Metito circles potential acquisition in Turkey
07 Nov 18 by Carl Myers
Metito, the Dubai-based water treatment company, is eyeing an acquisition in Turkey, reports The National.
In an interview with the Emirati business media outlet, Metito managing director Fady Juez signalled the potential deal, which it anticipates will extend its reach into the Commonwealth of Independent States (CIS), an alliance of 10 former soviet countries in Eurasia.
Metito is aiming to double current annual revenues to reach $1 billion by 2020.
The Iraqi drinking water market was also mentioned as a potential driver of new business, with more projects likely to gain backing from commercial finance houses following the formation of a new government there. Metito has constructed four drinking water projects in Baghdad, Iraq, and expects more to be required to serve communities in and around Basra.
Comments
Login on register to comment
Related content
Desalination
A world leader committed to preserving resources through desalination and reuse
The Group designs
Desalination
Leading expert delivers online masterclass on membrane fouling
There is only one week left to register for this exciting new format of online event and deepen your understanding of membrane fouling in only one hour.
Desalination
Singapore International Water Week Turns 10 Years: Celebrating a Decade of Accomplishment in the Global Water Industry
The Singapore International Water Week (SIWW) is the world's premier platform to connect the water industry for innovative solutions and sustainable urban water management. The biennial event gathers stakeholders from the global water industry to share best practices
Related supplier content
Desalination
Great results with Osmotech® for RO make-up water
Reduction of total operational costs even in limit make up water conditions
Desalination
Great results with Osmotech® for RO make-up water
Reduction of total operational costs even in limit make up water conditions
Desalination
Our Project history
The list is an example of the work successfully completed by SO4 Offshore engineers