National Water Company "NWC" and Saudi Investment Recycling Company (SIRC) signed a memorandum of understanding "MOU" to study and evaluate the investment opportunities in the sludge resulting from sewage treatment plants' "STPs" operations. This is aimed at raising local content and producing outputs of non-oil economic value in the circular economy aimed at environmental protection and public health.
The signing ceremony, which took place on Tuesday (October 12th), was attended by His Excellency the Minister of Environment, Water and Agriculture "MEWA", Eng. Abdul Rahman bin Abdul Mohsen Al-Fadhli, Chairman of the Board of Directors of the two companies. The memorandum of understanding was signed by both Engineer Mohammed bin Ahmed Al-Mowkely, CEO of the National Water Company, and Engineer Ziyad bin Mohammed Al-Shiha, CEO of the Saudi Investment Recycling Company, in the presence of a number of ministry officials and representatives from both parties.
The memorandum of understanding aims to examine investment opportunities to make the most of the sludge product to achieve a sustainable environment, share knowledge and experience with both parties in areas of cooperation, and benefit from their management, investment and technical expertise.
Following the signing of the 24-month memorandum of understanding, the two parties emphasized that the private sector in the Kingdom has outstanding national enterprises that can be used to develop the environmental sector. The MOU will open up broad research horizons, stressing that they are seeking through this understanding the necessary permits from the relevant authorities to carry out the work involved.
The two sides stated that the memorandum of understanding includes working on a feasibility study to analyze all the elements necessary for successful investment in this domain. It also covered the exchange of all necessary studies, data, and information in the field of sludge uses and investment. The MOU included providing technical assistance through human expertise to participate in the preparation of surveys, and holding workshops to develop plans and timetables for investment in this new area in accordance with the approved applicable laws and regulations.