Saudi Arabia gets electronic waste recycling facilities
Saudi Arabia is getting electronic waste recycling facilities: Saudi-based recycling company Tadweeer signed a USD 11.36 mn agreement with KSA-based firms Tebrak Trading & Contracting Company and Mounes Mohamed Alshayeb for Civil Construction for the development of e-waste repurposing plants in the Kingdom, Tabreed disclosed in a Tadawul filing last week. The agreement will expire in December 2024.
The details: The electronic waste recycling factories will have a processing capacity totaling 40k tons per year once they become operational in 2Q 2024, the statement notes, and are expected to double Tadweeer’s sales.
E-waste recycling is picking up in MENA: Canadian waste management outfit ERS International is launching Oman’s first e-waste recycling facility in 1Q 2023. The facility — located in the Dhofar province capital Salalah — aims to process at least 500k pounds of discarded electronic devices in its first year of operation.