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FINANCIAL NEWS
Veolia to construct waste recycling factory in Saudi Arabia
12 Jul 2016
(MENAFN) Veolia, a French water and energy management firm, and OGE have partnered to own and operate a recycling and incineration plant at Jubail Industrial City in Saudi Arabia.
In detail, the contract includes industrial and medical waste collection and treatment services with an investment of USD100 million, Saudi Gazette reports.
Consequently, the two companies will develop the facilities which have already been obtained by OGE and the construction is set to start by the first quarter of the next year, the report added.
“Veolia has now become a trusted environmental partner for the industry in Saudi Arabia. Partnering with OGE is in line with our commitment to build local alliances managing director of Veolia”, said.
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