Dubai PR Network, Online Press Release from Dubai and Middle East
 
(Energy and Industry)
Filter PR by
  
Abdul Latif Jameel Energy expands role in Middle East water sector
 
  • Agreements in Egypt and Bahrain open up new markets for company
  • Follows recent contract wins in Saudi Arabia and Kenya
 
May 12, 2019:  Abdul Latif Jameel Energy has stepped up its active participation in the Middle East’s water sector with two agreements expanding its presence in Egypt and Bahrain. 
 
Almar Water Solutions, Abdul Latif Jameel Energy’s dedicated water solutions unit, formed a joint venture with HA Utilities (HAU), part of Hassan Allam Holding (HAH), to provide sustainable water infrastructure solutions to municipal and industrial clients across Egypt. 
 
Drawing on the extensive sector experience of both companies, the JV will work on developing sustainable water solutions, including water and wastewater management, and BOT[1] and BOO[2] projects in Egypt.  The JV also intends to take an active role as a Special Purpose Vehicle (SPV) investor and an Operation and Maintenance (O&M) supplier, as well pursuing new greenfield projects, and exploring acquisitions of brownfield assets and O&M service companies.  
 
In a second, separate deal, Almar acquired Mubadala Infrastructure Partner’s water investment in Muharraq STP Company (MSC), which has a 29-year concession to build, own and operate a 100,000 cubic meter/day, state of the art wastewater treatment plant and sewer conveyance system in the Kingdom of Bahrain.  The conveyance system includes the first 16.5 km deep gravity sewer trunk pipeline in the GCC region and a wastewater collection network.
 
Speaking on the agreements, Fady Jameel, Deputy President and Vice Chairman of Abdul Latif Jameel, said: “Governments across the region are pursuing ambitious policy programmes, such as Vision 2030 in Saudi Arabia, and sustainable development and resource management is key to their success.  These investments follow our strategy to own and operate water assets in the region and beyond. 
 
The Middle East and Africa faces some of the most pressing water challenges anywhere in the world as rapid development and growing populations put pressure on already scarce water resources.  Almar’s expertise in desalination and waste-water management can help meet this growing demand.” 
 
These transactions mark further significant steps forward for Almar Water Solutions and Abdul Latif Jameel Energy’s growth across the region, which has recently included winning contracts to develop one of the world’s largest desalination projects in Al Shuqaiq on the Red Sea coast of Saudi Arabia, and Kenya’s first large-scale desalination plant in the county of Mombasa, which together will supply drinking water to close to three million people.


Posted by : Dubai PR Network Editorial Team
Viewed 13066 times
PR Category : Energy and Industry
Posted on : Sunday, May 12, 2019  12:01:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Etihad ESCO signs Contracts with Sharaf Electronics to retro...
Next Story : Schneider Electric Affirms Role in Strengthening Digital Tru...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Korea's Number One Beauty Brand Innisfree All Set to Celebrate the Grand Opening at the Du... [9412-Views]
6 Trends That Will Dominate Beauty in 2020 According to Foreo [8479-Views]
Made in Italy: Top Picks from the Latest Deborah Milano Make-Up Range [8442-Views]
Sephora: Are You Ready to Join the #SephoraSquad? [8253-Views]
Emirates Post Issues Set of Commemorative Stamps for the New Logo for People of Determinat... [8223-Views]
How to Beat Pigmentation with DERMAdoctor [8223-Views]
Introducing Zeitun Premium Face Care Collection [8009-Views]
Spoil her this Mother's Day with gifts from Marks & Spencer [7735-Views]
Rate Hawk is Live with Global Innovations Flagship Product TassPro and Itinerary [7485-Views]
Cerruti 1881 - Special Product Launch for Mother's Day [7283-Views]
Achieve Gorgeous and Radiant Skin in Only 90 Seconds [6838-Views]
Enjoy a Selection of Anti-Aging Products from Beauty Solutions [6789-Views]
Swatch X 007 – Introducing the New James Bond Collection and Limited Special Edition [6088-Views]
Marks & Spencer, Britain's Best Loved Denim [5789-Views]
Ferragamo Sapphire Collection [5734-Views]
Tag Heuer Opens Boutique at Mall of the Emirates [5496-Views]
HRH the Prince of Wales Officially Opens the National Automotive Innovation Centre [5460-Views]
Dubai Chamber Honours Top-performing Trading Companies [5411-Views]
TBO Holidays Hotel XML API Integrated with TassPro and Itinerary HomePR & EventsTBO Holida... [4746-Views]
The Award-winning #burjumanfoodart Festival is Back by Popular Demand! [4575-Views]
HH Sheikh Mansour bin Mohammed Visits Dubai Sports Council [4459-Views]
Marks & Spencer Unveils its All New Menswear [4264-Views]
Etihad Airways to Operate Special Flights From Al Ain to Jeddah During Ramadan [4154-Views]
Mall of Oman Onboards a Host of Global Lifestyle, Fashion, and F&B Brands Ahead of Its 202... [4069-Views]
Visit of Punjab Minister at Al Maya Stand @ Gulfood 2020 [3977-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories