Saudi Ministry inks deal to boost investment in waste management

Saudi Ministry inks deal to boost investment in waste management

Saudi Arabia's Ministry of Investment has inked a cooperation agreement with the kingdom's National Centre for Waste Management to boost investment prospects in the waste management sector.The agreement was signed in the presence of the Minister of Investment, HE Eng Khalid bin Abdulaziz Al-Falih, and the Minister of Environment, Water, and Agriculture, Eng Abdul Rahman bin Abdul Mohsen Al-Fadhli.Preliminary estimates indicate that more than 53 million tonnes of waste are produced in the kingdom annually, including municipal solid waste, demolition, and construction waste, medical and industrial waste, and others, which reveals the size of the large investment opportunities that this sector promises.In addition, the large population growth rates in the kingdom; the industrial and urban boom in all cities and regions; and