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Omani firm to launch trading platform for recyclable wastes

The company says the move will help optimise the retention of waste in-country and spur investments in recycling and value-adding ventures.

Oman’s solid waste services provider, Beeah, is working on a platform to facilitate auctions and trades in recyclable wastes, the Oman Daily Observer reported.

The company, which is part of the state-owned Oman Investment Authority, said the initiative will help spur investments in recycling and value-adding ventures.

The firm said the proposed trading platform will give all stakeholders a complete overview of available recyclable wastes, quantities, generators and scrap quality.

Beeah has been working with the Ministry of Commerce, Industry and Investment Promotion, and governmental departments to promote the recyclable waste sector as an area for investment through in-country value creation.

The newspaper earlier reported that Oman was studying offering tax waivers and other incentives to attract investments and localised manufacturing opportunities across the value chain of the new “green energy” industry.