Bander Almohanna, CEO and managing director of flynas, and Ziad Al-Shiha, CEO of the Saudi Investment Recycling Company, signed the MoU in the presence of senior officials from both companies.
According to the memorandum of understanding, the two parties seek to explore partnership opportunities and best options for adopting technology and ideal recycling solutions to treat flynas waste, such as oils, plastics, batteries, etc., in order to achieve best practices in recycling, in line with the Saudi Green Initiative seeking to achieve carbon zero neutrality and to enhance sustainability and preserve the environment.
Bander Almohanna, CEO and managing director of flynas, said: “We are pleased to enter into this promising partnership with the Saudi Investment Recycling Company as a pioneering company in this field, in line with flynas’ strategy to adopt initiatives with sustainable impact on environment, society, and economy. We trust its ability to transform waste into opportunities, and we are confident that this step will enhance flynas’ efforts to build a sustainable growth model that combines profitable economic returns and low impacts on the environment, in line with the national goals to neutralise greenhouse gas emissions by 2060.”
Ziyad Al-Shiha, CEO of the Saudi Investment Recycling Company, said: We are pleased to partner with flynas, one of the fastest growing airlines. This collaboration represents a significant step forward as we establish a robust partnership with the shared objective of advancing the recycling industry and advocating for the principles of the circular economy. This partnership aligns with the directives of Saudi Vision 2030 and the pivotal aims of the Saudi Green initiative in reducing harmful emissions."
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