Firms sign $200m deal for sustainable water solutions

DUBAI: Contec Global, the Uk-based conglomerate with a strong footprint in the Middle East & Africa in delivering sustainable Agritech programmes, has marked a strategic tie-up with Maithri Aquatech, the developer of innovative air-to-water technology, to bring large-scale sustainable water solutions to the Middle East and Africa.

The partnership aims to deliver a business of over $200 million (Dhs735 million) in atmospheric water generator (AWG) solutions in the region in the next three to five years.

The two entities will work together to provide safe, potable, clean water on a sustainable basis. They will focus on capacity building using Contec Global and Maithri’s joint expertise in delivering turn-key AWG projects for drinking water and micro-irrigation in acutely water-stressed areas.

Dr Benoy Berry, Chairman of Contec Global, said “We are excited with this opportunity to showcase an innovative and cost-effective technology to deliver end-to-end water solutions for clients across the Middle East and Africa. In line with our core focus, the partnership with Maithri expands Contec Global’s offering to cover scalable water solutions that are capable of producing water from air on a mass scale and on a sustainable basis.”

Ramkrishna Mukkavilli, Founder and Managing Director of Maithri Aquatech, said: “With the MENA region focused on ensuring national-level food and water security, our AWG solution is ideally placed to meet water requirements sustainably, as our technology creates a perennial and decentralised water generating source.”