Veolia Expands Waste Treatment Solutions with New MOU

Veolia Strengthens Its Commitment to Waste Management

During a significant state visit by President Emmanuel Macron, Veolia announces a remarkable step forward in the realm of waste management. The company has entered into a solid partnership with the Saudi Investment Recycling Company (SIRC), emphasizing one of its primary business sectors.

Veolia is already well-established in numerous countries, especially in the Middle East. The company has ambitious plans to expand its operations dramatically, aiming for a 50% increase in turnover by 2030. This growth is anticipated to align with its strategic vision, referred to as GreenUp 24-27, focusing on infrastructure projects relating to water, energy, and waste.

A Snapshot of Veolia's Growth in the Region

In the past year, Veolia has reported a consolidated turnover surpassing €280 million, showcasing the company's substantial footprint in the Middle East market. The workforce in Saudi Arabia has reached approximately 2,500 employees, contributing to a larger total of 1.1 billion euros generated across the region. This study indicates a pivotal growth trajectory.

Specifically, in the waste management category, Veolia's facilities processed around 4.1 million tons of industrial waste, demonstrating its leadership in this critical area. Notably, the company's hazardous waste treatment plants possess a significant capacity, handling over 350 kilotons annually.

Building a Regional Champion in Waste Management

The memorandum of understanding with SIRC is aimed at augmenting Veolia's existing capacities in waste treatment. The partnership is designed to enable the development of a national and regional leader in the comprehensive treatment of organic, industrial, and hazardous waste by the year 2027.

Veolia is poised to leverage its extensive global experience and specialized knowledge in water management, waste handling, and energy production. The collaboration promises to be tailored, innovative, and efficient, explicitly structured to meet the demands outlined in the Vision 2030 program, a significant initiative launched in 2016 to diversify the Saudi economy and reduce its dependence on oil.

Commitment to Ecological Transformation

In light of escalating climate change issues impacting the Middle East and Saudi Arabia, there is an urgent need to focus on sustainable resource management and environmental responsibility. Estelle Brachlianoff, the CEO of Veolia, affirmed the company’s pride in contributing towards ecological transformation in the region, emphasizing that waste management is a crucial element in accelerating these efforts.

By combining their collective capabilities, Veolia and SIRC intend to share knowledge, enhance resource preservation, and implement state-of-the-art technologies to ensure ecological sustainability.

About Veolia

Veolia's mission is to be recognized as the leading company in the field of ecological transformation. With nearly 218,000 employees on five continents, it designs and implements effective solutions for managing water, waste, and energy. The group has made remarkable contributions, serving 113 million individuals with drinking water and providing wastewater services to 103 million people. In 2023, Veolia Environnement generated an impressive €45.3 billion in consolidated sales. Through its integrated approach, Veolia aims not only to preserve resources but also to regenerate them for a sustainable future.

Frequently Asked Questions

What is the purpose of the memorandum of understanding between Veolia and SIRC?

The MOU aims to enhance waste treatment capacities in Saudi Arabia and develop a regional champion in the sector by 2027.

How much did Veolia earn in turnover last year?

Veolia recorded a consolidated turnover of €280 million in Saudi Arabia for the previous year.

What are Veolia’s future goals for turnover growth?

Veolia plans to increase its turnover by 50% by 2030 as part of its strategic vision.

What does Veolia offer in terms of ecological transformation?

Veolia provides innovative solutions for water, waste, and energy management, focused on sustainability and transformation.

How many employees does Veolia have in Saudi Arabia?

Veolia employs approximately 2,500 individuals in Saudi Arabia, contributing to its significant operations in the region.

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