Metito Re-launches Its Operations in The Kingdom of Saudi Arabia

Metito Re-launches Its Operations in The Kingdom of Saudi Arabia

Riyadh, Saudi Arabia – 5 June, 2012: Metito, the leading provider of total intelligent water management solutions in emerging markets, held a press conference today to formally re-launch its operations in The Kingdom of Saudi Arabia and its intention to invest half a billion Saudi Riyal (SAR 500M) in the water and waste water industry over the next 3 years. The press conference was hosted by Fady Juez, Metito Managing Director and in the presence of Salah Ackad, Metito General Manager in The Kingdom of Saudi Arabia. Abdullah Al Gholaikah, former governor of the Saline Water Conversion Corporation, SWCC, also attended the conference as a special guest of Metito.

During the conference, the water situation in the region and particularly in The Kingdom was discussed, and the most viable solutions to recycle and reuse water explored. Metito also shared a case study of one of its most prominent projects in the region utilizing technologies similar to those discussed.

The re-launch of Metito in The Kingdom of Saudi Arabia sees the resumption of a strong and valuable relationship that was first established in the late 60s, when Metito was primarily engaged in the supply of water desalination systems. Now, at the forefront of the water, desalination and wastewater industry and with a work force in excess of 2500 employees and a global project portfolio worth 1 billion US dollars, Metito returns as a provider for total water treatment solutions.

Commenting on the re-launch, Fady Juez said, “It is both honoring and exciting for us to resume our operations in The Kingdom, a market we feel forever indebted to. More than 40 years ago, Metito’s journey of success started here and since then we continued to develop as professionals, grow as a business and to refine our expertise to successfully expand in the Middle East, Africa, South East Asia”. “With that in mind, we were adamant to come back today to Saudi Arabia and harness our resources to build an operational backbone that can support Metito in playing an effective role in the development of the water, desalination and wastewater industry”, Fady Juez adds.

During the period Metito wasn’t operating in the Kingdom of Saudi Arabia, it continued evaluating the market and observing the local trends to better understand the services and solutions that may benefit the industry most. Through such assessments, Metito was able to structure its business model in The Kingdom to enable it to provide the needed services, supported by the company’s well established global knowhow that is honed through more than 50 years of refined industry experience.

Metito Saudi’s project portfolio now holds projects that are worth in excess of SAR 60M, in just one year of its recent come back. The company is planning to further grow these numbers and to support its operations through investing half a billion Saudi Riyals in the next three years. With this investment Metito cements its commitment to the Saudi market and pledge to continue honoring the long standing relation that was acquired over years of professional and world class quality operations in the Kingdom.