Business | General
Environmental firm EET to expand in Mideast
Austrian environmental company Emirates Environmental Technology (EET), based in Sharjah, is expanding across the Middle East.
- By Arno Maierbrugger, Sub-Editor
- Published: 23:37 July 24, 2008
Dubai: Austrian environmental company Emirates Environmental Technology (EET), based in Sharjah, is expanding across the Middle East.
EET has bought 36 per cent of Zero Waste Holding Inc of Bahrain, managing director Peter Goeschl said yesterday.
Together with other shareholders, mostly members of Bahrain's royal family, EET plans to invest $180 million (Dh661 million) into waste management projects and landfill redevelopments in Bahrain, Katrin Apenburg, EET's spokeswoman, told Gulf News. Other waste management projects of Zero Waste's subsidiaries at Saudi Arabia and Jordan will add to business opportunities of EET in the region, she said.
She did not disclose figures about the costs of the Zero Waste purchase.
EET is a joint venture of Austrian TBGoeschl GmbH of Pitten, Lower Austria, and Shaikh Mohammad Al Qasimi Holding of Sharjah.
Currently, the major project of EET in the UAE comprises a landfill redevelopment in Sharjah, according to Goeschl the biggest of its kind worldwide.
Additionally, in May 2008, the Al Ain municipality has signed a contract worth Dh279 million with EET to operate a waste management facility.
EET has also won another contract worth Dh108 million from Sharjah to operate a recycling facility for construction waste, Goeschl said. The plant was launched on May 15.
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