PIF’s SIRC launches marine response services firm

06/06/2022 Argaam

Logo of SIRC

Saudi Investment Recycling Co. (SIRC), which is wholly-owned by the Public Investment Fund (PIF), launched SAIL Co.
 

The new firm will respond to oil and hazardous spills along the coastline of Saudi Arabia, the Red Sea and the Arabian Gulf, according to a press release. 
 

SAIL will work toward establishing marine emergency response services supported by marine monitoring which will help to detect oil and hazardous material spills in the Saudi waters in a very early stage. SAIL will also provide other marine services to be announced later.
 

Abdul Rahman Al-Fadley, Minister of Environment, Water, And Agriculture and Chairman of SIRC, has recently announced the board of directors’ approval on establishing a new company for environmental marine services

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