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DAILY NEWS 21st January 2015
GCC water equipment market to reach US$4bn by 2020 THE GCC'S market for water and wastewater treatment equipment is set to undergo a predicted annual growth rate of 10.6 per cent, reaching US$4bn by 2020, according to a white paper released by Frost & Sullivan this week. Prepared exclusively for the International Water Summit (IWS), the paper, entitled 360 Degree Perspective on the GCC Water and Wastewater Treatment Market, also revealed that the region's fast-growing market for industry equipment – currently valued at an estimated US$2.2bn – is moving increasingly towards sustainable practices. Kshitij Nilkanth, program manager, environmental and water markets, at Frost & Sullivan, said, “The focus of the water sector in the region is surely shifting towards sustainable practices, wastewater treatment, and recycling. “Governments in the GCC have allocated approximately US$100bn towards implementing better water technologies and energy-efficient desalination,” he added. The growing value of developing and implementing sustainable business practices and technology is a theory supported by top tier industry executives attending IWS this year. Company executives at Xylem, a leading global water technology provider, drew attention to the current trends in innovation within the water and wastewater industry.
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GCC governments have reportedly allocated about US$100bn to implementing better water technologies
Peter Lewington, director wastewater pumping, growth centre transport at Xylem, stressed the growing focus worldwide of producing technology that is both cost-effective and low in energy consumption, as well as digital and smart technologies. The latter allow for increased remote access and analysis of large quantities of data. “It’s really about the ability to use data to manage and operate the assets and use that data as well to smartly run the products, so it delivers that holistic lifestyle cost.” With business in more than 150 countries through numerous market-leading product brands, Xylem was named in the Dow Jones Sustainability Index for the last three years for advancing sustainable business practices and solutions worldwide. While discussing the UAE's approach to adopting sustainable solutions, Glen Trickle, vice-president and director engineering and technology, commented, “What I see here is a lot of passion and urgency. There's a lot of more awareness here and it's really quite impressive, the speed at which things move and develop.” Lewington stated, “They say 'necessity is the mother of invention' and that's clearly true here. “What we see here that's different to Europe is that there's less competition between the stakeholders, there's a shared, common objective.” www.internationalwatersummit.com
21st January 2015
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NEWS: Bluewater Bio highlights innovative wastewater treatment tech FEATURE: A look at the viable water technologies that GCC governments are investing in Q&A: Fady Juez, Managing Director for Metito, speaks exclusively about what needs to be done to raise awareness of the reality of the region’s water availability and the possibile benefits of Public Private Partnerships
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NEWS: Suez Environnement strengthens its Middle East presence
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NEWS: Waterleau wins US$65mn Qatari treatment facility contract
INTERNATIONAL WATER SUMMIT
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