INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Utico lands Hassyan project deal

Utico and Siemens have signed an MoU for an independent water project in Hassyan.
  • Utico and Siemens have signed an MoU for the engineering, supply, and services for an independent water project in Hassyan
  • By capacity, this will be Siemens’ largest desalination plant project to date in Dubai

Utico, a private utility company in the UAE, and Siemens have signed a memorandum of understanding for the engineering, supply, and services for an independent water project or IWP in Hassyan, local reports said on Thursday, October 7.

The MoU was signed at the WETEX and Dubai Solar Show 2021 on Thursday.

By capacity, this is expected to be Siemens’ largest desalination plant project to date in Dubai.

The agreement was signed by Ali Al Darwish, CEO of Utico in the UAE, and Hussain Allawati, CEO Mena & Head of Global Investments, Utico, with Mohammed Khalifa, CEO Middle East – Digital Industries, Siemens Industrial LLC, Franco Atassi, CEO Middle East – Smart Infrastructure, Siemens Industrial LLC, and Mahmoud Hanafy, VP Transmission Grid Stabilization Middle East, Siemens Energy LLC.

Al Darwish said the agreement was part of Utico’s efforts to ensure a sustainable plant where Siemens’ supply would include for a total capacity of 1.1 million cu m/day desalination facilities for this world’s lowest-water-tariff IWP.