Lana wins waste transport containers project with Defense Ministry

Logo of Lana Medical Co.

Lana Medical Co. was awarded a project with the Ministry of Defense to provide non-medical waste transport containers for Prince Sultan Military Medical City.

The project’s value will not exceed 5% of the company’s 2024 revenues, according to a statement to Tadawul today, June 26.

The deal entails providing non-medical waste containers for a period of 36 months, starting from the date of site receipt.

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The project is pending the contract signing and the Ministry of Finance’s approval, in accordance with the project documents, specifications, and bills of quantities.

This project is deemed key in the company's plan to expand its provision of integrated waste management solutions in the healthcare sector.

This is given its focus on improving the quality of environmental services, implementing global best practices in waste management, supporting national initiatives to reduce pollution and promote public health, achieving sustainability, and reducing the environmental impact resulting from transportation and disposal operations.

The financial impact of the project is expected to be reflected in Lana’s financials starting from Q3 2025, the company noted.

The project also reflects Lana's ability to implement large-scale projects within healthcare facilities, while also adopting the highest technical and operational standards.

This project award is an extension of Lana's strategy to strengthen its leadership in the Saudi environmental services sector. It should also contribute effectively to achieving the goals of Saudi Vision 2030 in the field of environmental sustainability, the statement added.

According to data available on Argaam, Lana reported a revenue of SAR 84.09 million in 2024. Therefore, a 5% portion makes around SAR 4.2 million.