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Real estate industry

Dubai to Establish First Fully Integrated Waste Management and Recycling Park in the Middle East

Strategic Insights

— 2 min read

Dubai will soon witness a groundbreaking initiative in waste management with the establishment of Dubai Recycling Park, a fully integrated waste management and recycling park that will revolutionize the way the Middle East manages waste. The park is a result of a collaboration between National Projects Holding Co, a subsidiary of the National Real Estate Co. of Kuwait, and Dubai Industrial City, a subsidiary of Tatweer (a Member of Dubai Holding). The park will not only handle waste from the booming Dubai Industrial City but also from across the Emirate of Dubai and the greater UAE.

Key Takeaways:

  • Dubai Recycling Park will be the first fully integrated waste management and recycling park in the Middle East, with a capacity to handle waste from not only Dubai Industrial City but also from across the Emirate of Dubai and the greater UAE.
  • The park will be developed on a site measuring 1,500,000 square feet, with a 49-year lease agreement with Dubai Industrial City and a capital investment of up to $150 million.
  • Dubai Recycling Park will be developed in phases, with construction commencing in mid-2007 and fully completed within 18 months.
  • The feasibility study, master plan, and management of the Dubai Recycling Park will be contracted to Remondis of Germany, the fourth largest waste management company in the world.
  • The park will feature up to a dozen different recycling plants, handling various types of waste including industrial, residential, and commercial waste.
  • Dubai's current construction boom ranks it fourth worldwide, and both this and the region's high waste production per capita made it an ideal location for the park.
  • National Projects Holding Co. aims to revolutionize the way the Middle East manages waste, citing the vision and forward thinking of Dubai Industrial City and the Government of Dubai.
  • Dubai's Government has a strong vision for industrialization and sustainability, with Billy Al Malik, Senior Vice President Industry and Knowledge of Dubai Industrial City emphasizing the park's alignment with Dubai's vision.

Statistics:

  • 1,500,000 square feet: the site area of the Dubai Recycling Park.
  • $150 million: the estimated capital investment for the Dubai Recycling Park.
  • 10 years: the planning horizon for the park, a long-term commitment to waste management in Dubai.
  • 18 months: the expected duration of the construction phase for the park.
  • 49 years: the lease agreement between National Projects Holding Co. and Dubai Industrial City for the use of the site.
  • 4th: Dubai's ranking worldwide in terms of construction boom.
  • 4th: Remondis of Germany's ranking worldwide in terms of waste management company size.
  • Up to 12: the number of different recycling plants to be established within the Dubai Recycling Park.

Sources:

  • DubaiPhotoMedia, November 2, 2006.
  • Asia Pulse, November 2, 2006.

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