AmiWater goes home to conquer
- From: Vol 7, Issue 12 (December 2006)
- Category: General
- Region: Middle East
- Country: Saudi Arabia
- Related Companies: Amiantit, Amiwater, Aquamundo, Gulf One Investment Bank, InfraMan, JR International Bau, OMC, PWT and TBW Consultants
Amiantit’s water subsidiary suddenly finds itself ideally positioned for the Saudi water sector liberalisation. It is well placed to grow in the rest of the world as well. A deal with Gulf One Investment Bank will help it happen.
When Saudi Amiantit started buying water companies in Germany and Austria six years ago, it was difficult to see where it might lead. The market-leading pipe manufacturer seemed to have had little to gain from pairing up with TBW, a tiny Austrian consultancy firm specialising in structuring water projects in developing countries.
The acquisitions which followed were no less puzzling ...
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