SIRC recycled 16 mln tons of construction, demolition waste in 2022

Logo of Saudi Investment Recycling Co.

Saudi Investment Recycling Co. (SIRC) – which is wholly owned by the Public Investment Fund (PIF) - recycled 16 million tons of construction and demolition waste (C&DW) in 2022, through its investment arm, Demolition and Building Materials Recycling Co. (Akam), Saudi Press Agency reported.

Akam’s CEO Abdulrahman Al-Manea said the C&DW management solutions provider processed and recovered more than two million tons of C&DW.

The top executive also pointed to the record numbers that the company has managed to achieve.

According to Al-Manea, Akam launched the green cement initiative that aims to promote a circular economy. This is through the processing of leftover ready-mixed concrete to be returned into the cycle of cement block factories in the form of secondary/reusable materials.

He also revealed that a capital budget of SAR 160 million was allocated to expand operations, raise efficiency and become a market leader.