Mawaad Environmental Services
Country: U.A.E.
Date of establishment: 2018
Founders: Ismail Fahmy
Mawaad Environmental Services processes materials and recovers resources using metal recovery technology to cut costs in heavy industries. In the first half of 2021, the startup processed and sold 300,000 tons of steel slag, enabling a more circular economy in the region. It operates in both the GCC and Egypt, and counts Emirates Steel and Ezz Steel as clients. The company has raised $7 million since its inception. Founder Ismail Fahmy has 15 years of experience in renewables.