Mubadala looks to tap water market

by Dylan Bowman Tuesday, 07 October 2008

Mubadala Development Co. said on Tuesday it has set up a water production and waste water treatment company in a joint venture with France's Veolia Water.

Related Stories

Mubadala, the investment arm of the Abu Dhabi government, said the company will cover the Middle East and North Africa and work together on municipal concessions and public private partnerships.
The company will be owned 51 percent by Veolia Water and 49 percent by Mubadala, it said.

Mubadala described the joint venture as "the first step for long-term collaboration between the two companies on future projects".

Veolia Water CEO Antoine Frerot said the partnership will "enable us to expand and offer vital infrastructure solutions to suit local needs".



Search Property (2046 listed)



Enter a Development, City, Real Estate Agent or Developer name
Property Type
Added to Site
Price Range
to
Bedrooms
Area (in sqft)
to
to

Quick Links(Residental)