Abu Dhabi, UAE — Alpha Dhabi Holding marked the entry into the water and wastewater domain as it announced the acquisition of a majority stake in Metito Holdings.
The deal also bolsters Metito’s mission to broaden smart water solutions across the MENA region and beyond, aligning with the UN sustainability goals, Alpha Dhabi said.
The acquisition sees Alpha Dhabi purchasing the majority stake from selling shareholders Mitsubishi Corporation, Mitsubishi Heavy Industries, and Gulf Capital.
The Ghandour family, Metito’s founding shareholders, will retain their leadership roles.
Hamad Salem Al Ameri, Chief Executive Officer and Managing Director of Alpha Dhabi, said, “With nearly half the world’s population projected to face water scarcity by 2025, the need for sustainable water solutions has never been more critical.”
“Our partnership with Metito is a decisive step towards addressing this pressing challenge. Together, we are committed to pioneering solutions that not only cater to immediate needs but also ensure a sustainable future for generations to come,” he said.
By 2025, an estimated 3.5 billion people could be living in water-scarce regions. The MENA region, home to 7% of the world’s population but just 1% of its freshwater resources, is the most water-stressed globally. A staggering 83% of its population, approximately 500 million people across 25 countries, are using over 80% of their renewable water supply.
