Skip to content Skip to Search
Skip navigation

UAE companies to develop irrigation project in Morocco

By Pramod Kumar
Metito Utilities and Tahliya Group executives sign the agreement to develop an irrigation project in Morocco Metito
Metito Utilities and Tahliya Group executives sign the agreement to develop an irrigation project in Morocco

Dubai-based Metito Utilities and Tahliya Group, a UAE-based infrastructure company in Africa, have signed an agreement to develop an irrigation project using desalinated water in Morocco.

The desalination projects will be powered by renewable energy, the companies said in a statement released during the Cop28 climate summit taking place in Dubai.

No financial details on the project were disclosed.

Metito will investigate the potential for teaming up with Africa Water Infrastructure Development, a platform launched by Metito Utilities and British International Investment earlier this year. 

The platform aims to develop climate-smart water projects at scale and to increase water security across Africa.

Morocco attracted $15.3 billion in foreign direct investment in 2022, according to a report by the Arab Monetary Fund.

In its most recent regional economic report, the European Bank for Reconstruction and Development estimated Morocco’s economy would grow 3.1 percent this year.

This is up from the 1.3 percent rate recorded in 2022 when a drought compounded the adverse impact of tighter global financing conditions.

Latest articles

Egypt’s first hybrid solar project to break ground next year

Norway’s renewable energy producer Scatec will begin work on Egypt’s first hybrid solar power and battery storage project in the first half of 2025. The company has signed a US dollar-denominated 25-year power purchase agreement with the state-run Egyptian Electricity Transmission Company for a 1-gigawatt (GW) solar power plant and 100-megawatt (MW) battery storage project. […]

Water, Waterfront, Shipping Container

Turkish exports to the UK hit all-time high

Turkey’s exports to the United Kingdom reached a record high in the first eight months of 2024, according to official data. Exports rose 11 percent year on year to $8.3 billion between January and August, Anadolu Agency reported, citing data from the Turkish Exporters Assembly. The automotive sector led the way, with exports reaching $2.7 […]

Person, Desk, Furniture

Abu Dhabi fund sells stake in UK insurance company

Abu Dhabi Investment Authority (Adia), the UAE’s largest sovereign wealth fund, has sold a 50 percent stake in the UK-based insurance technology company Policy Expert to private equity entity Cinven. The stake will be purchased by Cinven’s strategic financials fund. No financial details were disclosed. The deal is subject to regulatory approvals and closing conditions. […]

Aramco will use the Cerebras CS-3 chips to build and deploy large language models

Aramco to buy AI chips from Abu Dhabi-backed Cerebras

Saudi Aramco is to buy advanced semiconductor chips from Cerebras Systems, the Abu Dhabi-backed chipmaker aiming to challenge Nvidia’s dominance in the AI arena, as it seeks to boost artificial intelligence in the kingdom. The state-owned energy giant will use Cerebras’ CS-3 chips to build and deploy large language models (LLMs) – computer models essential […]