Search QatarPRNetwork.com

Home >> Banking & Investments

Madaeen Al Doha Group Signs Deal with MTD Group For Joint Venture in Water Sustainability and Growth in the Middle East

Madaeen Al Doha Group Signs Deal with MTD Group For Joint Venture in Water Sustainability and Growth in the Middle East

Wednesday, February 24, 2021/ Editor -  

Share

Home >> Banking & Investments

Doha, Qatar – 24, Feb 2021:   Madaeen Al Doha Group, a leading  business group engaged in the sectors of contracting, services, sports, media, food and beverage, entertainment and technology, has signed an agreement with the Netherlands based, MTD group, to set up a joint venture company, MTD Middle East Central Trading & Contracting LLC. 

MTD is a global company which connects customers to temporary water solutions.  They provide onsite safe drinking water and wastewater treatment solutions for customers in the events, expo and industry markets.  

The availability of affordable usable water is a big topic in the Middle East, and MTD MEC T&C will take up that responsibility with their sustainability initiatives to improve the water balance in the Middle East.  

The agreement to setup the JV was signed by Madaeen Al Doha Group Chairman, Sheikh Faisal Bin Jassim Al Thani and Managing Director of MTD Group, Hans Verhoeven, in Doha, recently. 

Commenting on the agreement, Sheikh Faisal Bin Jassim Al-Thani, Chairman Madaeen Al Doha Group said, “We are very honoured to be the first joint venture partner of MTD in the Middle East region and also very optimistic about the support that a unique company like MTD can bring to Qatar and the region. Our country will continue to host international sporting events in the coming years and MTD will continue to support us to deliver unforgettable experiences. In addition to that sectors like the oil and gas and public services can really benefit from this unique water solution.”

Managing Director of MTD Group, Hans Verhoeven expressed his excitement, “For MTD, this is our first company in the Middle East after our first project for the Asian Games in Doha, 2006. In recent years, MTD has worked regularly in Qatar, including the recent FIFA Club World Cup 2021. Now, it was time for us to take the next step, to setup our own MTD Company with an office and depot to support our growing international customer portfolio. We are expecting a sustainable growth for our joint venture MTD MEC T&C LLC, not only in view of the upcoming events like the FIFA ARAB Cup and FIFA World Cup but also with businesses in other sectors like: public services, temporary housing and offshore.”

Richard van Klinken, Operations Director of MTD Group said, 'We are very happy that Konstantin Peunov, Operations Director Middle East, and Janco Berkens, Operations Manager Qatar, have taken on the responsibility to grow the MTD business in Qatar. Our objective is local sourcing for the majority of our products and services and to also hire new local talent for our office.  We want to provide the right training which will enable them to install and service temporary water infrastructures and water treatment units efficiently.”

Kassem Ajineh Polanco, General Manager of the Madaeen Al Doha Group said, “We are proud that MTD has chosen our group for the joint venture, it is a pleasure to work with Dutch companies. We will offer all our support to the local MTD team with our extensive network and contacts in Qatar and bring added value to a successful joint venture in the coming years.”


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Roberto's Dubai Lifestyle Brand to Expand in Doha and Muscat

Highlight Your Beauty, Glow Up This Eid

Al Meera and QRCS Organise the Ramadan Crescent Festival to Raise Donations for ...

Faces Celebrates 30 Day of Kindness

Carnegie Mellon holds Online Welcome for Class of 2025

100 Days To Tokyo!

Ralph Lauren Debuts Team USA's Closing Ceremony Parade Uniform and Apparel Colle ...

QIB Partners with Further Fashion and Entertainment Brands Enhancing Customers' ...

Ramadan Kareem from Pandora

Mouawad Celebrates the Holy Month of Ramadan

Snoonu Raises $5 Million, The Largest Funding Secured to Date for a Qatar-Based ...

QIB Announces Ramadan Working Hours While Encouraging Customers to Continue Usin ...

Festival City Launches Ramadan-Inspired Cultural and Educational Displays under ...

Mondrian Doha Celebrates Ramadan with Exquisite Iftar & Suhoor Menus from its Cu ...

Qatar SportsTech Selects 10 Innovative SportsTech Startups for the Fourth Cohort ...

Celebrate the Essence of Giving this Ramadan with LOOTAH Perfumes

Home D├ęcor & Dining Selection For Ramadan

Festival City Donates 1000 Boxes of Essential Ramadan Food Supplies to Workers a ...

ACS Doha Students Inspired by Leading Innovators

Doha Festival City and QNTC Announce the Winners of the First-ever Digital Raffl ...