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Tadweer Group + Dubal Holding to assume equal ownership of Enviroserve: Abu Dhabi-based waste management company Tadweer Group and investment firm Dubal Holding have acquired 100% of Dubai e-waste specialist Enviroserve, with each taking an equal 50% stake, according to a press release. Enviroserve is the only integrated e-waste processor in the Middle East, Africa, and the Caucasus region, and is known for recycling electrical and electronic equipment waste, the statement notes.
Enviroserve has a massive e-waste recycling facility in Dubai Industrial City: The company established The Recycling Hub, the world’s largest e-waste recycling facility, at Dubai Industrial Park in 2019. Spanning 280k sq feet, the AED 120 mn facility is able to process 100k tons of waste annually, including 39k tons of e-waste. The project is backed by the Swiss Government Export Finance Agency and handles waste such as consumer electronics and military avionics as well as refrigerant gas, aerosol cans, and light bulbs.
Dubal has been showing interest in green projects too: Dubal is an investor in Warsan Waste Management, where it is part of a consortium building one of the world’s largest single-site waste-to-energy facilities, according to its website. The firm also has a 50% share in Emirates Global Aluminum — a giant UAE aluminum manufacturer that has been working to decarbonize and recycle its production line.
