Page 56 - Hub-4 Magazine Issue 66

Recycling
Kiverco wins major contract
in Saudi Arabia
Co Tyrone based Kiverco Recycling Plant has been chosen to design, build and install a waste recycling plant that will help recycle all construction waste from a new tourism project in Saudi Arabia. This latest multi-million-pound project represents another significant contract win for Kiverco in the Middle East following a major contract win in the UAE for a £3 million waste recycling plant earlier this year.
The Red Sea Project is the world’s most ambitious regenerative tourism initiative which is being developed on the Kingdom’s Red Sea coast by The Red Sea Development Company (TRSDC). The project is one of several large-scale investment giga- projects approved and overseen by Saudi’s Crown Prince Mohammad Bin Salman as part of his ambitious Vision 2030 which among its many goals, aims to increase tourism in Saudi Arabia and reduce the Kingdom’s dependence on oil.
The Red Sea Project has already passed significant milestones and work is on track to welcome the first guests by the end of 2022, when the international airport and the first four hotels will open. The remaining 12 hotels scheduled for completion in Phase One will open in 2023, delivering a total of 3,000 rooms across five islands and two inland resorts.
Chad Woodward, Director of Trade, and Investment at the British Embassy in Saudi Arabia, said:
“The Red Sea Project is a very prestigious development in the Kingdom, and I am very pleased to learn of Kiverco’s involvement in the project. The fact that Kiverco was chosen by Averda to deliver a solution to process the waste generated by this project highlights the excellent reputation British manufacturing has in the region.”
He added: “Kiverco has started to expand in this region and I am confident that they will continue to win new business as a result of this flagship project.”
The Red Sea Project will employ some 35,000 people directly and provide another 35,000 indirect and induced roles. The destination will welcome a maximum of 1 million visitors each year by 2030, generating an estimated SAR22 billion ($US 5.9 billion) in income for Saudi Arabia.
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www.hub-4.com Jan/Feb 2021 - Issue 66