Business & Economics :: Latest News
October 13, 2008
Veolia Water and Mubadala launch a joint-venture company
Mubadala Development Co. (Mubadala; www.mubadala.ae
) and Veolia Water (www.veoliawater.com
) have announced their intention to create a joint-venture company that will focus on water production and wastewater
collection and treatment in the Middle East and North Africa (MENA) region. This activity could later lead to further joint ventures for other business sectors of the Veolia Environnement Group.
The announcement follows a decision by Abu Dhabi investment and business
development company, Mubadala, and Veolia Water, subsidiary of Veolia Environnement, to work together on municipal concessions and other partnerships in the MENA region. The joint-venture company will be owned 51% by Veolia Water and 49% by Mubadala.