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- Contract is part of the efforts exerted by MAWANI to promote environmental sustainability and maintain the safety of the marine environment
RIYADH: The Saudi Ports Authority, MAWANI, signed on Sunday a SR30million ($8 million) contract with the Global Environmental Management Services Ltd., or Reviva, to establish a complex for recycling marine and industrial waste at Jeddah Islamic Port.
The president of MAWANI, Omar bin Talal Hariri, and the CEO of of the Saudi Investment Recycling Co., Ziad bin Mohammed Al-Shiha, signed the contract in the presence of a number of other officials.
According to the Saudi Press Agency, the contract is part of the efforts exerted by MAWANI to promote environmental sustainability, maintain the safety of the marine environment, and build a sustainable maritime sector that enhances the Kingdom鈥檚 position as a global logistics center and a hub connecting three continents.
The implementation of the contract comes in line with the National Transport and Logistics Strategy and the Green Port Initiative. The new complex will contribute to enhancing the transformation of waste into valuable resources while building a thriving circular economy in the Kingdom.
According to SPA, these objectives can be met by providing comprehensive waste management and recycling solutions, industrial maintenance and transportation services, and recycling by-products. As such, waste volume is significantly reduced while waste management and environmental conservation improves.
The strategic cooperation scales up the outcomes of efforts exerted to achieve waste management goals in the Kingdom in line with Saudi Vision 2030. It also increases the private sector鈥檚 contribution to supporting economic development and listing Jeddah Islamic Port under the Top 10 ports in the world.
MAWANI is keen to introduce pioneering initiatives directly related to the Saudi Green Initiative which aims to reduce emissions, address climate change, and enhance the partnership between the public and private sectors to expand the related scope of work and thus, improve the commercial attractiveness of the Kingdom鈥檚 ports in the eyes of the whole world.