M&A WATCH-

Egypt’s Sun Way acquires Go Solar and Green Solar: Egyptian renewable energy firm SunWay Egypt has completed its acquisition of Go Solar and Green Solar — two local firms operating in the installation and supply of solar energy projects — Sun Way Egypt CEO Ahmed Ghandour told Al Arabiya Business, without specifying the value of the transaction.

Next for Sun Way: The company is currently in talks with a number of EGX officials as it looks to list on the bourse. It has already grown familiar with the listing requirement and it aims to make its debut next year, Ghandour said.

WASTE MANAGEMENT-

Tadweer to build waste sorting facility in Abu Dhabi: The UAE’s Tadweer has issued tenders to establish Abu Dhabi’s first greenfield Material Recovery Facility (MRF), according to a statement. The plant will have the capacity to process 1.3 mn metric tonnes of waste annually and construction is set to begin by the end of the year with operations slated for 2026.

The details: The plant will sort recyclables from solid waste, reducing landfill use and producing materials for Abu Dhabi's waste-to-energy facility, the statement adds. The project will contribute to Tadweer Group's goal of diverting 80% of waste from landfills by 2030. The long-term plan for the facility also includes providing feedstock to produce sustainable aviation fuel.

Dubai launches new marine scraper to combat water pollution: Dubai has unveiled a smart marine scraper that will collect floating waste in creeks and water canals across the emirate, Wam reported. A new team has also been created to monitor water cleanliness.

The details: The marine scraper, which can carry 1k kg of waste, can be operated remotely with no range limit and is monitored via satellite at all times. The machine can be operated on 5G networks and is capable of identifying locations in need of clean-up.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Ooredoo + Seashore partner on e-waste recycling: Qatari telecommunications company Ooredoo and e-waste and recycling services company Seashore agreed to collaborate on sustainable e-waste management in Qatar. A trial for the initiative was launched in 2023, where customers would bring unwanted devices to Ooredoo stores to be collected by Seashore. (Statement)
  • Electric buses helped Qatar cut 43 mn kg of emissions: Integrating electric buses in Qatar’s public transport system helped the country offset 43 mn kg of CO2. Qatar is operating around 900 electric buses and aims to switch all public transport to electric by 2030. (The Peninsula, pdf)
  • Egypt + OECD talk green policy: Egypt’s Environment Ministry and the Organization for Economic Cooperation and Development (OECD) discussed drafting a roadmap for green growth policies in Egypt. (Statement)
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