NO TIME TO WASTE
Forbes Middle East - English|Oct 2023
Khaled Al Huraimel, Group CEO of the BEEAH Group, has overseen the holding company's growth from a small waste management facility to a regional renewable power player. As MENA drives forward its green agenda, his job has only just gotten started.
LAYAN ABO SHKIER
NO TIME TO WASTE

While the oil and gas-rich Middle East is very much still synonymous with the supply of fossil fuels, today some of its biggest markets are also witnessing a green revolution within their sandy terrains. And while the U.A.E. gears up to host the international climate change summit COP28, it is already home to a host of sustainability-focused companies making it their business to lead the change.

Leading this transformation is Khaled Al Huraimel, the Group CEO of U.A.E.-based BEEAH Group, the largest waste management company in the Middle East. Under Al Huraimel’s leadership, BEEAH has just marked a major milestone. In May 2023, the group announced that it had achieved over 90% landfill waste diversion in the emirate of Sharjah—the highest percentage to be achieved in MENA so far. However, this has not been a quick or simple journey. “Nothing happens overnight. It took us 14 years to get here,” says Al Huraimel.

The last year has proven to be particularly gamechanging for the pioneering company. In May 2022, BEEAH inaugurated the region’s first commercial-scale waste-to-energy plant in Sharjah through the Emirates Waste to Energy Company, a joint venture between BEEAH and Abu Dhabi-based renewable energy firm Masdar. “Whatever we are not able to treat or recycle goes to our waste-to-energy plant, which will help us achieve our target towards zero waste,” says the Group CEO. The plant processed over 100,000 tonnes of waste—equivalent to the annual waste produced by 180,000 people—in its first operational year. It also offset over 150,000 tonnes of CO2 emissions and is currently supplying enough energy to power over 2,000 homes per year.

Diese Geschichte stammt aus der Oct 2023-Ausgabe von Forbes Middle East - English.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der Oct 2023-Ausgabe von Forbes Middle East - English.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FORBES MIDDLE EAST - ENGLISHAlle anzeigen
WATCHING OUT FOR THE WEALTHY
Forbes Middle East - English

WATCHING OUT FOR THE WEALTHY

Faisal Al-Hamad, CEO of Kuwait-based NBK Wealth, has been leading the NBK Group's client-centric businesses under a unified umbrella since 2021. With over $20 billion in assets under management, he's now planning for expansion.

time-read
4 Minuten  |
May 2024
Middle East Forbes THE MIDDLE EAST'S TOP 100 TRAVEL & TOURISM LEADERS 2024
Forbes Middle East - English

Middle East Forbes THE MIDDLE EAST'S TOP 100 TRAVEL & TOURISM LEADERS 2024

Thanks to their geographical position and historical and cultural richness, Middle East countries are attracting both tourists and investors.

time-read
2 Minuten  |
May 2024
PARTY WITH PURPOSE
Forbes Middle East - English

PARTY WITH PURPOSE

New Forbes billionaire Kabir Mulchandani, Founder and Chairman of FIVE Holdings, is building an entertainment ecosystem with a sustainable footprint. Now, he's talking IPO plans.

time-read
7 Minuten  |
May 2024
EMPIRE BUILDING
Forbes Middle East - English

EMPIRE BUILDING

Hussain Sajwani, Founder and Chairman of the DAMAC Group, has built a property empire and accumulated over $5 billion in wealth since establishing the group in 1982. As he continues to seek out new opportunities, he's also supporting the next generation as they follow in his footsteps.

time-read
9 Minuten  |
May 2024
The Middle East's RICHEST BILLIONAIRES 2024
Forbes Middle East - English

The Middle East's RICHEST BILLIONAIRES 2024

It's been a banner year for the mega-wealthy. Forbes found an unprecedented 2,781 billionaires around the globe for this year's World's Billionaires list-141 more than in 2023 and 26 more than the previous record, set in 2021.

time-read
2 Minuten  |
May 2024
Riches from Rags
Forbes Middle East - English

Riches from Rags

Investors have blown billions of dollars on loss-making luxury clothing resale firms. VINTED, an unlikely startup from Lithuania, finally cracked the code.

time-read
6 Minuten  |
May 2024
The New Goal Standard
Forbes Middle East - English

The New Goal Standard

JORGE MAS took a risk with a lucrative bet on Lionel Messi and quickly transformed Inter Miami into MLS's second billion-dollar franchise. But now the clock is ticking.

time-read
5 Minuten  |
May 2024
Reasons To Seek Adventure
Forbes Middle East - English

Reasons To Seek Adventure

Whether it’s the exhilaration of free-falling out of the sky or the thrill of being immersed among the shark-filled reefs of the Indian Ocean, adventure enthusiasts are drawn by the allure of life-changing experiences. Here are some reasons why.

time-read
3 Minuten  |
April 2024
THE MIDDLE EAST'S 30 MOST VALUABLE BANKS 2024
Forbes Middle East - English

THE MIDDLE EAST'S 30 MOST VALUABLE BANKS 2024

MENA’s banking sector has shown resilience over the last year, supported by higher interest rates and oil prices.

time-read
10+ Minuten  |
April 2024
INVESTING AT YOUR FINGERTIPS
Forbes Middle East - English

INVESTING AT YOUR FINGERTIPS

Ahmad Hammouda and Seif Amr, Cofounders of Egypt-based digital investment platform Thndr, are facing competition from brokerages and investment banks to democratize investing. Having seen exponential growth in four years, they’re now looking at expanding to the U.A.E. and Saudi Arabia.

time-read
7 Minuten  |
April 2024