The Helicopter Company and Saudi Investment Recycling Company Forge Strategic Partnership to Advance Sustainability Initiatives and Saudi Arabia's Circular Economy
Riyadh, 19 January 2025 – The Helicopter Company (THC), a wholly-owned subsidiary of the Public Investment Fund (PIF) and the Kingdom’s premier commercial helicopter operator, has signed a Memorandum of Understanding (MoU) with the Saudi Investment Recycling Company (SIRC), also a wholly-owned PIF subsidiary. The agreement aims to explore partnership opportunities in sustainability, deliver aerial services to support the environment and promote an advanced circular economy, in line with Saudi Vision 2030.
The agreement underscores THC’s and SIRC’s shared commitment to innovation and environmental responsibility. The two companies will collaborate to advance technology-driven processes and expand THC’s service offerings into new sectors that prioritize sustainability.
Captain Arnaud Martinez, Chief Executive Officer of THC, said: "This partnership represents a pivotal step in our journey toward a more sustainable future for aviation while contributing meaningfully to the Kingdom’s vision for a circular economy. By utilizing SIRC’s innovative recycling technologies within our operations, THC will actively reduce its environmental footprint while aligning with the sustainability goals of Saudi Vision 2030. Together, we are turning bold ideas into impactful actions, creating practical, scalable solutions that benefit the aviation industry and the environment."
Ziyad Al-Shiha, Chief Executive Officer of SIRC, said: “This partnership marks a significant milestone in our commitment to enhancing the sustainability of the aviation sector in Saudi Arabia. At SIRC, we recognize aviation’s crucial role in the nation’s development and are dedicated to supporting its transformation toward greener practices. Through this collaboration, we aim to drive innovation, reduce emissions, and ensure the long-term environmental health of the sector. This effort aligns with Vision 2030, fostering a sustainable future and positioning Saudi Arabia as a leader in the global green economy”.
For any media queries on THC, please contact:
Tania Ahmed
About The Helicopter Company:
THC was established as part of Saudi Public Investment Fund (PIF)’s strategy to activate new sectors in Saudi Arabia that support the realization of Vision 2030 by creating an entire new ecosystem for general aviation services and introducing safe and efficient transport services across the kingdom. THC is the Kingdom’s premier commercial helicopter operator and has been operating since mid-2019. THC currently has 58 aircraft that serve diverse segments, including Emergency Medical Services (EMS), aerial work, private charters and tourism in the Kingdom.
For more information, please visit: https://helicopter.com.sa/
LinkedIn: The Helicopter Company