Resurgent Egyptian Economy the Stimulus for EGP222 Million of New Municipal Water Projects for Metito
Resurgent Egyptian Economy the Stimulus for EGP222 Million of New Municipal Water Projects for Metito
April 8, 2015
Metito involved in high profile strategic municipal water projects as economic recovery indicates new investment opportunities
07 April, 2015 – Metito, the leader and provider of choice for total intelligent water management solutions in emerging markets, has announced its participation in four strategic municipal water projects in Egypt worth more than EGP220 million.
Buoyed by a series of reforms by Egypt’s current government, the economic recovery of Egypt has taken robust steps in recent months as highlighted at the well-received Egyptian Economic Conference earlier last month. This positive wave of change has led to increased investment in many sectors, bringing back to life several infrastructure projects previously put on hold, as well as facilitating new ones.
Metito’s regional headquarters in Africa is based in Egypt, where the company has been active for many years developing sustainable projects in many 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,” he added.
With a longstanding partnership, the National Organisation for Potable Water and Sanitary Drainage (NOPWASD) assigned Metito 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.
Madwar concluded: “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.”
-Ends-