Veolia has signed a memorandum of understanding (MoU) with the Saudi Investment Recycling Company (SIRC) to create a regional champion in waste treatment.
The announcement coincided with French President Emmanuel Macron’s state visit to Saudi Arabia.
The partnership aims to strengthen waste management infrastructure in Saudi Arabia, targeting organic, industrial, and hazardous waste treatment as part of the Kingdom’s Vision 2030 initiative.
By 2027, the collaboration is expected to establish a leading entity in the Middle East’s circular economy, reinforcing Saudi Arabia’s sustainability ambitions.
Veolia, which generated €1.1 billion ($1.15 billion) in revenue from its Middle East operations in 2023, has identified the region as a key driver of growth under its GreenUp 24-27 strategy.
SIRC, a leading player in recycling and waste management, will work with Veolia to expand capacity and leverage innovative solutions to address climate challenges.
“Waste management is a crucial lever for ecological transformation, and this partnership underscores our commitment to preserving resources and advancing sustainability,” said Veolia CEO Estelle Brachlianoff.
The collaboration aligns with broader efforts to mitigate climate change impacts in the Middle East, a region where environmental stakes are especially high.
