ESG

Enviromental, Social & Governance (ESG)

OUR COMMITMENT

Tamasuk aims to advance our ESG efforts by aligning and engaging with leading sustainability and equity-focused frameworks and initiatives.

We are doing this by embedding ESG considerations into our investment process and fostering diversity and inclusion among our team. In the coming year, we aim to collect and report ESG-focused data regarding our investments and projects, so stay tuned for further updates!

CEO's Word

As a leader in sustainable infrastructure investing, Tamasuk’s leadership embraces the complementary goals of value creation, environmental stewardship, and sustainable development.

Through our portfolio of sustainable infrastructure holdings, we invest in renewable power generation and sustainable social and digital infrastructure. The ultimate objective of our ESG Policy is to ensure that we apply exemplary ESG standards across our operations and investing activities in a manner aligned to global best practices.”

OUR PHILOSOPHY

Guiding Principles on ESG

Health, Safety, &
Wellbeing of Employees

  • Aim to have zero serious safety incidents by working towards the implementation of consistent health and safety principles across the organization.

Ethics & Fairness

  • Operate with high ethical standards by conducting business activities in compliance with applicable legal and regulatory requirements and Tamasuk’s Code of Business Conduct and Ethics.

Transparency

  • Strive to be accessible to investors and stakeholders and to be responsive to requests for information and timely in our communication

Environmental
Stewardship

  • Strive to minimize the environmental impact of operations improving efficient use of resources over time.
  • Strive to minimize the environmental impact of operations improving efficient use of resources over time.

Community
Responsibility

  • Strive to employ local talent. Almost xx% of our construction and operations personnel come from the communities where we operate providing local jobs and adding value to these economies.
  • Target at least 30% employment of women in workforce with appropriate representation at each professional level
  • Participate in philanthropy and empower employees to participate in giving back to the communities in which the Firm operates.

Our Initiatives

Al-Aradi Charitable Endowment

Tamasuk supports of the Al-Aradi Charitable Endowment. The Endowment was established by Sheikh Ahmed Hamdan Al-Aradi Al-Balawi and his family to support underprivileged populations in Saudi Arabia via projects, investment, and initiatives in the following areas:

Education

Entrepreneurship & Investment

Youth Initiatives

Empowering Local Communities

Construction & Social Infrastructure Care (Including Mosques)

Community Engagement & Empowerment

Scholarship

For More Information Please Visit The Al-Aradi Charitable Endowment Website

VISIT US AT WWW.ALARADI.ORG.SA

World of ESG

ESG In Our Portfolio

Tafila Wind Farm

Wastewater Treatment Plants in
Madinah, Buraydah and Tabuk

Al Ansar Hospital

  • Wastewater treatment plants in Madinah, Buraydah and Tabuk

    Tamasuk, alongside its partners Acciona Aqua and Tawzea are developing three new wastewater treatment projects in the cities of Madinah, Buraydah and Tabuk in the Kingdom of Saudi Arabia, having signed 25-year Sewage Treatment Agreements with Saudi Water Partnerships Company (SWPC) in 2022.

    The projects are expected to be fully constructed by [insert date] and once operational, will be able to receive, treat and deliver up to 440,000m3/day of sewage, producing treated sewage effluent which can be used by the municipalities for irrigation and landscaping. The design of these wastewater treatment facilities takes into account sustainable operations and maintenance as well as the Kingdom’s goal to maximise the used of renewed water from treatment plants for the Saudi Irrigation Organization (SIO).

  • DC2, Dammam, Saudi Arabia

    DC2 is a [X MW centre] currently under construction and is expected to achieve commercial operations in [insert date]. It is located in the same geographical region as DC1 and benefits from the same strict design and build specifications as DC1. Once completed, it will also be leased on a long-term basis to a hyperscale customer.

  • DC1, Dammam, Saudi Arabia

    DC1 is a newly constructed state-of-the-art that achieved commercial operations in [insert date]DC1 was developed by Quantum Switch Tamasuk (a joint venture between Quantum Switch and Tamasuk to develop hyperscale facilities in the Middle East). DC1 was designed and built according to strict hyper-scale requirements, uses top-grade equipment and is tier 3 rated by the Uptime Institute.

