The population waste in Saudi Arabia is increasing at an average annual rate of 12%. Waste recycling policies are among the key developmental directions supported by the country as part of Vision 2030.
Mashroo3k Consulting guides investors seeking a successful investment opportunity in Saudi Arabia to explore the feasibility of establishing an e-waste recycling plant, capitalizing on the growing demand for sustainable waste management solutions.
What is an E-Waste Recycling Plant?
An e-waste recycling plant specializes in collecting used electrical and electronic devices to extract valuable metals, plastics, and other reusable materials, which are then processed and recycled for further use.
Since this project plays a crucial role in environmental protection and natural resource conservation, it is expected to receive technical support and incentives from the Saudi government as part of its efforts to achieve environmental sustainability under Vision 2030.
According to a report by the Finnish company Metso Oyj, the total global production of e-waste reached 53.6 million metric tons in 2019, and it is estimated that this waste will increase year by year until it reaches 74.7 million metric tons in 2030.
Mashroo3k Consulting confirms that establishing an e-waste recycling plant in Saudi Arabia presents a profitable investment opportunity, particularly as the Kingdom has embraced the green economy and strengthened its mechanisms to reduce environmental risks.
It is worth noting that the annual waste growth rate in Saudi Arabia averaged 12% between 2017 and 2020. According to the latest official statistics, the total waste production in the Kingdom has reached 25,003,400 tons, and this figure is expected to rise in the coming years due to population and expatriate growth.
For more details on the latest economic indicators, investment opportunities in Saudi Arabia, and key funding sources for successful investment projects, you can contact the Investor Support Team at Mashroo3k Consulting.
