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METITO
BIGINS WORK ON 50 MILLION GLOBAL HEADQUARTERS AT
TECHNO PARK, DUBAI |
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21 January 2004
H.E. Sultan Bin Sulayem, Executive Chairman,
Dubai Ports, Customs and Free Zone Corporation and
METITO CEO Mutaz Ghandour Conduct Official Ground
Breaking Ceremony
Construction work has started at Techno Park, Dubai,
on the Dhs 50 million global headquarters for METITO,
a world leader in water, wastewater and desalination
treatment projects and technology.
The start of construction was marked by an official
ground breaking ceremony undertaken at Techno Park
by H.E. Sultan Bin Sulayem, Executive Chairman,
Dubai Ports, Customs and Free Zone Corporation and
METITO Chief Executive Officer Mr. Mutaz Ghandour.
METITO
will now consolidate all its global offices, manufacturing
and research facilities from the UK, USA and within
the UAE, to one site at the new park that is being
developed on Sheikh Zayed Road in Dubai, close
to the existing Jebel Ali Free Zone.
The
company anticipates moving in to the new headquarters
in mid 2005, when the company will occupy an estimated
500,000 square feet giving them adequate room
to expand operations in the future. A total of
500 engineers, scientists, technicians and executives
will work from the new location.
METITO
is the first major international company to start
construction work at the Techno Park, Dubai that
will focus on research and technological development
in the areas of water desalination and environmental
resources. The project is being developed under
the authority of Dubai Ports, Customs and Free
Zone Corporation.
H.E.
Sultan Bin Sulayem said at the occasion of the
groundbreaking: “The Desalination Cluster
we are creating at Techno Park will be one of
its kind in the world. As a global leader in desalination
technology it is very appropriate that METITO
will be the first company to commence construction
work on their Headquarters. This shows that Dubai
could in a short period create a new international
hub for developing this kind of technology and
specialised science and exporting it to the world.
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“This
initiative is only the first step and there will
be other initiatives to follow that will match what
Dubai has already achieved in the economic and industrial
sectors. Techno Park has already proved its worth
in a short period since the project was announced
with the support of His Highness General Sheikh
Mohammed bin Rashid Al Maktoum, Crown Prince of
Dubai, UAE Minister of Defence and Chairman of the
Ports, Customs and Free Zone Corporation.
METITO CEO Mutaz Ghandour said: “We are very
proud to be the first major company to establish
itself in this pioneering technological environment.
From here we will manage our operations all over
the world.
“As a company committed to technological excellence
and preserving the environment Techno Park is the
perfect location for METITO. Over 50 per cent of
the world’s desalination projects are in the
Gulf region and it estimated that demand for desalted
water in the UAE will double by 2010. The Arab World
is also forecast to invest over $30 billion dollars
in desalination projects by the year 2025.”
METITO
also intends to showcase its technological expertise
on site by constructing a water treatment and
waste water treatment desalination plant that
will enable the company to become totally self
sufficient in water. The plant will recycle the
wastewater and become a showcase of how the company’s
leading edge technology operates in practice.
Managing
Director Fady Juez adds: “We have been recognised
as a leader in our field for many years and creating
this demonstration plant will allow other companies
and interested parties to see our expertise at
first hand. Techno Park, Dubai will give us the
opportunity to grow our business and is a perfect
location from which to operate our increasing
global business.”
Techno
Park Chief Executive, Abdullah Al Qurashi, added:
“METITO is the ideal kind of world-class
company we want to attract to Techno Park. We
are especially pleased that a global company created
from within the Arab World should be our first
major tenant with such leading edge expertise
in desalination technology.”
Techno
Park, Dubai will cover an area of 33 sq km near
the 8 interchange of Sheikh Zayed Road. Desalination,
a core skill for METITO, will be a major focus
of activity on the Park with demand for desalinated
water estimated to double in the UAE alone by
2010.
The
Park will initially focus on three major areas
creating a Desalination Custer, that will be one
of its kind in the world; an Oil & Gas Cluster
to support a region with 35% of the world’s
total crude oil production and an Environmental
Resources and Management Cluster committed to
the prevention and reverse of desertification,
marine research and conservation and clean and
unconventional energy.
METITO
will also establish a training centre and host
seminars at the Park to help enhance the skills
and knowledge of local University students, engineers
and technicians working within the water, wastewater
and desalination industries.
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