    DC1 operations are self-delivered by QST FM, that benefits from highly qualified personnel and best-in-class processes that comply with the industry’s most acknowledged certifications like ISO and Uptime Institute. QST FM assurances are supported by the industry’s next-level technologies using state-of-the-art Computer Aided Facility Management (CAFM) systems, BMS, PMS, and help desk.

  • NEOM CV 9-10

    Tamasuk is currently developing this 10,000 person Construction Village in NEOM, having signed a 7-year DBFOM agreement with NEOM in 2022. NEOM, which means “new future” is located in north west of the Kingdom of Saudi Arabia that will be made up of a number of regions – including the linear city THE LINE, a center for advanced and clean industries Oxagon, a mountain destination Trojena and a luxury island resort Sindalah. Once constructed, the villages will provide high quality accommodation to over 10,000 residents and workers and will serve as a vital backbone for the labor force required to build large-scale real estate projects in NEOM. Tamasuk has partnered with SATCO (as EPC Contractor and co-sponsor) for CV 9-10 and is also involved in the delivery of Facilities Management Services via a joint venture partnership between TOFM (its subsidiary) and Al Majal Arabi. CV 9-10 achieved financial close in April 2023 and will be handed over to NEOM in phases during 2023 and 2024.

  • NEOM CV 5-6

    Tamasuk is currently developing this 10,000 person Construction Village in NEOM, having signed a 7-year DBFOM agreement with NEOM in 2022. NEOM, which means “new future” is located in north west of the Kingdom of Saudi Arabia that will be made up of a number of regions – including the linear city THE LINE, a center for advanced and clean industries Oxagon, a mountain destination Trojena and a luxury island resort Sindalah.

    Once constructed, the villages will provide high quality accommodation to over 10,000 residents and workers and will serve as a vital backbone for the labor force required to build large-scale real estate projects in NEOM. Tamasuk has partnered with Al Majal Arabi (as EPC Contractor and co-sponsor) for CV 5-6 and is also involved in the delivery of Facilities Management Services via a joint venture partnership between TOFM (its subsidiary) and Al Majal Arabi. CV 5-6 achieved financial close in April 2023 and will be handed over to NEOM in phases during 2023 and 2024.

  • Al Ansar Hospital

    Tamasuk, alongside its partner Alghanim International are developing a 244 bed hospital in Madinah, having signed a 20-year Project Agreement with the Ministry of Health in 2023. Al Ansar Hospital PPP represents the first pilot project under the Hospitals PSP Initiative and will set the template for healthcare PPPs in KSA going forward.

    The project involves the development, construction and financing of a 244-bed public hospital and associated facilities for the MOH which will primarily be an emergency hospital for the pilgrims and local residents in the hospital’s area. The consortium is also responsible for the provision and long-term servicing and maintenance of the medical equipment for the hospital.

    Construction work commenced on Al Ansar Hospital in 2023 and the hospital is expected to be reach operational status during 2026.

  • Wastewater treatment plants in Madinah, Buraydah and Tabuk

    Tamasuk, alongside its partners Acciona Aqua and Tawzea are developing three new wastewater treatment projects in the cities of Madinah, Buraydah and Tabuk in the Kingdom of Saudi Arabia, having signed 25-year Sewage Treatment Agreements with Saudi Water Partnerships Company (SWPC) in 2022.

    The projects are expected to be fully constructed by [insert date] and once operational, will be able to receive, treat and deliver up to 440,000m3/day of sewage, producing treated sewage effluent which can be used by the municipalities for irrigation and landscaping. The design of these wastewater treatment facilities takes into account sustainable operations and maintenance as well as the Kingdom’s goal to maximise the used of renewed water from treatment plants for the Saudi Irrigation Organization (SIO).

  • Hyperscaler Data Centre Projects In Dammam, Saudi Arabia

    Tamasuk and Quantum Switch have formed a data centre development joint-venture company, called Quantum Switch Tamasuk (QST) to develop hyperscale data centre facilities in the Middle East. QST has signed 2 lease agreements with an international hyperscaler customer to design and build 2 new state-of-the-art data centers for cloud computing services delivery in Saudi Arabia. Once completed in 2022 and 2023, QST will carry out the facilities management of these data centers for the customer. The design of these data centers is based upon stringent hyper-scale requirements and is envisaged to be linked to clean energy for its electricity requirements as part of QST’s overall delivery strategy.