Northern-Ireland company Kiverco has been chosen to design, build and install a waste recycling plant that will help recycle all construction waste from the The Red Sea Project in the Kingdom of Saudi Arabia.
This is another significant contract for the company in the Middle East following the securing of business in the UAE for a multi-million pound waste recycling plant to process and recover waste materials from the upcoming Expo in Dubai in 2021.
Kiverco was chosen by Averda, the leading waste management business in the emerging world, for this project based largely on the Company’s reputation for quality, robustness and overall performance in processing C&D waste.
The Red Sea Project is the world’s most ambitious regenerative tourism initiative which is being developed on the Kingdom’s Red Sea coast by The Red Sea Development Company (TRSDC). The project is one of several large-scale investment giga-projects approved and overseen by Saudi’s Crown Prince Mohammad Bin Salman as part of his ambitious Vision 2030 which among its many goals, aims to increase tourism in Saudi Arabia and reduce the Kingdom’s dependence on oil.
The Red Sea Project has already passed significant milestones and work is on track to welcome the first guests by the end of 2022, when the international airport and the first four hotels will open. The remaining 12 hotels scheduled for completion in Phase One will open in 2023, delivering a total of 3,000 rooms across five islands and two inland resorts.
The British Embassy in Saudi Arabia, Director of Trade and Investment Chad Woodward explained that Kiverco has started to expand in this region and he was confident that they will continue to win new business as a result of this flagship project.”
The Red Sea Project will employ some 35,000 people directly and provide another 35,000 indirect and induced roles. The destination will welcome a maximum of 1 million visitors each year by 2030, generating an estimated SAR22 billion ($US 5.9 billion) in income for Saudi Arabia.
Environmental and economic benefits
As well as the huge economic benefits to Saudi Arabia, The Red Sea Project will also deliver on the Kingdom’s environmental targets. The project has committed to go beyond traditional commitments to sustainability and instead are following a regenerative approach to tourism for the development, including during its construction phase. Upon completion, the project pledges include ‘no waste to landfill’, ‘no use of single-use plastics’ and ‘100% carbon neutrality’.
While incorporating world-class partner component technologies, some 85 per cent of the Averda plant was manufactured at Kiverco’s head-quarters and factory in County Tyrone, Northern Ireland.
Averda technical director Mazen Rifai highlighted the importance of choosing the right partner to process waste generated from the construction effort,“This is a hugely important project for Averda and for Saudi Arabia. It was critical for us to choose the right partner to provide a waste recycling plant as we must meet stringent targets on throughput and recovery rates.”