DGDA and SIRC sign waste management agreement
Agreement will cover the handling and processing of all waste within the DGDA jurisdiction, as well as future cooperation between the two companies
The Diriyah Gate Development Authority (DGDA) has signed an agreement with the Saudi Investment Recycling Company for the handling and processing of all waste within its jurisdiction. The agreement also covers future cooperation between DGDA and SIRC on research, investment opportunities, deployment of solutions, operations and management.
As per the terms of the deal, the two companies will collaborate on citywide waste management solutions and adhere to world-class practices for handling, recycling and disposing of all kinds of waste. This will be done by using cutting-edge, efficient technologies, cooperating on technical and investigative studies, and knowledge and skill-sharing workshops, the statement explained.
In April 2022, DGDA said it had awarded Egis a contract for project management services for a part of its retail and heritage masterplan.
The move reflects DGDA’s commitment to achieving environmental sustainability, maximising ROIs in waste management, and taking all the necessary measures to ensure quality-of-life standards set in Saudi Vision 2030 and meet the satisfaction of Diriyah’s community, said its CEO Jerry Inzerillo after signing the deal with Saudi Investment Recycling Company CEO Engineer Ziyad bin Mohammed Al Shiha. He pointed out that this was vital given the city’s importance as the cradle of the First Saudi State and the Arab Capital of Culture for 2030.
Al Shiha added that the deal sets a framework for collaboration and sharing administrative functions, investment opportunities, and technical expertise between both parties. The agreement would help explore ways to diversify sources of revenue in the recycling sector, he concluded.
In June, Diriyah Gate and Saudi’s OSP inked a MoU to use sustainable polymer construction materials, it then also signed an agreement with Al Rajhi Bank to provide financing options to customers.