– UAE, Dubai – Mawaad Environmental Services, (formerly Ecofer Global Services) which provides critical services for the global steel industry with a focus on slag processing and metal recovery, has closed a $6.5M Series A funding after the company signed a 10-year operating agreement with Emirates Steel in Abu Dhabi and EZZ Steel in Egypt.
The round was led by Ahmed Sadek El Sewedy, who contributed half of the proceeds, Muhammed Yesilhark and Youcef Oudjidane, and also includes participation from several elite athletes in the U.K. including Kieran Gibbs, Henri Lansbury, Ross Barkley, and Jack Wilshere.
The Dubai based company, together with its subsidiaries in Abu Dhabi and Cairo, provides critical services for the global steel industry with a focus on slag processing and metal recovery.
Mawaad’s project with Emirates Steel commenced operations in the first quarter of 2020, while the Ezz Steel project is projected to start operations at the end of 2020.
For more information: https://mawaadservices.com/
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