An MoU in this regard has been signed between Bahrain’s Ministries of Transportation & Telecommunications and of Industry & Commerce and Maersk. Other strategic partners in the project include ASRY, SULB Company and APM Terminals Bahrain.
Maersk will provide the much needed technology for establishing sustainable ship recycling practices. Regulatory support will be offered by the ministries to ASRY for developing yard and dock operations for ship breaking and SULB will recycle and process steel from ships for both local and international markets.
In addition, this initiative, the first of its kind in Bahrain, aims to create a ship recycling and green steel ecosystem, fostering collaboration between government and industry to ensure sustainable practices and support Bahrain’s Economic Vision 2030 and Sustainable Development Goals.
