ID :
23229
Wed, 10/08/2008 - 15:14
Auther :
Shortlink :
https://www.oananews.org//node/23229
The shortlink copeid
Veolia Environment, Mubadala to launch joint venture company to build a strategic partnership in MENA region
Abu Dhabi, Oct 8, 2008 (WAM) - Mubadala Development Company (Mubadala) and Veolia Water yesterday signed agreements to create a joint-venture company that will focus on water production and waste water collection and treatment in the Middle East and North Africa (MENA) region.
The announcement follows a decision by Abu Dhabi business development and investment company, Mubadala, and Veolia Water, the water and wastewater services subsidiary of Veolia Environment, to work together on municipal concessions and public private partnerships. The company will be owned 51% by Veolia Water and 49% by Mubadala.
This partnership brings together the expertise of a world leader in environmental services with the experience of one of the leading investment and development companies in the region. It marks the first step for long-term collaboration between the two companies on future projects.
The announcement follows a decision by Abu Dhabi business development and investment company, Mubadala, and Veolia Water, the water and wastewater services subsidiary of Veolia Environment, to work together on municipal concessions and public private partnerships. The company will be owned 51% by Veolia Water and 49% by Mubadala.
This partnership brings together the expertise of a world leader in environmental services with the experience of one of the leading investment and development companies in the region. It marks the first step for long-term collaboration between the two companies on future projects.
