Economy and Business

Maldives inks water deal with UAE company

The Maldives Environment Ministry has inked a US$8.6 million (Maldivian Rufiyaa MVR133 million) contract with the UAE-based Water Engineering Services FZE to establish drinking water facilities on 32 islands.

Sep 21, 2018
The Maldives Environment Ministry has inked a US$8.6 million (Maldivian Rufiyaa MVR133 million) contract with the UAE-based Water Engineering Services FZE to establish drinking water facilities on 32 islands.
 
Facilities on seven islands will reportedly be funded from the state budget and loans from OPEC Fund for International Development (OFID).
 
More than MVR104 million for the other 25 islands comes from the Green Climate Fund.
 
The 10-month project involves setting up tanks to store rainwater along with units to filter, disinfect and store clean water.
 
The contract was signed just three days before the presidential election, the Maldives Independent reported.

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