{"id":1380,"date":"2023-09-25T11:38:00","date_gmt":"2023-09-25T09:38:00","guid":{"rendered":"https:\/\/sahfy.net\/news\/?p=1380"},"modified":"2023-09-25T11:38:00","modified_gmt":"2023-09-25T09:38:00","slug":"alpha-dhabis-majority-stake-acquisition-in-metito-holdings-reaffirms-ongoing-commitment-to-addressing-global-water-scarcity","status":"publish","type":"post","link":"https:\/\/sahfy.net\/news\/?p=1380&lang=en","title":{"rendered":"Alpha Dhabi&#8217;s Majority Stake Acquisition in Metito Holdings Reaffirms Ongoing Commitment to Addressing Global Water Scarcity"},"content":{"rendered":"<p><strong>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<u><\/u>The strategic move supports the objectives of the UAE\u2019s Year of Sustainability and the\u00a0upcoming COP28, marking Alpha Dhabi\u2019s inaugural foray into the water and\u00a0wastewater\u00a0sector.<\/strong><\/p>\n<p><strong><u><\/u>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<u><\/u>The acquisition is a cornerstone of Alpha Dhabi Climate Capital, focusing on climate-\u00a0conscious\u00a0investments.<\/strong><\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\">\u00a0Alpha\u00a0Dhabi\u00a0Holding\u00a0(ADX:\u00a0ALPHADHABI),\u00a0one\u00a0of\u00a0the\u00a0fastest-\u00a0growing\u00a0investment\u00a0holding\u00a0companies\u00a0in\u00a0the\u00a0United\u00a0Arab\u00a0Emirates\u00a0(UAE),\u00a0has\u00a0announced\u00a0its\u00a0acquisition of a majority stake in Metito Holdings Ltd., a global leader in the water and wastewater\u00a0industry.\u00a0Pending\u00a0regulatory\u00a0approvals,\u00a0this\u00a0pivotal\u00a0transaction\u00a0marks\u00a0Alpha\u00a0Dhabi\u2019s\u00a0strategic\u00a0entry\u00a0into\u00a0the water and wastewater domain. The acquisition not only underscores the company\u2019s commitment\u00a0to diversifying its portfolio but also bolsters Metito\u2019s mission to broaden smart water solutions across\u00a0the\u00a0MENA region\u00a0and\u00a0beyond,\u00a0aligning with\u00a0the\u00a0UN\u00a0sustainability\u00a0goals.<\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\"><u><\/u>\u00a0<u><\/u><\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\">The acquisition sees Alpha Dhabi purchasing the majority stake from selling shareholders Mitsubishi\u00a0Corporation, Mitsubishi Heavy Industries, and Gulf Capital, showcasing Alpha Dhabi\u2019s unwavering\u00a0confidence\u00a0in\u00a0Metito\u2019s\u00a0expertise\u00a0and\u00a0future\u00a0potential.\u00a0The\u00a0Ghandour\u00a0family,\u00a0Metito\u2019s\u00a0founding\u00a0shareholders,\u00a0will\u00a0retain\u00a0their\u00a0leadership\u00a0roles,\u00a0ensuring\u00a0the\u00a0company\u2019s\u00a0foundational\u00a0principles\u00a0of\u00a0impact,\u00a0sustainability,\u00a0and\u00a0innovation\u00a0remain\u00a0intact.<\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\"><u><\/u>\u00a0<u><\/u><\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\">Eng.\u00a0Hamad\u00a0Salem\u00a0Al\u00a0Ameri,\u00a0Chief\u00a0Executive\u00a0Officer\u00a0and\u00a0Managing\u00a0Director\u00a0of\u00a0Alpha\u00a0Dhabi,\u00a0commented:\u00a0\u201cWith\u00a0nearly\u00a0half\u00a0the\u00a0world\u2019s\u00a0population\u00a0projected\u00a0to\u00a0face\u00a0water\u00a0scarcity\u00a0by\u00a02025,\u00a0the\u00a0need\u00a0for sustainable water solutions has never been more critical. Our partnership with Metito is a decisive\u00a0step towards addressing this pressing challenge. Together, we are committed to pioneering solutions\u00a0that not only cater to immediate needs but also ensure a sustainable future for generations to come.\u00a0This collaboration is more than a strategic business move; it\u2019s a testament to Alpha Dhabi\u2019s dedication\u00a0to\u00a0driving\u00a0impactful\u00a0change\u00a0in\u00a0the\u00a0water\u00a0sector\u00a0and\u00a0our\u00a0broader\u00a0vision\u00a0of\u00a0sustainable\u00a0growth\u00a0and\u00a0global\u00a0impact.<\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\"><u><\/u>\u00a0<u><\/u><\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\">Talal Ghandour, co-CEO of Metito, remarked: \u201cAlpha Dhabi\u2019s investment in Metito underscores the\u00a0importance\u00a0of\u00a0our\u00a0mission\u00a0and\u00a0the\u00a0value\u00a0we\u00a0bring\u00a0to\u00a0the\u00a0table.\u00a0Together,\u00a0we\u00a0aim\u00a0to\u00a0address\u00a0the\u00a0pressing\u00a0water\u00a0challenges,\u00a0especially\u00a0in\u00a0the\u00a0MENA\u00a0region,\u00a0which\u00a0is\u00a0the\u00a0most\u00a0water-stressed\u00a0region\u00a0globally.