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Khaled Al Huraimel, CEO of Beeah Group, revealed that the company is working with Egypt’s private real estate sector to launch new projects.
Al-Huraimel told Egypt’s Daily News that the company is operating in the new administrative capital and targeting Sharm el-Sheikh, coinciding with COP27.
He added that the company provides waste recycling services in Sharm el-Sheikh under a 10-year contract.
In September last year, the Beeah-Green Planet Alliance signed the Sharm el-Sheikh Waste Management Contract with South Sinai Province, the Beeah Group’s second contract in Egypt.
He added that over the past few weeks, Beeah has set out to repair the infrastructure needed for waste management and develop appropriate solutions for waste collection in the city.
He said the process of converting the area will take about 15 years, but the development of Sharm el-Sheikh is easy because the technical infrastructure is available.
He emphasized that containers equipped with advanced solar technology are distributed at various locations in the city, and recycling stations are strategically located to collect and process different types of waste, such as e-waste, as well as organic and mixed waste.
He noted that the company has stepped up development work in the Kingdom of Saudi Arabia and is expanding into the Middle East and Africa, stressing that the company will focus on Egypt and Saudi Arabia in the short term. .
He added that the company has many projects in the United Arab Emirates as it is 50% owned by the UAE government, explaining that the company is one of the pillars of the UAE’s plan to move to zero carbon emissions by 2050.
He noted that the company does not currently plan to issue shares on the stock exchange in the UAE market, but may do so at a later stage.
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