Metito and Berlinwasser form joint venture firm in Dubai

27 October 2008
UAE-based water and wastewater specialist Metito has formed a joint venture company with Germany’s Berlinwasser.

The new company, Metito Berlinwasser, plans to spend $1bn over the next three years. The joint venture is 60 per cent owned by Metito Utilities and 40 per cent by Berlinwasser International, with headquarters in Dubai.

Metito Berlinwasser will focus on long-term government projects including operating and maintenance contracts, and investments in water and wastewater infrastructure. Berlinwasser and Metito will continue to run their existing businesses in tandem with the new company.

The two firms have also formed a strategic partnership to develop and invest in water and wastewater schemes in China.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications