The UAE and Italy have partnered to enhance water infrastructure in the MEA region through three significant MoUs signed by Metito Utilities with Italian institutions. This collaboration aims to address water security challenges in Africa and promote sustainable development. Key partnerships with Cassa Depositi e Prestiti, SACE, and ACEA S.p.A. will foster innovative water management solutions and create funding avenues in critical regions.
The United Arab Emirates (UAE) and Italy have forged a significant alliance aimed at enhancing water infrastructure across the Middle East and Africa (MEA) region. Aimed at improving water security, this collaboration is centered around three key Memoranda of Understanding (MoUs) signed by Metito Utilities with esteemed Italian institutions including Cassa Depositi e Prestiti, SACE, and ACEA S.p.A. These agreements were formalized during the UAE-Italy Business Forum in Rome, witnessing the participation of prominent leaders from both nations.
This partnership marks a new chapter in Italy-UAE cooperation regarding sustainable water management, aligning with Italy’s Mattei Plan and the United Nations’ Sustainable Development Goals. The collaborative efforts will utilize the distinct expertise and resources of the involved Italian institutions, with the goal of providing innovative and sustainable water solutions to regions in urgent need.
Rami Ghandour, Chief Executive Officer of Metito Utilities, emphasized the significance of these partnerships, stating that they create exceptional opportunities for the acceleration of sustainable solutions. Emphasizing their commitment to Africa, Mr. Ghandour highlighted how these collaborations will facilitate advancements in critical infrastructure and enhance water security across various markets.
The partnership with Cassa Depositi e Prestiti is critical as it facilitates funding avenues for the water infrastructure, particularly benefitting nations in Africa eligible for Official Development Assistance. This initiative aligns with Italy’s goals and simultaneously provides opportunities for Italian businesses while addressing pressing infrastructure requirements in developing regions.
The cooperation with SACE aims to deliver innovative financial and insurance solutions to expedite project developments. This strategic partnership will strengthen the bond between Italian industry and emerging markets, promoting not only economic growth but also sustainable development in the water sector across Africa and the UAE.
Through collaboration with ACEA S.p.A., a leader in water and energy services, Metito Utilities will lead the deployment of groundbreaking sustainable water management solutions. This partnership will revolutionize the establishment of treatment plants, desalination facilities, and distribution systems to ensure communities in need gain access to secure water resources.
To capitalize on opportunities in Africa, Metito Utilities plans to leverage diverse funding sources alongside its expertise, intending to execute projects in alignment with its Africa Water Infrastructure Development (AWID) framework. This platform is innovative in its focus on developing climate-smart water projects on a large scale, thereby significantly improving water security across the continent.
This strategic alliance between the UAE and Italy signifies a proactive approach to addressing critical water infrastructure needs in the MEA region, enhancing water security for millions. The cooperation between Metito Utilities and key Italian institutions underscores the commitment to sustainable development and innovation in water management. Ultimately, this initiative not only aims to improve infrastructure but also seeks to foster economic growth and strong partnerships across emerging markets.
Original Source: www.cbnme.com
