IDBIF II has partnered with UTICO, the largest private utility company in the Middle East, to invest in opportunities in water treatment. The Fund has invested in United Water, a water desalination company in the UAE. Its current Ras Al Khaima water plant operates a capacity in excess of 90,000 m3/day. An expansion in capacity to 10,000m3/day is underway. A recent agreement with Sharjah Public Water guarantees full utilisation of capacity.
As demand for potable water in the GCC grows, United Water is also seeing further expansion opportunities.
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