Veolia, a French water and energy management company, and OGE have partnered to build, own and operate a hazardous waste landfill, recycling and incineration plant at Jubail Industrial City in Saudi Arabia, a report said.
The agreement includes industrial and medical waste collection and treatment services with an investment of $100 million.
The preliminary licences to develop the facilities have already been obtained by OGE and the construction is expected to start by the first quarter of 2017, the report said.
“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 to bring a strong and enduring team to deliver this ambitious project,” said Xavier Joseph, managing director of Veolia Middle East.
“It’s our pleasure to announce that OGE and Veolia made this partnership, success starts with a vision and successful visions are based on strong pillars. The OGE and Veolia partnership is the strongest pillar in our upcoming success in waste management business in Saudi Arabia. Veolia is known for its strength in the waste management and this partnership offers strong support for our business,” said Hisham Al Gannas, president of OGE.