- Present in the Middle East for more than 50 years, Veolia
generated sales of 1.1 billion euros in 2023 in the region through
its three core businesses (water, energy and waste), and employs
more than 11,000 people.
- The Middle East is a strategic zone for the Group, which has
decided to make it a geographic booster for its GreenUp 24-27
strategic plan.
- Veolia confirms its ambition and targets growth of +50% in the
region by 2030, based on its innovations in the fields of water
resource preservation, hazardous waste treatment and local
low-carbon energy production.
- World leader in desalination, Veolia plans to grow 2 times
faster than the market in the coming years and supplies its
cutting-edge reverse osmosis technologies to emblematic sites in
the region, including the Hassyan plant, the most energy-efficient
and the second largest in the world, the Hamriyah and Mirfa 2
plants (in the United Arab Emirates), as well as the Sur plant (in
Oman) and the Sadara-Marafiq plant (in Saudi Arabia).
Regulatory News:
During French President Emmanuel Macron's state visit to Saudi
Arabia, Veolia (Paris:VIE) unveils its growth ambitions in the
Middle East, a geographic booster of the GreenUp strategic
plan.
Committed to the region for over fifty years, the Group
leverages its international expertise and capacity for innovation
to facilitate the deployment of cutting-edge, tailor-made
solutions, particularly in the fields of water treatment, hazardous
waste, and decarbonizing local energy. After achieving sales of
1.1 billion euros in 2023 in the Middle East, Veolia is now aiming
for + 50 % growth by 2030.
This acceleration is based in particular on a genuine awareness
of the effects of climate change in the region. According to the
2024 Ecological Transformation Barometer conducted by Veolia, 86%
of Saudi residents (+22 points compared to 2022) and 81% of Emirati
residents (+20 points compared to 2022) now consider climate change
to be a reality.
To meet the challenge of ecological transformation in the Middle
East, continuing to offer its municipal and industrial customers
innovative solutions that meet their needs and fueling its
ambitions in terms of growth, Veolia relies on its international
expertise and its ability to adapt its innovations to local
issues.
In the water sector, at a time when the Middle East is
having to adapt to the consequences of climate change and cope with
the increasing scarcity of water resources, Veolia offers
comprehensive support for the water cycle. The Group innovates to
offer a mix of solutions for reusing water resources, supporting
the most water-consuming industries in their activities, and
successfully carrying out large desalination projects1. The
development of desalination capacities, which represent a potential
market of $97 billion between 2024 and 20281, is essential, as they
are today part of the mix of solutions needed to cope with the
increasing scarcity of water resources. Veolia is supplying its
cutting-edge technologies to the Hassyan desalination plant (United
Arab Emirates), the second largest in the world, supplying water to
2 million people; to the Hamriyah plant, supplying drinking water
to 1.4 million people; and to the Mirfa 2 plant, supplying drinking
water to 210,000 households in the United Arab Emirates. The Group
also equips the Sur plant in Oman with its reverse osmosis
technologies, and the Sadara-Marafiq plant in Saudi Arabia, which
has been operating since 2016 to supply industrial water to the
Jubail petrochemical complex. With an order book that is already
full. On desalination, Veolia plans to grow twice as fast as the
market over the coming years.
Veolia is also stepping up its efforts to decarbonize the region
by offering solutions for treating municipal, industrial and
hazardous waste and producing local decarbonizing
energy. In this area, for example, the Group is working
alongside Tarshid, the Saudi Standards, Metrology and Quality
organization, on the country's first energy performance contract,
which, thanks to a series of measures to optimize cooling systems,
will deliver 30% energy savings and avoid 4,630 tonnes of CO2
emissions every year. By 2023, 4.1 million tons of industrial waste
had been processed in the area, 149 MW of district cooling capacity
installed and 656 GWh of electricity saved alongside Enova since
2019, the joint venture created by Majid Al Futtaim and Veolia back
in 2002.
"The Middle East is a key region for Veolia, to the point that
we have decided to make it a geographical growth booster for our
GreenUp 24-27 strategic plan. Faced with the scarcity of water
resources, which is particularly intense in the region, the stakes
are immense. As a world leader in water technologies, we have a
major role in supporting Middle Eastern countries in the
implementation of solutions to mitigate and adapt to climate
change. Desalination, a booming market, represents a major
opportunity whose growth is set to continue in the coming years.
Our innovations in this field, as well as in REUSE technologies,
decarbonizing local energy production and hazardous waste
treatment, confirm our position as a global champion of ecological
transformation, to best support local players and build a desirable
future in the region", says Estelle Brachlianoff, Veolia's Chief
Executive Officer.
Veolia in the Near and Middle East
:
- 50+ years of activity in the
region in the water, waste and energy sectors for municipal and
industrial customers
- 1.1 bn turnover in 2023
- + 11,000 employees
- 6.72 million people connected to
sanitation by 2023
- 4.57 million people supplied with
drinking water by 2023
- 5 Mm3 of desalination capacity built
in the Middle East, representing 15% of installed capacity
in the region (through Sidem)
- + 75 mobile water treatment
units deployed
- 4.1 million tons of industrial
waste treated in 2023
- 656 million kWh in electricity
savings since 2019 with Enova
- + 600 KT of CO2 avoided
- + 350 KT hazardous waste
treatment capacity
Veolia in Saudi Arabia:
- 35+ years of activity
- €280 M turnover in 2023
- 2,500 employees
- 9 million people supplied with
water and wastewater services thanks to contract with Riyadh
National Water Company
- 200 Mm3 of treated wastewater
- 175 KT of CO2 avoided
- 280 KT hazardous waste treatment
capacity
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ABOUT VEOLIA
Veolia's ambition is to become the benchmark company for
ecological transformation. Present on five continents with nearly
218,000 employees, the Group designs and deploys useful and
concrete solutions for water, waste and energy management that help
to radically change the game. Through its three complementary
activities, Veolia contributes to developing access to resources,
preserving available resources and renewing them. In 2023, the
Veolia group served 113 million people with drinking water and 103
million with wastewater services, produced 42 terawatt-hours of
energy and recovered 63 million metric tons of waste. Veolia
Environnement (Paris Euronext: VIE) generated consolidated sales of
45.3 billion euros in 2023. www.veolia.com
1 Including OPEX and CAPEX - GWI Desalsata
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VEOLIA CONTACTS
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Aurélien Sarrosquy Charline Bouchereau Tel. + 33 (0) 1
85 57 86 25 presse.groupe@veolia.com
Selma Bekhechi - Ariane de Lamaze Tel. + 33 (0)1 85 57 84
76 / 84 80 investor-relations@veolia.com
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