Bluewater Bio poised to enter Saudi market
- From: Vol 10, Issue 4 (April 2009)
- Category: General
- Region: Middle East
- Country: Saudi Arabia
- Related Companies: Bluewater Bio, FourWinds Capital Management and Nesma Partners
A new joint venture agreement will boost Bluewater Bio’s penetration into the Saudi wastewater sector. A recent equity infusion will facilitate access to project finance.
Bluewater Bio has signed a memorandum of understanding with Saudi contractor Nesma & Partners, which will see the company’s proprietary HYBACS wastewater treatment technology rolled out across Saudi Arabia.
The move is intended to result in a three-way joint venture, with Bluewater Bio and Nesma as majority partners, and Bahrain-based Zero Waste Technology as a minority stakeholder. Nesma & Partners functions ...
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