Abu Dhabi transfers Tadweer to ADQ portfolio

Abu Dhabi’s ADQ, an investment and holding company, has announced the addition of Abu Dhabi Waste Management (Tadweer) to its energy and utilities portfolio.

Tadweer was converted to a public joint stock company and its full share ownership has been transferred to ADQ from the Abu Dhabi government, ADQ said on Friday.

.@Tadweer_cwm is transferred to our energy and utilities portfolio to support the nation’s circular economy through our diversified portfolios.

Read more: https://t.co/VS6IZMfZTu #CreatingValue pic.twitter.com/IQU3vV9hmq

— ADQ (@Adq_Official) December 16, 2022

The transfer further solidifies ADQ’s position in “supporting the deployment of circular economy principles and drive excellence across its expanding asset portfolio,” ADQ added.

“Waste management is a cornerstone of a circular economy which contributes to a more sustainable future for the UAE,” said Hamad A. Alhammadi, executive director, energy and  utilities portfolio at ADQ.

“Tadweer is a valuable addition to our energy and utilities portfolio, particularly as it plays a vital role in extracting value through recycling and the reuse of waste. It complements our investments across key clusters in the local economy that are already contributing to a sustainable environment.”

Tadweer is the sole company handling waste management for Abu Dhabi. It aims to develop an integrated waste management sector and extract value from waste to contribute to national sustainability ambitions. The waste management company processed more than 1,860,000 tonnes of waste, including 88,382 tonnes of medical and hazardous waste, and handled 50,000 pest control requests during the first half of 2022.

Read: Abu Dhabi’s Tadweer processes more than 1,860,000 tonnes of waste in H1 2022

“Becoming part of the ADQ portfolio is a key milestone on our journey to transform Abu Dhabi’s approach to waste management,” added Ali Al Dhaheri, acting director general of Tadweer.

“Developing an integrated waste management sector remains fundamentally important to Abu Dhabi and the health and safety of its community.”

ADQ’s energy and utilities portfolio includes Abu Dhabi National Energy Company (TAQA), Emirates Nuclear Energy Corporation (ENEC), Emirates Water and Electricity Company (EWEC) and Abu Dhabi Sewerage Services Company (ADSSC).