GCC water treatment market ‘growing at 10.6pc’
ABU DHABI, October 28, 2014
The market for water and wastewater treatment equipment in the GCC is estimated to be $2.2 billion in 2014, and is expected to grow at a compound annual growth rate of 10.6 per cent up to 2020 to reach $4 billion, a report said.
“Several utilities and water agencies are announcing noticeable projects, indicating the start of a technological turnaround,” added the white paper by Frost & Sullivan, a growth partnership company.
“Governments of the countries in the GCC have allocated approximately $100 billion towards implementing better water technologies and energy-efficient desalination,” highlighted the white paper, which was presented at the recently concluded third WaterWorld Middle East (WWME) Conference and Exhibition, co-located with Power-Gen Middle East (PGME) in Abu Dhabi.
The transition of the region’s water sector towards sustainable practices was a focus of the event, which saw participation from delegates representing more than 40 countries.
“Ensuring water security for sustenance and growth has been a constant challenge for countries in the GCC. With increasing populations and growth in industrial and agricultural activities, pressure on the existing water resources is amplified. The focus of the water sector in the GCC is surely shifting towards sustainable practices, wastewater treatment, and recycling,” the white paper said.
“The WaterWorld Middle East (WWME) Conference and Exhibition returned to Abu Dhabi in recognition of the local leadership in water management,” said Timm Dower, event director of WWME. “The calibre of exhibitors and speakers at this year’s event demonstrates that Abu Dhabi is truly a hub for thought leadership in the water industries.”
WaterWorld Middle East attracted speakers and exhibitors from 43 countries with 76.5 per cent coming from within the region with the remaining 23.5 per cent coming from Australasia, Europe, North and Latin America. The Conference featured 38 speakers in over 31 sessions.
The fourth WaterWorld Middle East Conference and Exhibition will be held in Abu Dhabi from October 4-6, 2015.
WaterWorld Middle East is owned and managed by PennWell Corporation. – TradeArabia News Service
