Riyadh, Kingdom of Saudi Arabia: flynas, the national carrier and the leading low-cost airline in the world and the Middle East, and the Saudi Investment Recycling Company (SRIC), wholly owned by the Kingdom’s Public Investment Fund, announced the signing of a memorandum of understanding to explore partnership opportunities in the field of sustainability to enhance efforts to achieve An advanced circular economy in line with Saudi Vision 2030.
The MoU was signed by Bandar Al-Muhanna, CEO and Managing Director of flynas, and Eng. Ziad Al-Shiha, CEO of the Saudi Investment Company for Recycling, in the presence of senior officials from both companies.
According to the memorandum of understanding, the two parties seek to explore areas of partnership and enhance cooperation in the areas of sustainability, including the adoption of technology and the adoption of ideal recycling solutions to treat flynas waste such as oils, plastics, batteries, etc., in order to achieve best practices in recycling, to contribute to the realization of the Saudi Green Initiative and the pursuit of neutrality. zero, and to enhance sustainability and preserve the environment.
Bandar Al-Muhanna, CEO and Managing Director of flynas, said, “We are pleased to enter into this promising partnership with the Saudi Investment Company for Recycling as a leading company in this field, in parallel with flynas’ strategy to adopt initiatives that have a sustainable impact on the environment, the economy, and society. We are confident that this step will enhance Flynas efforts to build a sustainable growth model that combines access to low impacts on the environment and achieving profitable economic returns, in line with the national goals to reach zero neutrality by 2060.”
For his part, Eng. Ziyad Al-Shiha, CEO of the Saudi Investment Company for Recycling, said, “We are pleased with our partnership with flynas, as it is one of the fastest growing airlines, and we will work together towards achieving a true partnership with the aim of developing the recycling industry and the principle of the circular economy in line with the goals of Saudi Vision 2030 and the goals of the Saudi Vision 2030 initiative.” Green Saudi Arabia in reducing harmful emissions
He emphasized that Circ is working to lead the circular economy by activating local and global partnerships and investments and promoting local content, using best practices in recycling.
Flynas is also working to enhance sustainability by launching initiatives that have a sustainable impact on the environment, society and the economy, in partnership with institutions in the field of recycling, in addition to promoting reliance on more environmentally friendly consumer products, improving space and waste management within the passenger cabin, and increasing crew efficiency.
Last month, flynas was named the fourth best low-cost airline in the world, and the best low-cost airline in the Middle East for the sixth time in a row. The leading low-cost airline connects more than 70 domestic and international destinations through its fleet of 51 aircraft on more than 1,500 weekly flights, and has carried more than 60 million passengers since its launch in 2007.
It is noteworthy that the Saudi Investment Company for Recycling “SRIK” was established in 2017 in order to achieve the environmental and sustainability goals contained in the Kingdom’s Vision 2030 by contributing to the development of waste management, encouraging recycling, preserving natural resources, and shifting to a circular economy.
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2023-08-14 14:41:46
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