The Saudi Investment Recycling Company (SIRC) is a Saudi company wholly owned by the Public Investment Fund. It works to develop and operate various activities in the field of recycling and create opportunities in the private sector, thereby achieving the goals of Saudi Vision 2030.
Establishment
It was established in 2017 with the aim of developing various activities to manage different types of waste and funding those activities to build recycling capabilities, create a circular economy, and develop innovative solutions to maintain the quality of life in the Kingdom. Its headquarters are located in the capital, Riyadh.
Mandate
The Saudi Investment Recycling Company provides sustainable solutions for the conversion of various resources resulting from landfills through a developed integrated group for waste management supported by a source separation system owned and operated by the company.
The company provides solutions for solid waste treatment, extraction of recyclable materials, utilization of waste organic materials in composting processes, and conversion of non-recyclable materials into an energy source. By recycling 81 percent of the waste and converting the remaining 19 percent into energy, 100 percent of the waste is expected to be diverted from landfills by 2035.
Services
The company provides systems for treating demolition and construction waste and reusing it in new construction projects. In cooperation with the Riyadh Province Municipality and the National Center for Waste Management, it established the first demolition waste recycling facility in Riyadh in July 2020, with a capacity of six hundred t per hour and a recycling rate of up to 90 percent. The company is expected to treat about 35 million t of waste by 2030.
The company also provides engineering, procurement, and construction management services focused on recycling facilities and technologies. It undertakes the design, construction, and implementation of all its projects and works to digitize its operations, such as waste monitoring and tracking systems. Additionally, it supports the discovery and implementation of innovations by investing in applied research and development to transfer proven technologies to the Kingdom and establish them locally.
The company has a comprehensive platform for treating, storing, transporting, and safely disposing of hazardous industrial waste through Global Environmental Management Services Company Limited (GEMS), the industrial sector of SIRC. The company treats about four hundred t of industrial waste annually, and its services cover more than sixty-five cities in the Kingdom. The company's waste treatment centers are distributed throughout the Kingdom, and it aims to divert 85 percent of industrial waste from landfills by 2035.
Saudi Investment Recycling Company work
The company addresses the challenges associated with waste in the healthcare sector by designing and operating modern incineration facilities to safely treat hazardous materials. They use the latest methods to preserve the environment in accordance with local and international standards.
The company invests in treating materials that cause pollution and require special disposal methods, due to their biological and chemical properties, such as tires and electronics, while converting them into raw materials for other industries.
According to the 2020 ForbesME classifications, the Saudi Investment Recycling Company came first on the list of the most sustainable companies in the Middle East.
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