BEEAH, the Middle East’s leading sustainability and digitalisation pioneer, has signed an agreement with the Saudi Investment Recycling Company (SIRC), a wholly-owned subsidiary of the Saudi Public Investment Fund (PIF), and Al-Maqar Development Company (ALMQR), the investment arm of the Municipality of Madinah, to establish a limited liability company that will offer integrated waste management solutions in the Province of Madinah. The new company will cover the entire waste management value chain, from collection to treatment, recycling, and disposal.
The agreement was signed earlier this week in the city of Yanbu, in the presence of His Royal Highness Prince Faisal bin Salman bin AbdulAziz Al-Saud, Governor of Madinah Province, His Excellency Eng. Abdulrahman bin Abdulmohsen Al-Fadley, Minister of Environment, Water and Agriculture, and His Excellency Eng. Fahad bin Mohammed Albelaihshi, Secretary of Madinah Province. The signatories were Khaled Al Huraimel, Group CEO of BEEAH, Ziyad AlShiha, Group CEO of SIRC, and Majed Alshalhoob, CEO of ALMQR.
Khaled Al Huraimel, Group CEO of BEEAH, said: “We are delighted to partner with SIRC and ALMQR, two institutions that are leading the way in circularity and urban development. BEEAH has extensive experience in waste management in the Holy City of Madinah and in the UAE, where we have achieved several regional firsts. By combining our strengths with SIRC and ALMQR, we aim to set new standards in sustainable waste management, support the development of thriving communities, shape the circular economy, and achieve a zero-waste to landfill future in the Province of Madinah.”
The partnership aims to drive innovation and efficiency across the waste management sector, leveraging best practices and advanced solutions to enhance material recovery and foster the circular economy. The partnership also aligns with the KSA Vision 2030 and the United Nations Sustainable Development Goals, which seek to create a cleaner and greener world.
Ziyad AlShiha, Group CEO of SIRC, said: “Creating local and global partnerships are key to innovation and investing in circular economy solutions. The Holy City of Madinah is an important area for the Kingdom and SIRC, as we work to drive the circular economy. Through this partnership with ALMQR and BEEAH, we look forward to implementing advanced solutions and leveraging recycling best practices to unlock value across the waste management chain in Madinah.”
In 2020, BEEAH partnered with the Municipality of Madinah to oversee waste management in the North, West, and East regions of the Holy City. BEEAH has already implemented a range of solutions, including waste collection, transportation, sterilisation, and disinfection of waste containers. These operations are supported by a large workforce of skilled professionals and state-of-the-art equipment, such as waste collection trucks and street sweepers.