UK-based Contec Global inks over USD 200 million deal with Maithri Aquatech for propagating sale of its Air-to-Water sustainable water solutions across Africa and Middle East
Maithri Aquatech Pvt. Ltd. and Contec Global are pleased to announce that they have entered into a strategic alliance, combining Maithri Aquatech’s leading Air-to-Water sustainable solutions with Contec Global’s vast footprint in Africa and the Middle East, to meet the ever-growing requirements of clean, potable and safe water in these regions on a sustainable basis. The MoU signed between both the companies is for over US $200 million, spread over the next few years. The first project to stem from this partnership will be implemented in select Middle East countries. Water, being the most important natural resource on Earth, has become extremely critical in current times due to the adverse impact of climate change, population growth, industrialisation, and urbanization. It impacts all aspects of life including food security, which is at risk as global agriculture is being impacted by water scarcity. There is an urgent need to mitigate this problem by impleme...