Skip to main content

Saudi Arabia missing out on recycling ‘win-win’

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

Would you like to share any interesting developments or article ideas with us? Don't hesitate to contact us.

You might find this interesting too

‘We’ve seen the inflow of copper cables explode’
EU cracks down on Cypriot waste inaction

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe