{"id":86939,"date":"2024-06-06T00:00:00","date_gmt":"2024-06-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/06\/saudi-investment-recycling-hellenic-environmental-center-to-set-up-environmental-processing-centers-in-the-kingdom\/"},"modified":"2024-06-06T00:00:00","modified_gmt":"2024-06-06T00:00:00","slug":"saudi-investment-recycling-hellenic-environmental-center-to-set-up-environmental-processing-centers-in-the-kingdom","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/06\/saudi-investment-recycling-hellenic-environmental-center-to-set-up-environmental-processing-centers-in-the-kingdom\/","title":{"rendered":"Saudi Investment Recycling + Hellenic Environmental Center to set up environmental processing centers in the Kingdom"},"content":{"rendered":"<p class=\"tag-border-left\">WASTE MANAGEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF-owned Saudi Investment Recycling <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2116500\" style=\"\" rel=\"noopener\">has signed<\/a><\/strong><strong> an MoU with Greece\u2019s <\/strong><strong>Hellenic <\/strong><strong>Environmental Center<\/strong> \u2014 a global player in waste management \u2014 that would see them set up environmental processing centers here at home. Information on the timeline and financial value of the contract was not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Possibly in the cards: <\/strong>The two are discussing how to sell recycling services to ships and develop industrial waste treatment facilities.<\/p>\n<p class=\"tag-border-left\">CONSTRUCTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lana Contracting, a unit of Tadawul-listed Lana Company, has landed a SAR 30 mn <\/strong><strong>construction project for the Unified Military Command in Riyadh<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lVDLbsIwEPyWHjiCN0SEtDe3qAHEKwQK5IIcs4RISRw5Din9-uaBhGihopYP3vHM7OwSl6yJG7Nj4DMViJiFRb1xjW2HGtDumzCF_uINDHAsY7kwtV7bIKtrgjm2DLAn1J62ux2wPoC4_9KDM-uA_T4b6yOYgwXGY3q4c-gD_d1rypQ-d4sEw1drMKK6aXR_Em6M-KPJ7xkqwh8hh8T1Q-HVC6exp5s-cSXuUaJsZbKAD0ol6UsDGpDnecsXwg-xxUXUgFuSg0gVWV8ziYNxta7u3X0MNLKSmIpMciRzHxWNY5HFHCOM1ShIVY8pRmzO-AFHeMRwxnwkTjkf2x2DVMi0ZJFNiaTIlZC9ZLA716fIE2H9TqTYZVwtTgnWgBKF9fmdFKZO8FVUGtRGTPLDhVv-T7LIQ9nzyEYvob0U0cWAlal5mbkWadumVjXBT-VUZjVvVyhmKANRJkyi5XINwaDpeiddj2hk6tc3p0_fk2e1vA!!\/dz\/d5\/L0lHSklna0tDbEVLSUtVUW9ncFJBL29Od1FBRU1JQUFDRUVoZ0NLTTR6bEdDRklVbFF3Z1d0RzBaV2dBISEvNEpDaWpzWXBNaFRqVUUxdTBsc3BxYWEzYVMyTTFMSSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvY29tcGFueVN5bWJvbC85NTg3L2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzgwNjEx\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. <\/p>\n<p class=\"tag-border-left\">REAL ESTATE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Nomu-listed Ladun Investment has locked in a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lVDLbsIwEPyWHjiCN0SEtDe3qAHEs4ECuSDHWUKkJI4cB0q_vg6piqBQUcsH73hmdnaJR5bES9kuCpmKRMpiXa88a92iFjS7NoyhO3sBC1zHms9so9O0yOKcYA8dC6YjOh032y1w3oF4_9KDO2nB9HUyNAfwBg5Y9-nhxqF39PfOKWP62NYJ-s9Ob0BN22pfEq6MeNHk9wxHwh8h-8QLY-FXC6epb9oh8SRuUKJsFFLDW6Wy_KkGNdjv941QiDDGBhdJDa5JtiJXZHnOJC6mx3W1b-6jZ5CFxFwUkiN5C1HRNBVFyjHBVA2iXHWYYmTKGd_iAHcYT1iIxC3nY8EuyoXMSxZZ1Y0Sy5ErITtZL_hBDokvYrIq35kUQcHV7JBhBSih7b_fmTZ2o09dGVBZMcm3J275PyoSH2XH15wS2kiRnAxYmZyXuSuRsa4SKPxQ7tGs4gVaMUEZCZ2RZMl8voSoV_f8g2kmNLHN87unD19eiZLV\/dz\/d5\/L0lHSklna0tDbEVLSUtVUW9ncFJBL29Od1FBRU1JQUFDRUVoZ0NLTTR6bEdDRklVbFF3Z1d0RzBaV2dBISEvNEpDaWpzWXBNaFRqVUUxdTBsc3BxYWEzYVMyTTFMSSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvY29tcGFueVN5bWJvbC85NTM1L2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzgwNjI2\/\" style=\"\" rel=\"noopener\">five-year rental agreement<\/a><\/strong><strong> with the<\/strong> <strong>Real Estate Development Fund<\/strong>. The SAR 108 mn contract will see it rent out a four-floor office building to the fund starting Thursday, 11 July. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Arab Sea Information System\u2019s BoD has <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyNzIwFA_ODVPvyA3NMIgMyA3XNdREQD3QRrk\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi84MDYzOS9jb21wYW55U3ltYm9sLzcyMDEvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">recommended buying<\/a><\/strong><strong> a SAR 59 mn, 23-floor <\/strong><strong>office building in Al Sahafa District<\/strong>, which belongs to one of its members. The building is set to become the HQ of the company and its subsidiaries, it added. <\/p>\n<p class=\"tag-border-left\">M&amp;A WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mayar Holding subsidiary to buy two elevator companies in one go:<\/strong> Elevator Solutions Investment \u2014 a unit of Nomu-listed escalator company Mayar Holding \u2014 has inked a non-binding 3-month MoU to fully take over ITM and Smart Elevators, the parent company said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lZBRb4IwEMc_yx545W4iCHurEeuMizBiZH0xZauVBFqCdcRvb3VPJDi3vl37-939e8AgB6b4dym5KbXila0_WLDzSYCjRYjrNYkmmM6XU_q6Il6cjmHbB-h8FFsgmqazmD4jnQD7l49Z4lsgefNW-I4Ug7_5eOcQfOyzPjLwgz4wEPEG_JJhCUxWuvjZJ1GFF0pgrdiLVrTuqbXXB2Oa44uDDnZd50qtZSXcT107OKQc9NFA3iev3LXLrYnhX7w7VdZm9qnh6pyd60LbQZEfhJAJBU292eRYJvU2NH4xfroAAKWvPg!!