\u00a0With<\/p>\n<p>&nbsp;<\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\"><u><\/u>\u00a0<u><\/u><\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\">Metito\u2019s\u00a0extensive\u00a0experience\u00a0across\u00a050\u00a0countries\u00a0and\u00a0our\u00a0dedication\u00a0to\u00a0innovation\u00a0and\u00a0technology,\u00a0this\u00a0partnership will bolster our capabilities, allowing us to further our mission and bring sustainable water\u00a0solutions\u00a0to regions that\u00a0need\u00a0it\u00a0the\u00a0most.\u201d<\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\"><u><\/u>\u00a0<u><\/u><\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\">Rami Ghandour, co-CEO of Metito, added: \u201cThis partnership is set to unlock vast synergies and to\u00a0unleash boundless potential. We are poised to make significant contributions to sustainable solutions,\u00a0especially as the UAE\u2019s Year of Sustainability and COP28 gain traction. Together, our combined\u00a0expertise and resources position us to drive sustainable growth and shareholder value in the global\u00a0water\u00a0sector.\u201d<\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\"><u><\/u>\u00a0<u><\/u><\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\">By 2025, an estimated 3.5 billion people could be living in water-scarce regions. The MENA region,\u00a0home\u00a0to\u00a07%\u00a0of\u00a0the\u00a0world\u2019s\u00a0population\u00a0but\u00a0just\u00a01%\u00a0of\u00a0its\u00a0freshwater\u00a0resources,\u00a0is\u00a0the\u00a0most\u00a0water-stressed\u00a0globally.\u00a0A\u00a0staggering\u00a083%\u00a0of\u00a0its\u00a0population,\u00a0approximately\u00a0500\u00a0million\u00a0people\u00a0across\u00a025\u00a0countries,\u00a0are\u00a0using over 80% of their renewable water supply. The World Bank projects that by 2050, water scarcity\u00a0could\u00a0cost\u00a0the\u00a0MENA\u00a0region\u00a0between\u00a06%\u00a0and\u00a014%\u00a0of\u00a0its\u00a0GDP.\u00a0These\u00a0alarming\u00a0statistics\u00a0underscore\u00a0the\u00a0urgent\u00a0need for\u00a0innovative\u00a0solutions\u00a0and\u00a0impact\u00a0investments in\u00a0the\u00a0water\u00a0sector.<\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\"><u><\/u>\u00a0<u><\/u>In line with the upcoming COP28 in the UAE, Alpha Dhabi has also established Alpha Dhabi Climate\u00a0Capital,\u00a0focusing\u00a0on\u00a0climate-conscious\u00a0investments,\u00a0with\u00a0Metito\u00a0as\u00a0a\u00a0cornerstone\u00a0of\u00a0this\u00a0initiative.<\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\"><u><\/u>\u00a0<u><\/u>With\u00a0the\u00a0UAE\u2019s\u00a0Year\u00a0of\u00a0Sustainability\u00a0and\u00a0the\u00a0imminent\u00a0COP28,\u00a0both\u00a0Alpha\u00a0Dhabi\u00a0and\u00a0Metito\u00a0are\u00a0geared\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0to make substantial contributions to discussions and initiatives centered on sustainable, technology-\u00a0driven solutions. This partnership is a testament to their shared vision of a brighter, more sustainable\u00a0future\u00a0for\u00a0the\u00a0UAE and\u00a0the\u00a0global community\u00a0at\u00a0large.<\/p>\n<p class=\"m_-4462623431695377849MsoBodyText\"><u><\/u><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The strategic move supports the objectives of the UAE\u2019s Year of Sustainability and the\u00a0upcoming COP28, marking Alpha Dhabi\u2019s inaugural foray into the water and\u00a0wastewater\u00a0sector. \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The acquisition is a cornerstone of Alpha Dhabi Climate Capital, focusing on climate-\u00a0conscious\u00a0investments. \u00a0Alpha\u00a0Dhabi\u00a0Holding\u00a0(ADX:\u00a0ALPHADHABI),\u00a0one\u00a0of\u00a0the\u00a0fastest-\u00a0growing\u00a0investment\u00a0holding\u00a0companies\u00a0in\u00a0the\u00a0United\u00a0Arab\u00a0Emirates\u00a0(UAE),\u00a0has\u00a0announced\u00a0its\u00a0acquisition of a majority stake in Metito Holdings Ltd., a global leader in the water and wastewater\u00a0industry.\u00a0Pending\u00a0regulatory\u00a0approvals,\u00a0this\u00a0pivotal\u00a0transaction\u00a0marks\u00a0Alpha\u00a0Dhabi\u2019s\u00a0strategic\u00a0entry\u00a0into\u00a0the water [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[87,15,103],"tags":[1912,1914],"class_list":["post-1380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gcc-en","category-press-releases","category-reports-research","tag-alpha-dhabi-holding","tag-wastewater-industry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - 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