Jul 28 2011 |
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Dow Chemical Company's plans to invest in Saudi Water Technology
According to Frost & Sullivan, The Dow Chemical Company 's plan to invest in the Middle East and North Africa (MENA) region was a long awaited move. In the MENA region, amongst the 17 countries under the "extreme risk" in the Water Stress Index category, Saudi Arabia ranks third. The current market trends reinstate Saudi Arabia as the next big opportunity country for the water industry. Dow's investment in Saudi Water Technology is considered strategic especially since the Emirates water market is starting to look crowded..The much anticipated advanced desalination and reverse osmosis (RO) technology will be the cornerstone in water treatment and will be reused to meet the region's growing demand for water conservation and purification. Dow aims at making RO technology more advanced and affordable. In the coming years, this may boost the Public Private Partnership (PPP) trend in desalination projects, which is estimated to cover 50 per cent of desalination market in the MENA region. It is also expected to provide impetus to the growing produced water opportunities, wastewater treatment and reuse market in the industrial sector.
Perspective by: Sasidhar Chidanamarri, Industry Manager, Environmental Practice, Middle East and North Africa, Frost & Sullivan.
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