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Eastern Invests 7B Riyals in Gulf Circular Economy
The Eastern Province Municipality in Saudi Arabia has announced a major waste recycling project with a cost exceeding 7 billion riyals, aiming to enhance the circular economy and achieve sustainability goals. The project focuses on transforming waste into economic resources by establishing specialized recycling plants on an area of approximately 1.6 million square meters, with the goal of reducing reliance on landfills and supporting the manufacturing and construction sectors. Estimates predict that expanding recycling efforts could contribute to an increase of between $95 billion and $105 billion in the Gulf Cooperation Council's GDP, create around 300,000 jobs, and reduce carbon emissions by between 1 and 1.5 billion tons by the year 2040.
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