Saudi Red Sea Development Company
The Saudi Red Sea Development Company has granted both “Averda International” and the Saudi Marine Support Company, a joint contract for solid waste management in the Red Sea project.
According to a statement published by the executing company for one of the most ambitious tourism projects in the world, the contract stipulated that the two companies collect and recycle waste from management offices, housing units, construction and development activities, and contribute to the application of environmental sustainability standards, leading to the achievement of the principle of “zero waste” .
The two companies were chosen to design, build, and operate solid waste management centers, construction and demolition waste, as recyclable materials are transported from these centers for further processing, or they are used as filler materials in the project.
The organic waste will be converted into fertilizer that helps increase the productivity of the agricultural nursery of the Red Sea project. It will also be used as incinerators to treat any non-recyclable waste.
Commenting on the agreement, CEO of the Red Sea Development Company, John Pagano, said, “The agreement confirms our commitment to setting new standards in the field of sustainable development, so it is very important for us to work with world-class partners who own and support our ambitious vision.”
The Red Sea Development Company, wholly owned by the Public Investment Fund in Saudi Arabia, was established to lead the development of the “Red Sea Project”, which is considered a luxury tourist destination that will create new standards for sustainable development, and put the Kingdom in a prominent position on the map of global tourism.
The project will be developed on an area of 28 thousand square kilometers of virgin land in the west coast of the Kingdom, and includes an archipelago that contains more than 90 islands and Lake Bakr.
The destination will include luxury hotels, residential units, recreational and commercial facilities, and will depend entirely on renewable energy, and will conserve water resources.