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UAE's Beeah sets up new JV to revolutionise Egypt waste management

Aligned with the goals of Egypt Vision 2030, the venture sets a bold target of achieving an 80% landfill waste diversion rate.
10.12.23 | Source: Zawya

UAE-based Beeah Group has reached an agreement to set up a joint venture with the Administrative Capital for Urban Development, the company developing Egypt's New Administrative Capital (NAC) megaproject, to scale sustainable waste management services and foster environmental stewardship.

In 2020, Beeah had already partnered with ACUD to deploy waste management services in the NAC. By now forming a new joint venture, Beeah and ACUD are building on the partnership to further enhance waste management services.

The agreement was signed by Khaled Abbas, Chairman of the Board of Directors at ACUD, and Khaled Al Huraimel, Group CEO of Beeah, on the sidelines of COP28, in the presence of Dr Yasmine Fouad, Egypt's Minister of Environment, and senior Emirati and Egyptian officials.

"We are pleased to sign the joint venture company agreement with the ACUD. This collaboration marks the beginning of a transformative chapter to propel ACUD and Egypt towards achieving its environmental goals and elevating its residents' quality of life," said Al Huraimel.