Saudi Arabia – The Saudi Arabian government needs to establish partnerships with global companies so as to recycle its waste and thereby boost state revenues, it has been claimed by economist Fadl Al-Bu’ainain.
The kingdom loses an estimated 40 billion Saudi Arabian Riyal (US$ 10.6 billion) through the dumping of millions of tons of waste, Al-Bu’ainain points out, citing several recent studies. ‘The municipalities in various parts of Saudi Arabia say that they are recycling the waste, but this is totally untrue; this is just talk,’ he insists.
He proposes that the state should follow the example of its neighbours. ‘Countries such as Bahrain have awarded a garbage collecting contract to an international company, and made profits that were pumped into the national economy,’ the economist says.
‘Hefty margin’
If anything, it is a ‘win-win arrangement’, according to Al-Bu’ainain. ‘The company does the garbage collection work, and also makes money out of the recycling work. This helps it pay the fees required by the Bahraini government and makes a hefty margin through recycling.’
Source: ArabNews.com
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