Metito Utilities, a leader in sustainable water management worldwide, has formed three Memoranda of Understanding (MoUs) with Cassa Depositi e Prestiti (CDP), SACE, and ACEA S.p.A. to initiate significant water infrastructure projects in Africa, the UAE, and other regions in need.
The agreements were formalized at the UAE-Italy Business Forum in Rome, attended by His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, and Italian Prime Minister Giorgia Meloni.
These strategic alliances support Italy’s Mattei Plan and the United Nations Sustainable Development Goals, highlighting the necessity of global collaboration in developing sustainable water infrastructure.
Enhancing UAE-Italy Ties
Metito’s partnership with CDP, Italy’s national development bank, will facilitate the financing of water initiatives in Africa’s Official Development Assistance (ODA)-eligible nations. This effort aims to address significant infrastructure deficiencies while generating business prospects for Italian firms.
Through its collaboration with SACE, Italy’s Export Credit Agency, Metito Utilities will gain access to innovative financing solutions and insurance services aimed at accelerating water infrastructure projects in Africa, the UAE, and other vital areas. This agreement is anticipated to strengthen economic ties between Italian industries and emerging markets while promoting sustainability goals.
Furthermore, Metito Utilities’ partnership with ACEA S.p.A., a leading provider of water, energy, and environmental services, will promote technological advancements in water treatment, desalination, and distribution systems across Africa and the Middle East. This collaboration aims to bolster water security and enhance access to clean water in regions facing critical shortages.
In line with its commitment to advancing climate-smart water initiatives, Metito Utilities will leverage its AWID framework—an industry-first platform designed to secure diverse funding sources for implementing large-scale infrastructure projects throughout Africa.
Rami Ghandour, CEO of Metito Utilities, stated, “As nations strive to achieve water security for their expanding populations, these partnerships unlock unprecedented opportunities for accelerating sustainable solutions. By merging Metito Utilities’ extensive experience with Italian expertise and financial resources, we are establishing a robust framework to tackle critical infrastructure challenges and improve water security across various markets. Building on our commitment to Africa, initiated with the Africa Water Infrastructure Development (AWID) in collaboration with British International Investment, these partnerships further demonstrate our dedication to fostering sustainable water infrastructure across the continent.”
Source :Technical Review
