Dubal Holding Company, the investment arm of the Dubai government in the commodities, mining, energy, electricity, and industrial sectors, concluded a strategic deal with BioD, the largest biodiesel manufacturer in the United Arab Emirates, to acquire a majority stake in the company.

This strategic partnership aims to strengthen the UAE’s position in the global green economy and enhance the two companies’ commitment to environmental sustainability and innovation in the energy sector. BioD is known for converting used cooking oils and palm oil factory water into clean biodiesel and is the only operator of a second-generation biodiesel plant in the GCC region, reflecting its leadership in green technology.

Dubal Holding, which focuses on sustainable and green investments, noted that this investment enhances Dubai’s vision for a green economy and supports sustainable development. This partnership is in line with their strategic goals of supporting environmentally responsible and innovative companies, Ahmed bin Fahd, CEO of Dubal Holding, said.

This cooperation is not just an investment in our company but rather a testament to our shared vision for a sustainable future, BioD CEO Shiva Vij added. He added that he was proud to contribute to strengthening the green economy in the UAE and moving forward in the field of renewable energy with the support of Dubal Holding. Vij concluded by praising the role of their advisors at Ideal Capital for their crucial support.