Saudi Arabia to Produce 100 Mln Tons of Waste by 2035

Investment opportunities to be offered by the Saudi waste management sector over coming years. (Asharq Al-Awsat)
Investment opportunities to be offered by the Saudi waste management sector over coming years. (Asharq Al-Awsat)
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Saudi Arabia to Produce 100 Mln Tons of Waste by 2035

Investment opportunities to be offered by the Saudi waste management sector over coming years. (Asharq Al-Awsat)
Investment opportunities to be offered by the Saudi waste management sector over coming years. (Asharq Al-Awsat)

A Saudi research paper has predicted that around 106 million tons of waste will be produced by the Kingdom by 2035. A labor force of 77,000 workers and around 1,329 facilities and landfills are needed to manage the waste.

The findings of the study were reviewed by CEO of the Saudi Waste Management Center Dr. Abdullah Al Sebaei during a meeting organized by Asharqia Chamber on Monday.

Sebaei noted that the waste management sector in Saudi Arabia continues to offer attractive investment opportunities.

The greatest challenge facing it is found in the production and storage branches of the sector, he added.

More so, the study goes over the six main stages of developing the Kingdom’s waste management sector.

According to researchers, the current stage involves analysis on multiple levels, followed by drafting a regulatory system and attracting investors.

“There is a lack of control and supervision in the various stages of the value chain, a lack of general environmental awareness at the level of individuals and waste producers, and a lack in human qualifications and experiences in the workforce in the sector,” said Sebaei, stressing that the recycling sector is unorganized.

Furthermore, he remarked that the participation of the private sector remains limited.

Farah al-Gharib, a member of Asharqia Chamber’s environmental committee, told Asharq Al-Awsat that real awareness must be raised among investors around the material and developmental benefits of investing in the waste management sector.

Saudi Arabia has carried out a number of structural economic reforms and launched a group of emerging sectors that included waste management which aims at achieving integrated economic and environmental sustainability.

The waste management sector is being developed through increasing its efficiency, establishing comprehensive projects for recycling and reducing all types of pollution.



Saudi Market Authority: Kingdom Unaffected by Global Technical Disruptions

Two investors monitor stock prices on the Saudi Tadawul screen (Reuters)
Two investors monitor stock prices on the Saudi Tadawul screen (Reuters)
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Saudi Market Authority: Kingdom Unaffected by Global Technical Disruptions

Two investors monitor stock prices on the Saudi Tadawul screen (Reuters)
Two investors monitor stock prices on the Saudi Tadawul screen (Reuters)

The Saudi Capital Market Authority (CMA) has assured the integrity and full operational readiness of its systems following global technical disruptions affecting various sectors.
The CMA confirmed that it has been coordinating with relevant authorities from the outset to ensure uninterrupted service for all investors during Sunday’s trading sessions.
In a statement released on Saturday, the CMA emphasized that listed companies in the financial market have been instructed to disclose any significant developments related to the issue.
The Saudi Stock Exchange, Tadawul, also confirmed the reliability and readiness of its systems to ensure uninterrupted service for all investors.
The CMA highlighted that technical teams are monitoring the systems round-the-clock to ensure the continuous functioning of services and the technical infrastructure, ensuring business continuity and system efficiency in the market.
Limited Impact
Since the onset of the global technical crisis, the Saudi National Cybersecurity Authority (NCA) reported that the impact on the Kingdom has been limited.
In a statement, the NCA referenced media reports of widespread technical failures in critical sectors worldwide and clarified that the impact on national entities in Saudi Arabia has been minimal, based on current assessments.
The NCA attributed these global disruptions to a technical error in a product update released by cybersecurity firm CrowdStrike early Friday morning.
Cyber Incidents
The NCA credited the robust support and significant backing from Saudi leadership for the cybersecurity sector, enabling proactive measures to detect and address cyber threats and risks.
The NCA has also been committed to fostering local cybersecurity capabilities and enhancing technological sovereignty.
The NCA affirmed that its cybersecurity regulations and standards have bolstered the security and reliability of the Kingdom’s cyberspace, positively impacting the protection of national entities and critical infrastructure.
The authority continues to oversee compliance with these regulations through its National Cybersecurity Services Portal (Haseen), working in partnership with all national entities to enhance national cybersecurity.
This initiative is fundamental to safeguarding the Kingdom’s vital interests, critical infrastructure, government services, and key sectors in both the public and private domains.