Investing in the paper recycling plantproject in Saudi Arabia represents an investment opportunity during 2022, especially in light of the Kingdom of Saudi Arabia’s 2030 vision to advance the national economy, strengthen the components of the non-oil economy, and seek to occupy a distinguished position among global economies.
What is a paper recycling plant?
Paper recycling plantoperations involve collecting waste paper, recycling it, and recycling it again, so that it can be used for multiple purposes. This process protects the environment by reducing the volume of waste paper, conserving tree pulp and water, and reducing the emission of greenhouse gases such as methane and carbon dioxide.
In 2021, it was estimated that the the global paper recycling market The market is expected to grow at a CAGR of 4.3% to reach US$47.5 billion, and is expected to grow at a CAGR of Global Paper Recycling Market will reach $58.6 billion by 2026.
According to the International Trade Center, Saudi Arabia imported paper worth $1.6 billion in 2021—a significant figure that can be reduced by investing in a paper recycling plant and substituting imported products with locally manufactured alternatives.
Value of the Kingdom’s imports of paper and cardboard
For more details on the latest economic indicatorsand investment opportunities in Saudi Arabia, as well as the most prominent financing entities that support successful investment projects in Saudi Arabia, you can contact the investor service team from Mashroo3k Consulting.
