Company Focused Market Research Report: Saudi Investment Recycling Company (SIRC)

Company Overview

• Name: Saudi Investment Recycling Company (SIRC)

• Mission: To engage society, build local capabilities, and enable the private sector through establishing and developing the waste management sector to lead the circular economy of Saudi Arabia.

• Vision: To be the National Waste Management champion driving the circular economy for a sustainable society.

• Founded: 2017

• Founder: SIRC is a wholly-owned subsidiary of the Public Investment Fund (PIF) of Saudi Arabia.

• Key People:

• H.E. Eng. Khalid Mohammed AlSalem (Chairman)

• Dr. Khaled Saleh AlSultan (Board Member)

• Mr. Omar Mohammed AlHoshan (Board Member)

• Mr. Mohammed Abdulrahman AlBalaihed (Board Member)

• Mr. Ian Price (Board Member)

• Mr. Mohammed Ali Al Saheb (Board Member)

• Eng. Ibrahim Abdulrahman AlShaye (Board Member)

• Mr. Amr Abdulaziz AlJallal (Board Member)

• Mr. Abdullah Ibrahim Abobakr (Board Member)

• Dr. Bob Robinson Maughon (Board Member)

• Headquarters: Riyadh, Saudi Arabia

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: SIRC is known for advancing waste management practices, promoting recycling initiatives, conserving natural resources, and transitioning towards a circular economy in alignment with Saudi Arabia's Vision 2030.

Products

• What products do they offer: While specific products are not mentioned, SIRC focuses on developing and operating innovative recycling projects that increase waste diversion from landfills, boost raw material recovery, and upgrade the waste management sector.

• High level description of the product: SIRC’s main offerings involve recycling initiatives and waste management solutions geared towards sustainability and environmental stewardship.

• Key Features of each of the products:

• Embraces the principles of a circular economy to minimize waste generation and maximize resource efficiency.

• Integrates renewable energy sources like solar and wind power into its operations.

• Ensures the reduction of carbon emissions as part of the Saudi Green Initiative.

Recent Developments

• What are the recent developments in the company:

• SIRC reached the final stages of constructing its first construction and demolition waste recycling facility in Riyadh.

• Engaged in processing 600,000 tons of materials in 2022, demonstrating significant recycling progress.

• New products launched: No specific new products have been detailed.

• New features added to the existing products: No specific details on new features are available.

• Any new partnerships:

• Collaboration between “Akam” of Saudi Arabia and “Alawalya” of Qatar in the recycling sector.

• Subsidiary “REVIVA” signed an agreement for the recycling of damaged tires.

This comprehensive report provides an in-depth understanding of SIRC's foundational goals, strategic direction, and current market position within Saudi Arabia's burgeoning recycling and waste management sector.