SIRC, Black Rock to set up new fund to invest in waste recycling

15/11/2022 ِArgaam
Logo ofSaudi Investment Recycling(SIRC)

Logo of Saudi Investment Recycling (SIRC)

Saudi Investment Recycling Co. (SIRC) is partnering with US leading investment company Black Rock to set up a new fund that will invest in waste management in the Kingdom, said Ziad Al-Shiha, CEO of SIRC.
 

Speaking to Asharq Bloomberg, the top executive indicated that the size of the investment opportunities to be targeted by the fund reach SAR 150 billion, out of which SAR 20 billion are located in Riyadh city.
 

Established in 2017, CIRC is wholly-owned by the Public Investment Fund (PIF). It operates in the development and operation of several activities, including recycling.

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