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Dubai, United Arab Emirates – DUBAL Holdings – the investment arm of the Dubai government, focusing on the non-ferrous metals, recycling, energy and industrial sectors – and Imdaad, a Dubai-based group of companies providing integrated, sustainable facilities management (FM) services, improving Operational Efficiency of Tangible Assets, signed a Memorandum of Understanding (MoU) to explore and invest in projects aimed at boosting the recycling and sustainability sector in the UAE.
Jamal Abdulla Lootah, Chief Executive Officer of Imdaad Group, and Ahmad Hamad Bin Fahad, Chief Executive Officer of DUBAL Holding LLC, signed the agreement at a ceremony on 20 October 2022 at Dubal Holding’s offices in Dubai Medical City.
Under the MoU, DUBAL Holding and Imdaad will establish a collaborative institutional framework to review new initiatives in environmental protection projects in the UAE, including co-investment and development of such projects in support of the Dubai government’s sustainability initiatives.
Commenting on the partnership, Jamal Abdulla Lootah, CEO of Imdaad Group, said: “As a leader in the facilities management industry, setting the bar for service excellence, product innovation and community development, Imdaad has a strong track record in achieving sustainability through the environment. track record. Products and practices and various efforts to increase environmental awareness. We seek to further this commitment through a new partnership with DUBAL Holdings, building on our longstanding relationship. A new addition to our FARZ facility program The extensive waste treatment, recycling and energy recovery projects will contribute to the UAE’s sustainable development efforts and compliance with the UAE Circular Economy Policy, Integrated Waste Management Strategy 2021-2041 and Dubai’s Clean Green Development Goals 2050 Energy Strategy.”
Ahmad Hamad Bin Fahad, CEO of DUBAL Holding LLC, said: “At DUBAL Holding, we have been committed to nurturing sustainable technologies to advance the UAE’s ambition to achieve a circular economy. This MoU is an important step in our efforts to explore new avenues that will Will boost the overall development of the country’s economy and sustainable development sector. By partnering with Imdaad, we aim to help Dubai achieve its goal of sending zero waste to landfill by 2030. Furthermore, this collaboration is in line with our assessment and funding of Initiatives and projects that contribute to the realization of the Dubai Industrial Strategy 2030 and Dubai Energy 2050 Strategy, position the UAE as one of the global leaders in this emerging sector.”
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About Imdaad
Imdaad is a Dubai-based group of companies providing integrated, sustainable facilities management services to improve the operational efficiency of physical assets. Founded in 2007, the company is headquartered in Dubai with offices and branches throughout the UAE, including Abu Dhabi. Imdaad’s complete turnkey solutions include Integrated FM, Hard FM and Home-Pro, as well as environmental services such as solid waste and wastewater management and power leasing. In addition, Imdaad’s facility management intelligence platform, Imtedaad, provides real-time insights into the performance and trends of connected assets and ecosystems to recommend predictive maintenance and corrective actions. Due to its personalised business model based on providing cost-effective and sustainable services, Imdaad has grown to be the partner of choice for UAE and GCC clients. The company has a multicultural workforce, including 9,000 skilled employees from 45 countries. For more information, visit www.imdaad.ae.
About DUBAL Holdings LLC (DH):
DUBAL Holding LLC (DH), established in 2014, is an investment institution of ICD investing in non-ferrous metals, recycling, energy and industrial sectors. DH’s current asset portfolio includes a 50% stake in Emirates Global Aluminium (EGA), a 60% stake in OSE Industries LLC, a minority stake in the Dubai Waste Management Centre project and a minority stake in Warner Carbon, a calcined petroleum coke facility based on China
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