Sharia-Structured Instrument Ijarah (manufacturing and processing service) + Musharakah (revenue participation in manufactured goods). These are two independent transactions — never combined, netted, or described as components of a single return. Formal Sharia Board review recommended prior to CSA execution.
$330M Carbotura FDI
Full Programme
Zero Authority capital
obligation
282 Direct FTE
Nitaqat-labeled, ESTIMATED
210,000 tpy toward
MWAN 2035
799,350 tCO₂e/yr
SGI contribution
1.75× Hajj surge
design basis

Zero Authority Capital Deployment

Carbotura designs, finances, builds, owns, and operates the Advanced Circular Manufacturing centre. The Partner Authority's capital obligation is zero — at every phase through the $330M full programme.

Without ACM

  • Ongoing disposal expenditure — no manufactured asset created
  • Each Hajj season compounds unresolved surge infrastructure deficit
  • Jeddah Islamic Port waste continues without a processing pathway
  • No MWAN mandate progress for Western Region's largest corridor
  • No SGI contribution from Hajj-scale waste volumes

With ACM (Option A)

  • Zero capital deployment — $330M Carbotura investment only
  • P90 Hajj surge design — every season from COD is covered
  • Jeddah Islamic Port waste processed and converted to manufactured outputs
  • 210,000 tpy toward MWAN mandate at full programme
  • 799,350 tCO₂e/yr carbon avoidance — SGI contribution
  • Red Sea Destination sustainability credentials supported

MWAN Compliance + Hajj Surge Infrastructure

  • 85% diversion target by 2035: Jeddah's full programme (210,000 tpy, 6 modules) provides a sustained compliance contribution from Q4 2030 COD — the first advanced circular processor in the Western Region
  • Hajj surge — the only P90 design in the Western Region: ACM is designed to the 1.75× surge basis (6,114 → ~10,700 TPD) — not the baseline average. Every Hajj season from COD is handled at full surge capacity. No other facility in Jeddah is designed for this.
  • Surge inventory: Carbon Black and Aromatics produced during Hajj peak months are stable for storage and post-season supply, converting surge output into sustained SABIC Western Region supply chain inputs
  • MWAN reporting: All 7 streams — including port waste once the port authority agreement is in place — count toward MWAN diversion credit with auditable documentation

IsDB Circular Sukuk Alignment

IsDB headquartered in Jeddah — unique to this deployment in the programme.
  • CSA structural alignment: The Ijarah (Processing Service Fee) and Musharakah (Revenue Share) structure maps directly onto established Islamic finance instruments. The manufactured goods output of ACM constitutes a real, tangible asset base for a Sharia-compliant sukuk.
  • Circular Sukuk opportunity: A sukuk instrument backed by Carbotura's RevCon™ output from Jeddah — Carbon Black, Graphite, CFP — provides IsDB with a Sharia-compliant green infrastructure investment vehicle aligned with its 2030 sustainability mandate.
  • SIRC inward investment contribution: A Circular Sukuk aligned with the IsDB framework would count toward SIRC's SAR 6 billion inward investment target while providing Sharia-compliant returns from real manufactured goods.
  • Programme financing benefit: IsDB sukuk can finance ACM expansion (Phase Medium, Phase Expanded) — compressing the timeline from T0 to full programme deployment using Islamic finance instruments structured on the CSA's own revenue streams.

IKTVA Alignment

  • ACM in MODON Jeddah = Saudi-based manufacturer for IKTVA calculation. All products sold to SABIC, NEOM OXAGON, and Red Sea Destination from this facility qualify for IKTVA domestic procurement credit.
  • Western Region supply chain: Carbon Black and Aromatics from Jeddah ACM provide a Western Region domestic source, reducing the Eastern Province transport cost that currently applies. SABIC Western Region procurement receives IKTVA credit for domestic sourcing.
  • Red Sea Destination IKTVA: Pozzolanic SCM and Mineral Aggregate sourced from Jeddah ACM qualify for NIDLP/IKTVA construction materials procurement preference for the Red Sea and Amaala giga-projects.

Vision 2030 Alignment

Vision 2030 PillarJeddah ACM Contribution
MWAN 85% diversion210,000 tpy full programme including Hajj surge capacity
Saudi Green Initiative799,350 tCO₂e/yr avoidance · Red Sea coastal carbon reduction
IsDB Circular SukukSharia-compliant green finance instrument from real manufactured goods output
Red Sea Destination sustainabilityCertified circular waste disposition for tourism sector · Carbon avoidance documentation
Jeddah Islamic PortFirst certified circular processing pathway for port waste in Saudi Arabia (ACCESSIBLE)
In-Kingdom ManufacturingAdvanced Circular Manufacturing — CFP, HP Graphite, GO domestic production in Western Region

Employment Creation ESTIMATED — Nitaqat-labeled

PhaseModulesDirect FTEIndirect FTE
Phase Initial147141
Phase Medium3141423
Full Programme6282846

All FTE ESTIMATED. Subject to Nitaqat compliance confirmed at Feasibility Study with HRSD. IKTVA proxy: 62% ESTIMATED.

Environmental Impact

  • Carbon avoidance: 799,350 tCO₂e/yr Phase Initial · 799,350 tCO₂e/yr full programme
  • Landfill diversion: 35,000 tpy Phase Initial · 210,000 tpy full programme
  • Hajj carbon credential: ACM processes Hajj surge waste — producing a documented circular disposition for 2.5M+ annual pilgrims' waste, supporting Saudi Arabia's commitment to sustainable Hajj operations under the Saudi Green Initiative
  • Red Sea coastal protection: Reduction in landfill volumes reduces groundwater leachate risk in coastal Jeddah, supporting the Vision 2030 Red Sea environmental protection mandate

Jeddah Islamic Port + Tourism Benefits

  • Jeddah Islamic Port (400 TPD — ACCESSIBLE): First certified advanced circular processing pathway for port waste in Saudi Arabia. Port authority agreement required (independent of SIRC CSA). Converts port waste from disposal cost to manufactured output — a sustainability credential for one of the world's busiest ports.
  • Red Sea Destination + Corniche tourism corridor: Tourism commercial waste processed through ACM gains a documented circular disposition. Red Sea Global sustainability commitments require this provenance documentation. ACM provides it.
  • Jeddah Historic District: UNESCO World Heritage Site designation creates environmental protection obligations. ACM provides the circular waste pathway that supports these commitments.

Programme Timeline

MilestoneDateStatus
T0 — CSA executionQ2 2028ESTIMATED
Phase Initial CODQ4 2030ESTIMATED
First Revenue Share~Q1 2032DERIVED
Phase Medium CODQ2 2032ESTIMATED
Full Programme CODQ4 2033ESTIMATED

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