Metito Utilities aims to advance water security across the Middle East

Metito Utilities, a leading global investor, developer, and operator of sustainable water management solutions, has signed three Memoranda of Understanding (MoUs) with Cassa Depositi e Prestiti (CDP), SACE, and ACEA S.p.A. to drive transformative water infrastructure projects across Africa, the UAE, and other high-need regions.  

The agreements were formalised during the UAE-Italy Business Forum in Rome and were signed in the presence of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, and Italian Prime Minister Giorgia Meloni.

These strategic partnerships align with Italy’s Mattei Plan and the United Nations Sustainable Development Goals, reinforcing international cooperation in sustainable water infrastructure development.  

Italy-UAE bilateral ties

The collaboration with CDP, Italy’s national promotional institution and development bank, will facilitate financing for water projects in Africa’s Official Development Assistance (ODA)-eligible nations, addressing critical infrastructure gaps while creating opportunities for Italian businesses.  

Through its partnership with SACE, Italy’s Export Credit Agency, Metito Utilities will gain access to innovative financial solutions and insurance mechanisms to accelerate the development of water projects in Africa, the UAE, and other key regions.

This cooperation aims to strengthen economic ties between Italian industries and emerging markets while advancing sustainable development goals.  

Metito Utilities’ alliance with ACEA S.p.A., a leading provider of water, energy, and environmental services, will drive cutting-edge advancements in water treatment, desalination, and distribution networks across Africa and the Middle East.

Together, they will implement next-generation water security solutions to ensure safe and sustainable access to clean water in regions facing severe shortages.  

Additionally, Metito Utilities will leverage its AWID framework, an industry-first platform dedicated to scaling up climate-smart water projects, to secure diverse funding sources and execute large-scale infrastructure initiatives that enhance water security across the African continent.  

Rami Ghandour, CEO of Metito Utilities, said, "As countries work to achieve water security for their growing communities, these partnerships create unprecedented opportunities to accelerate sustainable solutions. By combining Metito Utilities extensive experience with Italian expertise and financial capabilities, we are creating a powerful framework to address critical infrastructure needs and enhance water security across multiple markets. Building on our commitment to Africa initiated with Africa Water Infrastructure Development (AWID) launched with British International Investment, these collaborations further underscore our dedication to developing sustainable water infrastructure across the continent.”