Highlights
- Ownership of Abu Dhabi Waste Management PJSC (Tadweer) transferred to ADQ from the Government of Abu Dhabi
- Transfer complements ADQ’s prominent energy and utilities portfolio and its efforts in supporting the nation’s circular economy
ADQ, an Abu Dhabi-based investment and holding company, today announced the addition of Abu Dhabi Waste Management PJSC (Tadweer) to its energy and utilities portfolio. Pursuant to a law issued by the Ruler of Abu Dhabi, Tadweer was converted to a PJSC and full share ownership was transferred to ADQ from the Government of Abu Dhabi.
Tadweer joins ADQ's prominent energy and utilities portfolio, complementing its efforts in shaping the nation’s sustainable future and building an integrated portfolio of global champions within their diversified clusters. The transfer further solidifies ADQ’s position in supporting the deployment of circular economy principles and drive excellence across its expanding asset portfolio.
Tadweer is the sole custodian of waste management for the Emirate of Abu Dhabi committed to developing an integrated waste management sector and becoming a leader in extracting value from waste to contribute to national sustainability ambitions.
ADQ’s energy and utilities portfolio also 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).
About ADQ
Established in 2018, ADQ is an active global sovereign investor with a focus on critical infrastructure and supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ’s expanding portfolio has a total book value of USD 225 billion (as at 30 June 2024) and encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Instagram, LinkedIn, and X.
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