In a step that reflects the commitment of the SIRC Group, the Saudi investment recycling company, wholly owned by the Saudi Public Investment Fund, the company announced the signing of a memorandum of understanding (MoU) in Athens on June 4, 2024, with the Greek company Hellenic Environmental Center SA (HEC), under the patronage of His Excellency the Chairman of the Board of Directors of SIRC, Engineer Khalid Al-Salem, and in the presence of the Ambassador of the Custodian of the Two Holy Mosques to Greece, Dr. Saad bin Abdul Rahman Al-Ammar.
The Memorandum of Understanding was signed by Eng. Ziyad Al-Sheiha, SIRC CEO, and Mr. Dimitris Melissanidis, Chairman of the Board of Directors of HEC, at the Posidonia International Shipping and Maritime Services Exhibition 2024 in Athens.
The MoU aims at creating a partnership to establish environmental treatment centers to provide recycling services for ships in the Kingdom, which enhances the commitment to environmental sustainability and responsible waste management as well as recycling. The partnership will explore and establish industrial waste treatment facilities while jointly identifying and evaluating strategic locations for industrial waste treatment facilities, taking into account factors such as proximity to industrial centers, transportation infrastructure and environmental impact.
Source: HEC
