FINANCIAL NEWS

UAE’s Metito plans USD133m investment in Saudi Arabia

06 Jun 2012

(MENAFN) Metito, the water management solutions firm, plans to invest USD133 million in Saudi Arabia, a market it first entered more than 4 decades ago, over the next three years, reported Arabian Business.

The company said it has USD16 million worth of projects in the Gulf kingdom and is planning to further grow these numbers and to support its operations through investment.

Metito, which first launched operations in Saudi Arabia in the late 1960s, said it returns as a provider for total water treatment solutions.

Metito, which was primarily focused on the supply of water desalination systems, has a work force of over 2,500 employees and a global project portfolio worth USD1 billion.

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