Metito pens $30mn Egyptian water contracts
UAE-based company awarded deals for four municipal treatment projects.
Metito has won contracts for four strategic municipal water projects in Egypt worth more than EGP220mn ($28.8mn).
The National Organisation for Potable Water and Sanitary Drainage (NOPWASD) awarded Metito with deals to develop the Arymon Waste Water Treatment Plant (WWTP) and the Shahidy Sewage Treatment Plant (STP), which are expected to be completed in 2016.
El Gharbia Company for Water and Waste Water, a division of HCWW, has also contracted Metito to perform a reconstruction and extension of the Muhalla Water Treatment Plant in El Mahalla El Kobra City.
The “multimillion Egyptian pound project” will see Metito build a new 70,000 m3/per day plant to treat water from the Nile River using Pulsator technology as a supplement to the two existing treatment plants.
This plant is being developed as a sustainable treatment solution that is also cost effective as compared to refurbishing the existing plants dating from 1920 and 1970 respectively, and losing on non-revenue water from possible obsolete facilities.
The Toshka Compact Surface Water Treatment Plant for The New Urban Communities Authority (NUCA), is the last of the four strategic project recently awarded and is set to be completed in Q4 2015.
Metito’s regional headquarters in Africa is based in Egypt, where the company has been active for many years developing sustainable projects in strategic locations.
Commenting on the healthy market activity Egypt has recently been witnessing, Karim Madwar, Metito Africa Managing Director, said: “Egypt will always be a key developing market for Metito and for the water and wastewater industry due to its strategic location, population growth and its inherent need for critical sustainable infrastructure solutions and facilities for both municipal and industrial applications.
“Concluding several years of political and economic volatility, Egypt’s economic recovery is now becoming steady with clear resurgence of smaller scale municipal projects important to the continued industrial development of the country, as well as large municipal projects critical to bigger needs of the Egyptian community; residential and commercial sectors alike.
“The projects we have been recently awarded are just four examples of this upturn that we see continuing. Our commitment to Egypt and to the Egyptians has never been compromised and we are now looking to play a role in helping the country leave the bottom of the investment cycle as we look forward to many more projects in the pipeline.”