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(SIRC) Recycles Over 16 Million Tons of Construction and Demolition Materials.

Saudi Investment Recycling Company (SIRC), fully owned by the Investment Fund, has revealed that it recycled 16 million tons of construction and demolition materials during the past year of 2022. This was accomplished through its investment arm, AKAM Company for Materials Recycling, specializing in waste management solutions for construction and demolition materials.

Abdulrahman Al-Manna, CEO of AKAM, explained that the company processed over two million tons of construction and demolition materials and reintroduced them to the local market. He emphasized that AKAM has achieved record-breaking figures.

He said, “AKAM” has launched the Green Cement Block Industry Initiative, which involves recycling ready-mix concrete waste and utilizing it in cement block factories to achieve the concept of a circular economy and reduce indiscriminate disposal of concrete. He pointed out that a capital budget of 160 million riyals has been allocated to expand operational processes, improve efficiency, and lead the sector.

Meanwhile, SIRC emphasized that it is committed, along with its subsidiaries, to achieving its goals through a solid and clear strategy for developing the waste management sector in general, and demolition and construction materials in particular, in cooperation with relevant ministries, sectors, and the National Waste Management Center, in order to achieve the goal of landfill diversion and meet the targets of Saudi Vision 2030.

More News

23 August, 2023

“Akam” Saudi Arabia and “Alawalya” Qatar collaborate in the recycling sector.

Akam, a wholly-owned subsidiary of the Saudi Investment Company for Recycling “SIRC Group," represented by its CEO, Engineer Abdulrahman bin Ibrahim Al-Manea, has signed a memorandum of cooperation with Alawalya Qatar for Primary Materials, represented by its CEO, Abdulaziz bin Ibrahim Al-Tamimi, at Sark Group's headquarters in Riyadh.

23 August, 2023

“REVIVA”, a subsidiary of the (SIRC) group, signs an agreement for the recycling of damaged tires.

ReViva, a global environmental services company and a wholly-owned subsidiary of the Public Investment Fund's recycling group, the (SIRC), has signed a joint cooperation agreement with ENRESTEC.

23 August, 2023

SIRC has reached the final stages of constructing the first construction and demolition waste recycling facility in Riyadh

The Saudi Investment Recycling Company (SIRC), a subsidiary of the Public Investment Fund, announced today that it has reached the final stages of constructing the first construction.

23 August, 2023

(SIRC) Recycling Group Processes 600,000 Tons in 2022

The fully-owned Saudi Investment Company Recycling Group, known as (SIRC), has announced that it processed 600,000 tons of industrial waste in 2022. This was accomplished through its subsidiary, “REVIVA”.

The Saudi Investment Recycling Company (SIRC) is a wholly owned subsidiary of the Public Investment Fund (PIF) of Saudi Arabia.
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