PRNewswire/ Frost & Sullivan felicitated Metito with the 2009 Market Leadership Award in the Middle East Water and Waste water Treatment Market.
The award is recognition of Metito's leadership position in the regional waterand wastewater treatment market, be it in terms of market share or market coverage. Metito'semphasis on excellence and economy has helped the company maintain its edge over competition inthis fiercely competitive market with over 115 local and international players.
TheFrost & Sullivan market leadership award is bestowed upon the company that has emonstratedexcellence in capturing and holding significant market share within its industry or productmarkets, serving deeper pockets in market and generating immense visibility through initiativesconnecting directly with its customers. The recipient of this award is chosen after assessing thenominees on the basis of predetermined criteria through extensive research. The research processinvolves collecting information through primary research with industry xperts,market participants, end-users, and other value chain players, and supplementing that withreliable secondary information as well as our own ongoing proprietary industry research.
Fady Juez, Managing Director of Metito who received the award on their behalf commented "This is agreat achievement and Metito is proud to be the recipient of this prestigious award. This is proofof our commitment to be the best at what we do and to provide the best possible services toour clients. Achieving this award wasn't easy, but we're glad to see that our efforts are startingto pay off."
Mr. Y. S. Shashidhar, Vice President & Country Director, South Asia-MiddleEast & North Africa, Frost & Sullivan, said, "Metito has demonstrated excellence in capturingsignificant market share within the industry by serving wide client base and market coverage. Ithas successfully leveraged its long standing presence in the region and deeper understanding ofregional culture gained over these years to capture and hold a dominant market position. Because ofits dominant market position in water and wastewater treatment systems market across the MiddleEast, we feel that Metito deserves the Market Leadership Award."
The Middle East waterand wastewater treatment equipment market is currently valued at $1.265 billion. Presently themarket is witnessing subdued demand and market prospects have been overshadowed due to short termconcerns. However the long term drivers for the market remain intact. Accordingly the market islikely to clock an annual growth rate of 12.8% (CAGR) post 2010.