Metito in deal with Italian groups to boost MEA water infrastructure
Metito Utilities, a global investor, developer and operator of sustainable water management solutions and climate-resilient water assets, said it has signed three landmark MoUs with leading Italian institutions this week.
These are Italy's national promotional institution and development bank, Cassa Depositi e Prestiti (CDP), Sace – Italy's Export Credit Agency and insurance–financial group, and Acea, a major industrial group in the water sector and a leader in environmental and energy services.
The agreements, formalised during the UAE-Italy Business Forum in Rome and signed in the presence of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, and Italian Prime Minister, Giorgia Meloni.
These strategic partnerships set the stage for transformative water infrastructure developments that will enhance water security and improve millions of lives across Africa, the UAE, and other regions where water infrastructure is critically needed, said Metito Utilities in a statement.
These collaborations usher in a new era of Italy-UAE cooperation in sustainable water infrastructure, fully aligned with Italy's ambitious Mattei Plan and the United Nations' Sustainable Development Goals for clean water and sustainable communities.
By leveraging the combined expertise and resources of CDP, Sace and Acea, Metito Utilities is set to accelerate the deployment of sustainable water solutions across key markets, it stated.
Rami Ghandour, CEO of Metito Utilities, said: "As countries work to achieve water security for their growing communities, these partnerships create unprecedented opportunities to accelerate sustainable solutions. By combining Metito Utilities extensive experience with Italian expertise and financial capabilities, we are creating a powerful framework to address critical infrastructure needs and enhance water security across multiple markets."
"Building on our commitment to Africa initiated with Africa Water Infrastructure Development (AWID) launched with British International Investment, these collaborations further underscore our dedication to developing sustainable water infrastructure across the continent," he stated.
The collaboration with CDP opens vital funding channels for water infrastructure, with a particular focus on Africa's Official Development Assistance (ODA)-eligible nations.
By aligning with Italy's development goals, this initiative creates opportunities for Italian businesses while addressing critical infrastructure needs in developing markets.
The strategic co-operation with Sace will bring innovative financial solutions and insurance mechanisms to accelerate project development throughout Africa, the UAE, and other high-need regions, strengthening the ties between Italian industry and emerging markets, fostering both economic growth and sustainable development in the water sector.
Working with Acea, a leader in water and energy services, Metito Utilities will spearhead innovative solutions for sustainable water management across Africa and the Middle East.
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