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Monday, 19 December 2022

ADQ is now the new owner of Abu Dhabi’s Tadweer

ADQ adds Tadweer to its portfolio: The Abu Dhabi government transferred its ownership of Abu Dhabi Waste Management (Tadweer) to sovereign wealth fund ADQ, according to a statement. The value of the transaction was not disclosed.

Tadweer manages the waste of the Abu Dhabi emirate, reporting a production capacity of over 1 mn tons of products from recycled waste materials collected from the emirate in 1H 2022.

ADQ has quite a few green-focused players under its belt: The Abu-Dhabi investment company’s subsidiaries include Emirates Nuclear Energy Corporation and Abu Dhabi National Energy Company (Taqa).

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