Water technology company Xylem has announced that it will invest US$35mn in the MENA region
Xylem has already invested in a number of facilities across the region, including a local manufacturing plant and offices in the UAE, Oman and Qatar.
The expansion will see increased localisation of products and building vital local capabilities including manufacturing, which is aimed to provide customers with more efficient services and products.
Xylem Middle East and North Africa regional director Vincent Chirouze said, ?The water-energy nexus is especially relevant throughout the MENA region. We view the low oil price environment as an opportunity to invest and expand in this market. As the Middle East works hard to address long-term water security in the region, we are positioning ourselves for long-term growth and success.?
At International Water Summit (IWS) 2016, Xylem and Masdar Institute of Science and Technology had announced a research collaboration to establish sustainability indicators such as energy and cost performance of processes and equipment for water transport and treatment facilities.
