WABAG enters into strategic alliance with Al Jomaih Energy and Water
AEW will provide support, including related to local market intelligence, business development, and engagement with potential customers and regulators, among others in the region.
City-based pure-play water technology group, VA Tech WABAG Ltd, has signed a Memorandum of Understanding with Al Jomaih Energy and Water (AEW), a leading developer of energy and water projects in the Middle East, for cooperation in various aspects, the company said on Monday.
The MoU was signed during the India-Saudi Investment Forum held on September 10, 11 on the occasion of the G20 Summit, a company release said.
"Under this strategic partnership, both WABAG and AEW will cooperate on various aspects, including Engineering, Procurement, and Construction (EPC), project development, and feasibility assessments for potential water projects." "This collaboration will leverage the combined expertise of both organisations to tackle the pressing water challenges in the region," it said.
AEW will provide support, including related to local market intelligence, business development, and engagement with potential customers and regulators, among others in the region. WABAG will contribute technical and commercial expertise required for feasibility assessment and project development.
"The MoU signifies a strategic partnership that aims to address the growing demand for sustainable water solutions in the Middle East. Through this collaboration, AEW and WABAG will pool their resources and expertise to drive innovation and contribute to the development of water infrastructure in the region," it said.
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
08:47 PM IST