “Alawalya” Qatar collaborate in the recycling sector.

Akam, a wholly-owned subsidiary of the Saudi Investment Company for Recycling “SIRC Group”, represented by its CEO, Engineer Abdulrahman bin Ibrahim Al-Manea, has signed a memorandum of cooperation with Alawalya Qatar for Primary Materials, represented by its CEO, Abdulaziz bin Ibrahim Al-Tamimi, at Sark Group's headquarters in Riyadh.

The memorandum aims to review the technical details of sorting lines for demolition and construction waste and share previously tendered contracts between the parties. It also involves a thorough review of soil waste and powder resulting from the recycling process, and finding a technical solution for their reuse in fertilization and road paving operations. In addition, it includes sharing technical studies and Qatari specifications for recycled materials in the field of demolition and construction waste, and exploring opportunities for joint cooperation in various waste sectors, such as metal waste, tire waste, and others.

Through this memorandum and other memoranda, “Akam” Company seeks to activate the circular economy initiative to achieve the targets of Vision 2030, according to the Saudi Press Agency “SPA”.

More News

23 August 2023

(SIRC) Recycling Group Processes 600,000 Tons in 2022.

The fully-owned Saudi Investment Company Recycling Group, known as (SIRC), has announced that it processed 600,000 tons of industrial waste in 2022. This was accomplished through its subsidiary, “REVIVA”, a global environmental management services company (formerly known as GEMS) specializing in integrated waste management so...

23 August 2023

SIRC has reached the final stages of constructing the first construction and demolition waste recycling facility in Riyadh

The Saudi Investment Recycling Company (SIRC), a subsidiary of the Public Investment Fund, announced today that it has reached the final stages of constructing the first construction and demolition waste recycling facility in Riyadh. The facility is scheduled to begin operations by the end of next July, followed by a series o...

23 August 2023

(SIRC) Recycles Over 16 Million Tons of Construction and Demolition Materials.

Saudi Investment Recycling Company (SIRC), fully owned by the Investment Fund, has revealed that it recycled 16 million tons of construction and demolition materials during the past year of 2022. This was accomplished through its investment arm, AKAM Company for Materials Recycling, specializing in waste management solutions...

23 August 2023

“REVIVA”, a subsidiary of the (SIRC) group, signs an agreement for the recycling of damaged tires..

ReViva, a global environmental services company and a wholly-owned subsidiary of the Public Investment Fund's recycling group, the (SIRC), has signed a joint cooperation agreement with ENRESTEC, a specialized tire recycling company, and Saudi holding company “Hama”. The agreement aims to recycle damaged and worn-out tires, re...

The Saudi Investment Recycling Company (SIRC) is a wholly owned subsidiary of the Public Investment Fund (PIF) of Saudi Arabia.
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