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PPP projects to reduce cost of water production
- United Arab Emirates: Wednesday, May 23 - 2007 at 13:19
- PRESS RELEASE
Metito, the international desalination, water, and wastewater treatment specialist, stressed on the cost benefits, financial viability and overall community development of outsourcing water treatment services to the private sector at the 3rd Annual Project Finance in the Middle East which was held at the Shangri-la hotel in Dubai.
Robert Smith Concession Specialist at Metito said, "PPP comes with a lot of benefits such as cost savings, efficient facility management, and comprehensive environment stewardship. Our PPP approach is to integrate the public sector, community as well as our professional engineering services to provide adequate safe water and sanitation for all."
Over the last few years PPP has started to take shape across several industries in GCC countries such as Saudi Arabia, Oman and Egypt. Water and waste water investment in the region is expected to reach a staggering AED 441 billion over the next decade thereby providing a substantial expansion platform for PPP in the Middle East. This expansion will help create jobs in the private sector; provide quality services and facilities for citizens and stakeholders, and lift much of the burden of development from the already overloaded shoulders of the public sector.
He added "Inappropriate cost recovery is another problem in the Middle East mainly caused due to leakages in the existing distribution system, losses due to faulty water meters and unknown connections. Water must be managed as a social good and supported with sound economics. A lack in an appropriate tariff to cover basic production and investment costs will lead to a huge misuse of water. Inappropriate cost recovery, limited use of targeted subsidies and lack of sound investment planning are a few issues which can be addressed through PPP projects."
Metito, founded in 1958, is a shining example of a Middle Eastern company that has grown to be a world leader in its field. Metito operates locally in 14 countries of the Arab and Islamic World, and supplies its plants internationally to locations as far apart as Argentina and Australia from its base in the United Arab Emirates. Some of the company's notable achievements in 2006-07 include high purity demineralised water supply for Jebel Ali and Umm Al Nar power projects in UAE, drinking water supply to Kandahar in Afghanistan and high quality water supply for North Rumaylah project in Iraq.
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Notes and media contacts
About MetitoMetito is a leading international company in the provision of desalination, water supply and wastewater treatment projects and services. It serves a global client base in Europe, Asia and Africa with engineering, design, plant manufacturing and chemical production facilities in the UAE.
Commitment to a Cleaner Environment
For more information contact:
Tarek Lasheen or Abhishek Savant, NettResults Public Relations
PO Box 72587, Dubai, United Arab Emirates
t: +971 4 331 1593 f: +971 4 331 1562
www.NettResults.com
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