The Arab Energy Fund-led consortium has successfully acquired a 100% stake in Metito Utilities, aiming to enhance sustainable water management solutions and address critical water scarcity challenges in emerging markets.

Information on the Target

The Arab Energy Fund (TAEF), formerly known as APICORP, has spearheaded a consortium to acquire a complete 100% stake in Metito Utilities. Metito Utilities is globally recognized as a developer and operator specializing in sustainable water management solutions and climate-resilient water assets. Established in 1958, Metito has more than 25 years of specialized experience in investing, developing, and managing long-term water and wastewater concessions.

With a strong history of over 35 successful concessions worldwide, Metito has been a pioneer in public-private partnerships (PPP) for water management, providing critical solutions across various countries including Saudi Arabia, the UAE, Uzbekistan, Egypt, Rwanda, Serbia, and Qatar. This acquisition will enhance TAEF's leadership in sustainable water solutions and energy infrastructure.

Industry Overview in the Target’s Specific Country

The water management industry in the Middle East faces significant challenges, including increasing water scarcity and a growing demand for clean water solutions.