Tadweer Group, DUBAL acquire e-waste company Enviroserve

Tadweer Group and DUBAL Holding have announced their acquisition of Enviroserve, an e-waste specialist. The companies will each hold an equal stake in the company.

Established in 2004, Enviroserve has the region’s only integrated e-waste processing hub spanning the Middle East, Africa, and Caucasus region.

Ali Al Dhaheri, managing director and CEO of Tadweer Group, stated, “Our acquisition of Enviroserve underscores our commitment to investing in innovative solutions and realising the potential of the circular economy.”

Tadweer has established its position as a pioneer in waste management and driving a sustainable future. The company incorporates state-of-the-art and modern technologies to ensure successful operations, while supporting Abu Dhabi’s Environment Vision 2030 and the UAE’s Net Zero by 2050 ambitions as well.

Read: MOCCAE, Tadweer partner to decarbonise waste management

Commenting on the acquisition, Ahmad Hamad Bin Fahad, CEO of DUBAL Holding, emphasised the shared goal of fostering sustainable practices. “This collaboration signifies our dedication to setting new standards in responsible e-waste management and creating a positive environmental impact,” he said.

Read: E-waste volume could hit 82 million tonnes by 2030

Enviroserve: A  journey of sustainability

Stuart Fleming, co-founder and CEO of Enviroserve, expressed optimism about the company’s future under the stewardship of Tadweer Group and DUBAL Holding. “Preserving the planet requires forward-thinking approaches to recycling and waste management. I am confident that this acquisition will propel Enviroserve’s mission to offer world-class recycling services and contribute to environmental sustainability,” he commented.

Brian Wilkie, co-founder and chairman of Enviroserve added: “When Stuart and I founded Enviroserve in 2004, we dreamed of being among the largest recyclers in the Middle East. That dream came true in 2018 with the opening of The Recycling Hub in Dubai Industrial City.

“Now, with the nomination last year at COP28 of Enviroserve’s ‘National Asset’ status and its acquisition by two such excellent organisations, we are proud to have played an important part in the UAE’s sustainability strategy.”

In other news, Tadweer has initiated closed bidding for Abu Dhabi’s first greenfield Material Recovery Facility (MRF), which will play a key role in fostering a circular economy.

This advanced facility aims to divert municipal solid waste from landfills through recycling, supporting Abu Dhabi’s ambition to divert 80 per cent of waste by 2030.

The MRF will promote local investment and offer job opportunities. It will have an annual capacity of 1.3 million metric tonnes. It will cover 90,000 square metres in Al Mafraq Industrial area.

Construction on the facility starts in the second half of the year, targeting operations by 2026.