Metito Conferred the Frost & Sullivan 2009 Market Leadership Award for Middle East
Frost & Sullivan felicitated Metito
with the 2009 Market
Leadership Award in the Middle East Water and Wastewater Treatment Market.
The award is recognition of Metito's leadership position in the regional
water and wastewater treatment market, be it in terms of market share or
market coverage. Metito's emphasis on excellence and economy has helped the
company maintain its edge over competition in this fiercely competitive
market with over 115 local and international players.
The Frost & Sullivan market leadership award is bestowed upon
the company that has demonstrated excellence in capturing and holding
significant market share within its industry or product markets, serving
deeper pockets in market and generating immense visibility through
initiatives connecting directly with its customers. The recipient of this
award is chosen after assessing the nominees on the basis of predetermined
criteria through extensive research. The research process involves collecting
information through primary research with industry experts, market
participants, end-users, and other value chain players, and supplementing
that with reliable 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 a great achievement and Metito is proud to
be the recipient of this prestigious award. This is proof of our commitment
to be the best at what we do and to provide the best possible services to our
clients. Achieving this award wasn't easy, but we're glad to see that our
efforts are starting to pay off."
Mr. Y. S. Shashidhar, Vice President & Country Director, South
Asia-Middle East & North Africa, Frost & Sullivan, said, "Metito has
demonstrated excellence in capturing significant market share within the
industry by serving wide client base and market coverage. It has successfully
leveraged its long standing presence in the region and deeper understanding
of regional culture gained over these years to capture and hold a dominant
market position. Because of its dominant market position in water and
wastewater treatment systems market across the Middle East, we feel that
Metito deserves the Market Leadership Award."
The Middle East water and wastewater treatment equipment
market is currently valued at $1.265 billion. Presently the market is
witnessing subdued demand and market prospects have been overshadowed due to
short term concerns. However the long term drivers for the market remain
intact. Accordingly the market is likely to clock an annual growth rate of
12.8% (CAGR) post 2010.
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