The UAE and Italy have partnered to enhance water infrastructure in the MEA region, focusing on sustainable solutions. Metito Utilities signed three MoUs with prominent Italian institutions at the UAE-Italy Business Forum, impacting millions’ water security. This initiative aligns with sustainable development goals and emphasizes collaboration with Italian entities to address urgent infrastructure needs.
The United Arab Emirates (UAE) and Italy have established a strategic partnership aimed at enhancing water infrastructure across the Middle East and Africa (MEA) region. This initiative is set to significantly improve water security for millions. Metito Utilities, a provider of sustainable water management solutions, has formalized three crucial Memoranda of Understanding (MoUs) with prominent Italian institutions during the UAE-Italy Business Forum in Rome.
The agreements were signed in the presence of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, and Italian Prime Minister Giorgia Meloni. The partnerships with Cassa Depositi e Prestiti (CDP), SACE, and ACEA S.p.A. will catalyze transformative developments in water infrastructure, thereby enhancing the quality of life in regions with acute water needs.
These collaborations align with Italy’s Mattei Plan and the United Nations’ Sustainable Development Goals, focusing on clean water and sustainable communities. By capitalizing on the expertise and resources of CDP, SACE, and ACEA S.p.A., Metito Utilities aims to accelerate the implementation of sustainable water solutions in critical markets.
Rami Ghandour, CEO of Metito Utilities, emphasized the significance of these partnerships in fostering unprecedented opportunities to enhance water security. “By combining Metito Utilities’ extensive experience with Italian expertise and financial capabilities, we are creating a powerful framework to address critical infrastructure needs.” This initiative, linked to the Africa Water Infrastructure Development (AWID) project, underscores a commitment to sustainable development in Africa.
The partnership with CDP opens essential funding channels specifically targeting Africa’s Official Development Assistance-eligible nations. By aligning with Italy’s development goals, this collaboration supports Italian businesses while addressing vital infrastructure challenges in developing markets.
The cooperation with SACE will introduce innovative financial solutions and insurance mechanisms, stimulating project developments across Africa and the UAE. This initiative will strengthen ties between Italy’s industrial sector and emerging markets, promoting both economic growth and sustainable advancement in water management.
Additionally, collaboration with ACEA S.p.A. will drive innovative approaches to sustainable water management across Africa and the Middle East. Together, both entities will revolutionize the establishment of treatment plants, desalination facilities, and distribution networks, delivering advanced water security solutions to communities in need.
To optimize opportunities in the African market, Metito Utilities will deploy diverse capital sources and leverage its expertise to execute planned projects under the AWID framework, aimed at enhancing water security throughout the continent.
The collaboration between the UAE and Italy marks a significant step towards improving water management in the MEA region. By leveraging the strengths of key Italian institutions, Metito Utilities aims to implement sustainable solutions that enhance water security for millions. This partnership not only addresses critical infrastructure needs but also aligns with international development goals, paving the way for economic growth and improved community resilience in water management.
Original Source: www.cbnme.com
