Cairo – Mubasher: TAQA Arabia, a subsidiary of Qalaa Holdings, has expended its business portfolio to be the first integrated energy and water utilities provider in the MENA region through the launch of TAQA Water.
The new subsidiary will provide services mainly to the industrial, agricultural, tourism, and real estate development sectors, TAQA Arabia said in a statement on Wednesday.
Expanding into the water treatment and desalination sector makes TAQA Arabia the first fully-fledged energy and water utilities provider in Egypt and the MENA region.
The Chairman of Qalaa Holdings, Ahmed Heikal, stated: “TAQA Arabia decided to establish and operate a water company in support of the state strategy on finding alternative solutions for overcoming water scarcity, spreading out the usage of modern irrigation systems, and constructing more desalination plants.”
“TAQA Water offers diversified solutions in the field of water treatment and desalination with a variety of contractual terms to best accommodate the needs of our customers and offer them an optimal return on investment,” the Executive Chairman of TAQA Arabia, Khaled Abu Bakr, said.