Al-Qaryan Group, a Saudi closed joint-stock company specialized in industrial dismantling, demolition, and circular industries, has started work on a mega-project to dismantle and demolish production facilities at the Arabian Industrial Fibers Company (Ibn Rushd), a SABIC subsidiary.

The scope of work covers over 125,000 square meters encompassing eight integrated production zones, and includes the complete dismantling of production units, auxiliary facilities, and associated civil structures, followed by full site restoration.

The project scope also includes the transportation of all dismantled materials off-site for processing, recovery and recycling at the group’s specialized facilities and downstream factories, applying best practices and benchmark standards. Moreover, the project contributes to sustainability targets through enhanced energy efficiency and significant minimization of carbon emissions.

Al-Qaryan Group operates a network of approximately 20 processing and recycling facilities across the Kingdom, specializing in the recycling of ferrous, non-ferrous and plastics materials, in addition to owning and operating three downstream factories for steel, plastic and copper, which enables the group to provide end-to-end recycling solutions for industrial-scale projects.

Abdulaziz Yahya Almuayyad, CEO of Al-Qaryan Group, said: “The group is proud to be selected by Ibn Rushd for this critical dismantling and demolition project and we are committed to leverage our long experience in the field to continually enhance our technical and logistical capabilities to ensure best-in-class project execution at the highest safety and quality standards.

The group has a successful track record in industrial dismantling and demolition such as that of Saudi Arabian Fertilizer Company in Alkhobar, and several desalination plants and power stations across the Kingdom. For this project, the group has deployed specialized expertise and cutting-edge technologies in dismantling and demolition, including state-of-the-art heavy and high reach dismantling equipment capable of dismantling complex industrial units. 

Almuayyad said Al-Qaryan Group has seamlessly integrated industry-leading sustainability metrics into its core strategic objectives and goals, ensuring alignment with global best practices while strengthening its position as a key contributor to the ambitious sustainability goals of Saudi Vision 2030, especially the targets set forth in the Saudi Green Initiative, launched by Crown Prince Mohammed bin Salman.

He also said that the group maintains a leading position in industrial circular industries through strategic investments in state-of-the-art technologies and innovative operational practices. The current project is a tangible demonstration of Al-Qaryan Group’s dedication to local content development, particularly bolstering the national economy through the utilization of domestic expertise, thereby making a significant contribution to the Kingdom’s sustainable development objectives.

Unlocked Sport, an Australian business with a presence in the US and Latin American markets, has announced its entry into the Saudi sports market. This move aligns with the Kingdom’s commitment to impactful commercial and investment deals that foster community development, highlighting Unlocked Sport’s dedication to leveraging sports for economic and social progress.

The global sports market is projected to reach an impressive $117.90 billion in 2025, showcasing the immense potential sports can offer economies worldwide. Unlocked Sport’s unique sports ecosystem concierge approach helps stakeholders, sports entities, businesses, and investors capitalize on the future of major sporting events globally and in Saudi Arabia over the next decade and beyond. This approach ensures all parties can maximize their potential and contribute to a thriving sports ecosystem. 

Jason Turnbull, chairman and CEO of Unlocked Sport, said: “At Unlocked Sport, we pride ourselves on being your ‘Sports Ecosystem Concierge,’ facilitating deeper connections between sports stakeholders and the communities they serve. Our mission is to transform ideas into scalable and impactful assets, providing comprehensive support that includes opportunity promotion, project management, and business concierge services.”

According to Turnbull, the development model and attraction strategy that Saudi Arabia is undertaking offer a once-in-a-lifetime opportunity to globally showcase how sports can be a major driver of national and economic development. “It is exciting to see this initiative engage all generations around a unifying vision, demonstrating the power of sports to bring about positive change,” he said.

Atif Karim, COO and head of sports business at Unlocked Sport, said: “Saudi Arabia’s Vision 2030 presents an unparalleled operational opportunity. The Kingdom’s ambitious plans for economic diversification and community development through sports align perfectly with our mission to create impactful and sustainable sports ecosystems. We are excited to be part of this transformative journey.”

Unlocked Sport is committed to working closely with Saudi Arabian stakeholders to unlock the full potential of the sports sector, contributing to the Kingdom’s Vision 2030 and beyond.