UAE and Italy Enhance Water Security Through Strategic Alliances
The UAE and Italy have partnered to improve water infrastructure in the MEA region through three MoUs between Metito Utilities and Italian institutions. This collaboration aims to enhance water security and is aligned with Italy’s Mattei Plan and UN Sustainable Development Goals. Executive statements highlight the opportunities for growth in sustainable water solutions across developing markets, especially in Africa.
The UAE and Italy have established a significant alliance to enhance water infrastructure in the Middle East and Africa (MEA) region, which aims to improve water security for millions. Metito Utilities, a global leader in sustainable water management, has entered into three pivotal Memoranda of Understanding (MoUs) with prominent Italian institutions, including Cassa Depositi e Prestiti (CDP), SACE, and ACEA S.p.A. This partnership was formalized during the UAE-Italy Business Forum held in Rome in the presence of His Highness Sheikh Mohammed bin Zayed Al Nahyan and Italian Prime Minister Giorgia Meloni.
These strategic agreements represent a collaborative effort to revamp water infrastructure aligned with Italy’s Mattei Plan and the United Nations’ Sustainable Development Goals for clean water. By utilizing the combined strengths of CDP, SACE, and ACEA S.p.A., Metito Utilities aims to significantly accelerate the implementation of sustainable water solutions across regions in need.
Rami Ghandour, CEO of Metito Utilities, emphasized the unprecedented opportunities these partnerships present, stating their potential to facilitate sustainable solutions for water security. He noted the importance of integrating Metito’s experience with Italian financial and technical expertise to address critical infrastructure deficits in the water sector. This collaboration extends Metito’s commitment initiated through the Africa Water Infrastructure Development framework.
The agreement with CDP will provide crucial funding channels specifically targeting Africa’s Official Development Assistance (ODA)-eligible nations. Through this collaboration, Italian businesses are expected to benefit while meeting essential infrastructure demands in developing markets, thus fostering growth and sustainability in the water sector.
Through its partnership with SACE, Metito Utilities will introduce innovative financial and insurance solutions that will expedite project development across Africa, the UAE, and other regions requiring immediate attention. This initiative not only strengthens ties between the Italian industry and emerging markets but also promotes sustainable development practices.
The collaboration with ACEA S.p.A. is set to revolutionize sustainable water management methodologies, especially in Africa and the Middle East. Together, they will develop advanced treatment and desalination infrastructure, thereby delivering essential water security solutions to communities in dire need.
To maximize the impact of this collaboration, Metito Utilities aims to harness diverse financing options and leverage its project expertise to implement solutions outlined in its AWID framework, which focuses on climate-smart water projects, enhancing water security across the African continent.
In summary, the UAE-Italy alliance, marked by significant partnerships with Metito Utilities and leading Italian institutions, aims to profoundly enhance water security in the MEA region. By integrating financial and technical capabilities from Italy, this collaboration is not only poised to address pressing infrastructure needs but also to foster sustainable development in water management. This initiative underscores a joint commitment to ensuring access to clean water and improving lives in critical areas.
Original Source: www.cbnme.com
