on VEOLIA (EPA:VIE)
Veolia Aims for 50% Growth in the Middle East by 2030
Veolia, established in the Middle East for over 50 years, unveiled its growth strategy for the region during French President Emmanuel Macron's visit to Saudi Arabia. The company reported 1.1 billion euros in sales in 2023, employing over 11,000 people. With the Middle East designated as a strategic area, Veolia targets a 50% growth by 2030, leveraging innovations in water resource management, hazardous waste treatment, and low-carbon energy production.
Veolia focuses on adapting its solutions to the region's climate challenges, offering comprehensive support in water desalination. The Middle East faces increasing water scarcity, and Veolia aims to grow twice as fast as the market in this sector by supplying key desalination plants in the UAE and Saudi Arabia.
Efforts also extend to waste treatment and energy solutions, exemplified by partnerships aimed at reducing carbon emissions. Emphasizing ecological transformation, Veolia adopts cutting-edge technologies, reinforcing its role as a leader in the environmental sector.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all VEOLIA news