The file
Ten facts, stated plainly
What the consortium is, where it stands and who stands behind it. The process and the open seats have their own pages.
- Name
- Alternative Energy Resource Consortium
- What it is
- A consortium concept converting municipal solid waste into refuse derived fuel at a designed 7,500 tonnes per day
- Project size
- About USD 500M, waste management
- Stage
- Concept. Consortium agreements signed by every stakeholder
- Company
- Operating company being registered with Dubai DED
- Municipal partnership
- In development, not signed
- Founder and Board Director
- Adnan Feroz, since 2026
- Built with
- Abdulla Bin Mujren Investment Group
- Programme
- Initiative 12, resource recovery, of the Canada to UAE bilateral pipeline
- Group
- Part of the Adnan Feroz Group, founded by Adnan Feroz
Founder and Board Director
Adnan Feroz
A Canadian dealmaker based in Dubai and the founder of the Adnan Feroz Group. He conceived AERC, assembled its partners and negotiated the consortium agreements, and sits on its board as Founder and Board Director. The consortium was built in collaboration with Abdulla Bin Mujren Investment Group, for which he holds a written global mandate.
The group's other companies carry the pieces AERC needs around it: capital advisory through Pinnacle Wealth Advisory, and the Canada to UAE corridor through WeOpen.ca, where AERC is Initiative 12. His full story is on adnanferoz.com.
- ConceivedAdnan Feroz conceives the consortium and assembles its partners.
- NegotiatedThe consortium agreements are negotiated and signed by every stakeholder.
- January 2026Agreements signed. Adnan Feroz takes the board seat as Founder and Board Director.
- NowOperating company in registration with Dubai DED. Technology, logistics and plant mapping under way. Municipal partnership in development.
- NextFunding partner, operating partner, off takers and technology partners join. The seats are on the partners page.
On the record
A principal who joined the consortium
We gave Adnan a written global mandate to represent our fourteen-company group because of who he can bring to the table and what he does once they are there. He put us in front of Edward Karr on US gold, Peter Lee of Fast Pay in the UK, Vikram Jain of Galaxy Weblinks in Boston, Alnoor Dhrollia, a copper-mine owner in the DRC, and Canadian officials at three levels of government, and he brought us into the AERC waste-to-energy consortium. He reads the room, structures the terms and gets to a signature. He opens doors we did not know existed.
Asif Zafar, Group CEO and Managing Partner, Abdulla Bin Mujren Investment Group (partner statement, 2026)
Also from the Adnan Feroz Group
Partner with AERC
Funders, operators, off takers and technology partners. Two questions, then your details. The concept summary follows, and the consortium brief under NDA.
We use one analytics cookie to see which pages help people. Privacy