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi84MDYzMy9jb21wYW55U3ltYm9sLzk1NjgvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">a filing to Tadawul<\/a> yesterday. There\u2019s no publicly available information on the value of the potential acquisition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A consortium of Saudi investors inked a 92-year contract to establish a 120k sqm Saudi <\/strong><strong>Logistics City in Djibouti Port freezone,<\/strong> poised to become the Kingdom\u2019s largest foreign logistics zone, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2116330\" style=\"\" rel=\"noopener\">SPA<\/a> reports. No additional details regarding an investment ticket or timeline for the initiative were disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details:<\/strong> The hub will cover some 120k sqm in its first phase, and will include a permanent exhibition, platforms for Saudi firms, and a trade area that includes facilities such as warehouses, SPA said. The project is set to position Djibouti\u2019s port as a gateway for Saudi exports to Africa. Authorities from Djibouti have pledged to grant Saudi Arabian industries similar facilities and incentives to those extended to their Djiboutian counterparts at the freezone, SPA added. <\/p>\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.midad.com.sa\/\" style=\"\" rel=\"noopener\">Midad<\/a><\/strong><strong> is<\/strong> <strong>launching <\/strong><strong>the Four Seasons Private Residences in Jeddah on the Corniche<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/ae\/news-releases\/midad-real-estate-unveils-stunning-new-residential-landmark-the-four-seasons-hotel-and-private-residences-jeddah-at-the-corniche-302164715.html\" style=\"\" rel=\"noopener\">PR Newswire<\/a>. The eight-storey hotel features suspended bridges, 247 guest rooms, 21 serviced apartments, and 64 private residences, including 2 penthouses. The hotel is still under construction and scheduled to open in 2025, according to the <a target=\"_blank\" href=\"https:\/\/www.fourseasons.com\/newopenings\/\" style=\"\" rel=\"noopener\">Four Seasons website<\/a>. <\/p>\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/tabby.ai\/en-EG\/business\" style=\"\" rel=\"noopener\">Tabby<\/a><\/strong><strong> will integrate <\/strong><strong>UAE-based traveltech player <\/strong><strong><a target=\"_blank\" href=\"https:\/\/tumodo.io\/\" style=\"\" rel=\"noopener\">Tumodo<\/a><\/strong><strong>\u2019s<\/strong><strong> services into the fintech<\/strong><strong> startup\u2019s travel management<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/en\/2024\/06\/tumodo-joins-forces-tabby-facilitate-travel-management-practices\" style=\"\" rel=\"noopener\">Wamda<\/a>. The integration is designed to provide more visibility and control over travel expenses through Tumodo alongside the financial control and payment flexibility of Tabby\u2019s BNPL options. Tabby will use Tumodo\u2019s platform to simplify travel logistics such as flight and accommodation booking, itinerary management, and expense reporting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Midad is launching the Four Seasons Private Residence on Jeddah\u2019s Corniche<\/p>\n","protected":false},"author":1,"featured_media":86940,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,2146,10,2143,1807,2144,2147,2148,2145,2848],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arab-sea-information-systems","tag-enterpriseam-ksa","tag-hellenic-environmental-center","tag-ladun-investment","tag-lana-contracting","tag-mayar-holding","tag-midad","tag-real-estate-development-fund","tag-saudi-investment-recycling","wpautop","entry"],"acf":{"mongo_id":"435b8359-8957-442e-ad89-6d768d514c7d","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/608.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi Investment Recycling + Hellenic Environmental Center to set up environmental processing centers in the Kingdom","related_issue":[86920],"teaser":"PLUS: Midad is launching the Four Seasons Private Residence on Jeddah\u2019s Corniche","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.859bf86f-5667-4409-8fe7-42f314121fcc.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Saudi Investment Recycling + Hellenic Environmental Center to set up environmental processing centers in the Kingdom - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/06\/saudi-investment-recycling-hellenic-environmental-center-to-set-up-environmental-processing-centers-in-the-kingdom\/\" \/>\n<meta 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