Saudi waste recycling needs capital investments worth $26.6bln

Saudi Arabia's waste recycling sector needs capital investments worth about SR100 billion ($26.6 billion), according to Ziad Shiha, CEO of the Saudi Investment Recycling Company (SIRC).
Speaking at a virtual meeting organized by the Federation of Saudi Chambers on Monday, Shiha said: “I invite business owners to invest in the waste recycling sector, which provides more than 77,000 jobs and raises the domestic product to more than SR120 billion."

SIRC, which is affiliated with the Kingdom's Public Investment Fund, seeks to work with the private sector to shift 94 percent of waste away from landfills, he said.