New infrastructure projects in Gulf states fuelling demand for full
service utilities deployments
Riyadh, Saudi Arabia, December 20th, 2011:
UTICO Middle East, one of the largest independent utilities management
companies in the GCC, confirmed today that it has won orders valued at over
US$4 billion to manage utilities projects across the GCC.
Richard Menezes, UTICO’s Executive Vice Chairman and Managing Director,
pointed out that the company was working with GCC governments and
other related authorities on the implementation of several projects that will
eventually lead to lower consumer tariffs and better utilities systems in those
countries.
“The continuous campaign by the Gulf states to improve and develop
infrastructure is fuelling the demand for water and power across the region,”
said Menezes. “While traditionally the utilities sector was managed by the
public sector in the Middle East, the increasing demand for providing these
essential services is signaling the entry of private sector players in the
projects.”
A Ghantoot Group company, UTICO will also meet the demand for its services
by investing in new regional offices, plants, service centres, training facilities
and other infrastructure. Its clientele includes government bodies, private
entities as well as oil and gas companies and several leading business houses
across the Middle East.
Currently, the company is completing several large integrated water
desalination and power plants across the Middle East. Exact details of the new
projects will be announced soon.
UTICO is headquartered in the UAE and is the country’s first independent full
service utilities provider. The company was recently in the news for being
the first organization in the MENA region to achieve the ISO 50001 energy
management certification. The certification was in recognition of UTICO’s
environment protection policies and energy management systems and joins a
slew of certifications achieved by the company in recent times.
Although originally intended for industry, the standard applies to any type
of organization wishing to effectively manage its energy uses and efficiency.
UTICO was selected for the distinction after a stringent six-month audit and
review of its operations and services by Quality Austria.
Established in 1992, UTICO has played a key role in developing the region’s
utilities with specialization in water, waste, steam, power and related services
for clientele requiring reliable and low-cost utilities. The company also offers
full consultancy from concept to design and implementation, conducting
feasibility studies, aiding in policy formulation for regulatory authorities and
large industrial parks, conservation and efficiency building, investment and
development.
About UTICO Middle East
UTICO is a subsidiary of the prestigious Ghantoot Group of Companies, a privately owned
US$2 billion conglomerate, and is managed by a highly professional team of experts with
experience in utilities management, along with engineers and scientists specializing in
water, waste and power services. We provide innovative and cost-effective solutions in
water management and treatment solutions. UTICO is the leading single company that
takes care of the overall utility needs pertaining to water, power, waste and steam.
Being the trendsetters in the region for offering water treatment solutions, waste water
re-use and assistance to large-scale developments using water, UTICO promises reliable
solutions, simultaneously treating waste to environmental friendly standards. Our state-
of-the-art water quality programs and designs offer the client best value for money which
complies with international quality standards, environmental and safety standards and
reliability.
For more information about UTICO Middle East, please visit www.uticome.com.
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