Arab Press

بالشعب و للشعب
Saturday, Feb 22, 2025

Recycling by 2035 will contribute to an annual income of SR120 billion

Recycling by 2035 will contribute to an annual income of SR120 billion

The Deputy Minister of Environment, Water and Agriculture Eng. Mansour Bin Hilal Al-Mushaiti said that the estimates of the National Center for Waste Management (MWAN) indicate that in 2035 recycling will contribute to an income of about SR120 billion annually.
Eng. Al-Mushaiti made these remarks during his speech at a symposium entitled (Circular Economy) organized by the Riyadh Economic Forum. He added, according to a study by the World Bank the annual environmental burden on the economy has cost about SR86 billion annually.

Among the costs of the annual environmental burden on the economy, Eng. Al-Mushaiti said that 8 billion of them are the result of mismanagement of waste, which does not currently exceed 5%.

He also stressed that the circular economy is considered as one of the priorities of the environment system to achieve sustainable economic growth, in addition to preserving the environment and reducing pollution in accordance with the Vision 2030’s objectives.

"Maximizing the benefit of resources by reducing consumption, avoiding waste, reusing or recycling waste, will contribute to transforming waste into a useful wealth instead of being an economic, environmental and health burden," Eng. Al-Mushaiti noted.

Since the establishment of the Ministry of Environment, Water and Agriculture (MEWA) in 2016, it has begun its journey to achieve sustainability with a vision that seeks to preserve the resources and sustain the environment and achieve water and food security and quality of life.

Eng. Al-Mushaiti said that Saudi Arabia has worked hard to achieve more environmental development, and among the examples that prove this, is the Crown Prince’s announcement to plant 10 billion trees in the coming decades.

This is in addition to protecting vegetation cover by 30% and achieving zero carbon neutrality in 2060, as well as recycling 94% of waste in 2035 instead of wasting it in landfills.

As for management of the water system, he said that it adopts an integrated management approach that begins with harvesting rain and preserving non-renewable groundwater in addition to producing with high efficiency from desalination.

While in the agricultural sector, Eng. Al-Mushaiti confirmed that poultry production jumped to more than 70%, in addition to achieving sufficiency in local products such as dairy and eggs and sufficiency in vegetables by more than 85%.

Eng. Al-Mushaiti indicated that the agricultural sector's consumption of water has decreased by 10 billion cubic meters annually.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
The negotiation teams of Trump and Putin meet directly, establishing the groundwork for a significant advance.
Israeli Minister Urges Hamas to Surrender and Depart from Gaza.
Iran Considers Moving Its Capital Due to Urban Difficulties
Israel and Hamas Finalize Sixth Exchange of Hostages and Prisoners During Continuing Gaza Ceasefire
Leaders of BRICS to Gather in Rio de Janeiro for July Summit
Muhsin Hendricks, a trailblazing openly gay imam, was killed in South Africa.
Trump's special envoy for hostage affairs cautions Hamas against challenging Trump before Saturday's deadline.
Two British citizens apprehended in Iran amid escalating tensions.
Israel Issues Threat of Military Action as Hostage Negotiations with Hamas Continue
Hamas Coordinates Worldwide Solidarity Marches in Reaction to U.S. and Israeli Initiative
Israel Warns of Ending Gaza Ceasefire Due to Hostage Situation
King Abdullah II Dismisses US Proposal to Relocate Palestinians, Commits to Welcoming Gaza Children.
Lebanon Installs New Government with Hezbollah's Impact on Key Ministries
Report: Iran Attempted to Assassinate Trump During Election Campaign
U.S. Authorizes $7.4 Billion Arms Sale to Israel
Iran's Supreme Leader Rejects Nuclear Negotiations with the U.S.
UN Chief Denounces Trump's Gaza Plan, Cautions Against Ethnic Cleansing
Pressure Intensifies for a Free Trade Agreement between the UK and GCC in Light of Economic Difficulties
Israel to Withdraw from UN Human Rights Council Due to Accusations of Anti-Semitism
EU Reaffirms Gaza's Essential Role in Future Palestinian State Following Trump's Proposal
Iranian Currency Reaches All-Time Low Amid US 'Maximum Pressure' Initiative.
UN Reaffirms Ban on Deportation from Occupied Territories Amid US Gaza Proposal
Palestinians Fear Repeat of 'Nakba' Amid Ongoing Crisis in Gaza
UAE Aids in the Exchange of 300 Prisoners Between Russia and Ukraine
Egypt Seeks Global Backing for Two-State Solution Following US Proposal for Gaza Plan
Trump's Suggestion to 'Seize Control' of Gaza Represents a Significant Shift in US Policy
French President is the first EU leader to extend congratulations to the new Syrian President.
Tunisian President Appoints New Finance Minister Amid Economic Crisis
Trump Suggests U.S. 'Takeover' of Gaza, Prompting Global Worries
Trump's Proposal for Gaza Provokes Global Debate
President Trump Suggests Moving Gaza's Palestinian Population
Aga Khan IV, Spiritual Leader and Philanthropist, Dies at 88
Erdogan and Syria's Sharaa Talk About Collaboration to Counter Kurdish Militants
Trump Suggests U.S. Control of Gaza Strip Amid Ongoing Conflict
Trump Resumes 'Maximum Pressure' Strategy to Limit Iran's Oil Exports.
Ex-British Soldier Sentenced for Espionage on Behalf of Iran and Fleeing from Prison
Gazans in Egypt Reject Displacement, Struggle with Return to War-Torn Home
Queen Rania Urges Protection of Children’s Rights at Vatican Summit
Hamas Officials Ready to Begin Negotiations for Phase Two of Gaza Truce
Trump Expresses Caution Over Gaza Ceasefire as Netanyahu Visits Washington
Oman to Host 18th Indian Ocean Conference on Maritime Security and Trade
Emir of Kuwait Meets BlackRock CEO for Talks on Investment Opportunities
Queen Rania of Jordan Calls for Global Action on Children’s Rights at Vatican Summit
Egyptian President El-Sisi Invited for White House Meeting Following Jordanian King’s Visit
Queen Rania Calls for Protection of Children’s Rights at Vatican Summit
Israeli Military Operations Continue on Lebanon Border Amid Ceasefire Tensions
Israeli Hostage's Release Highlights Uncertainty Over Family's Fate
Israeli Military Operations Escalate in Southern Lebanon Amid Hezbollah Tensions
Zayed Award for Human Fraternity Announces 2025 Honorees
Kuwait Anticipates a 12% Increase in Budget Deficit for the 2025-2026 Fiscal Year
×