I 10 Sustainable Companies In MENA

Sustainability 10 Sustainable Companies In MENA

Averda

CEO: Malek Sukkar Country: U.A.E. Established in: 1964 Waste management company Averda is spread across the U.A.E., Saudi Arabia, Oman, Morocco, the Republic of Congo, Gabon, South Africa, the U.K., and India. Its main business lines are cleaning and waste collection, processing and recycling, energy and disposal, and technical services. In 2018, the company reported $349.2 million in revenues, and 4.1 million annual tons of waste collected. The company currently employs more than 15,000 people.

Bee’ah

Group CEO: Khaled Al Huraimel Country: U.A.E. Established in: 2007

Bee’ah provides environmental innovations and smart solutions for municipalities, businesses, and residents across the Middle East. It currently operates in the U.A.E., Saudi Arabia, and Egypt across industries ranging from waste management to environmental consulting to renewable energy. The company’s construction and demolition waste recycling facility treats 2,300 tons of construction waste every day, with a recovery rate of 98%.

Cairo Solar

Managing Director: Hatem Tawfik Country: Egypt Established in: 2014 Cairo Solar is a solar engineering, procurement, construction, and financing company. It helps corporate and government entities and homeowners to minimize the cost of solar systems by paying in installments. Since 2014, the company has designed, procured, and installed more than 55 projects. It co-managed the development plan of a $100 million 50MWp solar farm in Aswan, Egypt.

Diamond Developers

CEO and Co-founder: Faris Saeed Country: U.A.E. Established in: 2003 Diamond Developers was one of the first companies in Dubai to enter the freehold property and real estate development industry. They also claim to be the developer of the world’s first fully sustainable community, the Sustainable City. The company has developed over 490,000 square meters of total developed area, and is home to more than 5,000 residents. LG, Siemens, GE, and Shurooq are among the company’s partners.

Egyptian Company for Solid Waste Recycling (ECARU)

Chairman and CEO: Hisham Sherif Country: Egypt Established in: 1997

ECARU is part of Egyptian investment firm Qalaa Holdings and is the sister company to Engineering Tasks Group (ENTAG). The company specializes in recycling biomass and municipal solid waste (MSW). It currently receives 500,000 tons of MSW on its projects. ECARU collects and processes around 1.5 million tons of agricultural residues per year. The company has projects in Egypt, Libya, Cyprus, and Ethiopia.

KarmSolar

CEO: Ahmed Zahran Country: Egypt Established in: 2011

Founded in 2011, KarmSolar was among the first private companies in Egypt to be licensed to distribute solar electricity. It also provides microgrid solutions, so remote destinations can set up off-grid solar power plants on site. The company claims to have installed 31.4 MW of renewable energy, offsetting 10,000 tons of CO2 and saving 2.3 million liters of diesel annually. In September 2021, it launched its water solutions division KarmWater with a solar-powered water desalination project in Marsa Alam.

Masdar

CEO: Mohamed Jameel Al Ramahi Country: U.A.E. Established in: 2006 Masdar specializes in utility-scale renewable energy projects, community grid projects, and energy services. Active in more than 30 countries, Masdar is one of the largest developers of renewable energy projects in the Middle East. Its projects have an electricity generating capacity of 11GW. It displaces over 16 million tons of carbon dioxide per year. Since its inception, Masdar has invested in solar and wind power projects with a combined value of nearly $20 billion. Masdar’s share of this investment is in excess of $7 billion. The company is wholly-owned by the Abu Dhabi government’s Mubadala Investment Company.

Masen

President: Mustapha Bakkoury Country: Morocco Established in: 2010 Masen manages renewable energy in Morocco alongside the National Office of Electricity and Potable Water. The company leads development programs of integrated projects that aim to create an additional 6,000MW of clean electricity generation capacity and secure 52% of the country’s energy mix from renewable sources by 2030. Between 2010 and 2016, the company completed 70 initiatives and projects at an overall budget of $7.6 million, with 34,000 direct and indirect beneficiaries.

Oman Environmental Services Holding Company (be’ah)

CEO: Tariq Al-Amri Country: Oman Established in: 2007 be’ah is is responsible for solid waste management in Oman, operating under the Oman Investment Authority. In 2020, be’ah achieved 100% municipal waste service coverage. The company’s waste diversion strategy aims to achieve 80% diversion of generated waste from landfills by 2030 and reduce the average daily waste generation per person from 1.2kg to below 1kg by 2040. The company operates 10 engineered landfills and 16 transfer stations.

Saudi Investment Recycling Company (SIRC)

CEO: Ziyad Mohammed AlShiha Country: Saudi Arabia Established in: 2017

SIRC, which is wholly-owned by Saudi’s Public Investment Fund, advances waste management by promoting recycling, the conservation of natural resources, and the creation of a circular economy in the kingdom. The company aims to recycle 81% of total municipal solid waste by 2035. It also aims to upgrade waste management systems in an effort to reduce CO2 emissions and help the sector attract $13.3 billion in direct foreign investment and contribute $32 billion to GDP by 2035.