Water technology company Xylem is to invest $35m in the Middle East and North Africa region.
Xylem has invested in a number of facilities across the region, including a local manufacturing plant and offices in the UAE, Oman and Qatar.
Further investment will be made into expanding business service offerings designed to provide customers with smarter solutions to their water technology needs.
“The water-energy nexus is especially relevant throughout the MENA region,” said Vincent Chirouze, regional director, Xylem Middle East and North Africa. “We view the low oil price environment as an opportunity to invest and expand in this market while many of our competitors are being cautious or even limiting their investments. 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.”
Xylem is also keen to partner up with government and private entities to address pressing regional water issues. It recently announced a collaboration with the Masdar Institute of Science and Technology to establish sustainability indicators for water, wastewater and water transport and treatment facilities in Abu Dhabi.
“The partnership with the Masdar Institute marks a pivotal milestone in our regional growth plan and represents a solid step in our journey as a leading water technology provider,” said Chirouze.