Oman’s be’ah plans first-ever Waste Trading Platform

Oman’s be’ah plans first-ever Waste Trading Platform

be’ah, the state-owned entity responsible for managing solid waste services in the Sultanate of Oman, says it is developing a first-of-its-kind platform to facilitate auctions and trades in recyclable wastes – a move designed to further bolster the growth of a circular economy in the country.

be’ah – part of Oman Investment Authority - said the initiative will help optimise the retention of waste in-country and spur investments in recycling and value-adding ventures across multiple waste streams.

The proposed trading platform, said be’ah, “will enable all stakeholders to have full overview of available recyclable wastes, quantities, generators and quality of waste, and so on”.

“A smart Digital System is planned for development in the coming year to support this initiative and create value for the recycling industry in Oman. The trading platform will display live waste prices based on the local pricing index (which be’ah is also developing) prompting transparency in the process,” said be’ah, adding that a proposal to this effect has already been shared with the relevant stakeholder agencies of the government.

In recent years, be’ah has been working with the Ministry of Commerce, Industry and Investment Promotion (MoCIIP), among other governmental departments, to showcase the recyclable waste sector as a lucrative