Emirati Company Funds $90M Water Project in Namangan
Metito Utilities, a company based in the United Arab Emirates, is making significant strides in Uzbekistan with a focus on sustainable water resource management. In an interview with Trend, the company’s General Manager, Rami Gandour, shared details about their latest initiatives in the region.
One of the key projects that Metito is spearheading is a pioneering public-private partnership (PPP) in the water sector in the CIS region. They have secured the tender for the construction of a wastewater treatment facility in Namangan, with a project value of approximately $90 million. This facility will have the capacity to process 100,000 cubic meters of wastewater per day and will also involve the installation of 7.5 kilometers of sewerage networks. The project is set to span 25 years, with the initial two years dedicated to construction.
Gandour emphasized that this project is a significant milestone for the water treatment sector in the CIS region, showcasing best practices in sustainable water management. He believes that this initiative will drive innovation and promote sustainable growth in the region.
Metito is currently working with partners to finalize the financial closure phase for the project, after which construction will begin. Additionally, the company is also working on a project to modernize pumping stations in the Namangan region, with the scope of the initiative expanded following an amendment signed during an official visit by Uzbekistan’s President Shavkat Mirziyoyev to the UAE.
Metito’s commitment to sustainable development is evident in its operations, and Uzbekistan is seen as a key market for introducing innovative water infrastructure solutions in the region.
About the company, Metito is an international company headquartered in the UAE, specializing in sustainable water resource management. With operations in over 50 countries, Metito offers solutions for water treatment, desalination, water supply, and wastewater management. The company works with both public and private clients and is a key player in the global water infrastructure market.
Key shareholders of Metito include The Arab Energy Fund (TAEF), a financial institution with a focus on environmentally and socially focused projects, and Zamil Group Investment Company, the investment arm of one of Saudi Arabia’s largest family-owned conglomerates.
