Entitled "Leading by Green Example", Forbes Middle East featured in the cover of its 20th Issue (December 2013) TAD Group CEO, Khalid Albawardi. In connection to this, Forbes awarded Khalid with the most creative business leader award for his efforts to turn waste into a fortune that TAD is today.
In the feature story, the role of TAD Group in environmental management and leadership in the area of hazardous waste management was highlighted within the backdrop of a growing relevance of waste mitigation in a vastly urbanizing Middle East society.
The challenges and risks associated with hazardous waste movement and disposal was also emphasized, mentioning that it takes a great deal of specialized experience and expertise like TAD to get the job done with proper authorizations and assurance of final disposal of waste in an environmentally sound manner.
“There are very strict regulations in shipping hazardous waste...you will need to deal with as many as four to eight countries at the same time, and any delay by one, will delay your de- livery,” shares the CEO. He adds that it can also be extremely dangerous to work in conflict zones because of the security challenges.
Visit Forbes Middle East website for the full story here.
TAD Group, otherwise known as Tadawulat, was ranked Number 23 in Saudi Fast Growth 100 list of successful and highly-performing companies. For view of the full listing click here. The Saudi Fast Growth 100 was created in 2008 by the Saudi Arabian General Investment Authority's (SAGIA) National Competitiveness Center with joint founding partners Al-Watan Newspaper and AllWorld Network. Joining the initiative, as Strategic Partners are the National Commercial Bank, Sukoon International, and Siraj Capital. It is a national program to promote entrepreneurship and innovation in Saudi Arabia that ranks the fastest-growing emerging companies in the Kingdom. Read more
A Saudi Arabia-based company is deriving rich dividends from waste disposal business, showing a good business model.
Tadawulat, the only GCC-based company that manages hazardous wastes, has grown at 42 percent annually for the past few years. Amid the hoopla of mainstream commodities doing comparatively well during the financially tough 2009, there is news of a rather unnoticed commodity faring better in the GCC. The company is paid by firms wanting to dispose off their wastes, but cannot do so in the open because of municipality regulations.Tadawulat collects the wastes and transport to European plants to dispose them off.
As the majority of regional petrochemical producers are clustered in the GCC group of nations and typically based on the Arab peninsula, sophisticated and reliable logistics and shipping operations are absolutely vital to success in supply as the majority of clients are based in the Far East.