According to a recent study by Frost and Sullivan, the total waste generated in the GCC is expected to increase from 94 million MT in 2015 to as high as 120 million MT per annum by 2020. Growing population and industrialisation are viewed as the reason for the increased waste generation. The rise in municipal waste alone is expected to push the market potential up by 1.5 to 2 times in the next five years.
Recent media reports also suggest that cities in the UAE are at the forefront in adopting latest solutions in the sector. Also, ‘Waste-to-Value’ methods such as recycling and waste-to-energy are coming into the picture with Dubai Municipality building an AED 2 billion facility to convert solid waste into energy in Warsan district. Whereas, Abu Dhabi has recently announced to install high-tech smart bins and waste collection system. With governments promoting Public-Private Partnerships in the waste management sector, private companies operating in waste collection, transportation, treatment, and technology will have a huge advantage to grow.
Municipalities in the region are now tapping into services offered by private companies to help manage city waste as they are highly capable of providing integrated services with efficient collection and management of landfills. The waste management sector has now evolved to an attractive investment area for companies, which can be attributed to wide industrialisation and an increasing population in the cities. "With ever increasing waste across the region, a sustainable waste management system, provided by companies like us, ensures sustainable quality as far as waste management is concerned. The public-private partnership in waste management in the region is sure to support the creation of more value in the coming years,” says Jamal Abdullah Lootah, CEO, Imdaad.
Sultan Jrab, Projects Director, Lavajet Group, is of the opinion that a major portion of the waste generated in the UAE contained recycled material. “It is not just collecting waste, but about eco-friendly treatment too. Though landfill is still considered cost-effective in the country, we are seeing a lot of efforts from public and private sector to keep waste away from landfills. Segregation of waste right from bins until it reaches treatment plants has resulted in increased demand for new solutions and technologies and timely services. This, coupled with the expected development and population growth in the region, will exponentially fuel the waste management industry.”