Abu Dhabi’s ADQ expands utilities portfolio with addition of ENEC

Abu Dhabi’s ADQ expands utilities portfolio with addition of ENEC

Abu Dhabi-based holding company ADQ has taken full ownership of the Emirates Nuclear Energy Corporation's (ENEC) shares.

According to a decree issued by Abu Dhabi Executive Council, full ownership of UAE's nuclear energy body were transferred to ADQ with immediate effect.

Mohamed Hassan Alsuwaidi, chief executive officer of ADQ, said: "We welcome ENEC to our portfolio of companies which comprises some of Abu Dhabi's most successful and ambitious enterprises. We are working closely with our utilities companies, including TAQA, EWEC, ADSSC and now ENEC, to advance our nation's solid infrastructure that is vital for supporting the growth and development of many sectors of the economy.“

"We are pleased to join ADQ, as part of our commitment to advancing Abu Dhabi's long-term economic diversification. We remain fully committed in our quest to delivering