Metito has developed over 3,000 projects in more than 50 countries across Africa, Eastern Europe, the Middle East and Southeast Asia.
But it wants to do more. To meet the increasing international water demand, Metito has used a $120 million Sustainability-Linked Loan (SLL) from HSBC to further its ability to move into new markets and enhance its presence in key markets where its developing large-scale projects.
Talal Ghandour, Chief Investment Officer at Metito, said: “Metito’s vision to be the world’s leading provider of intelligent water management solutions is supported by the company’s three founding principles of Impact, Sustainability, Innovation. This loan underscores one of our key attributes of providing sustainable infrastructure to our municipal and industrial clients. The funding from HSBC and the wider consortium will strengthen our ability to grow across our target markets and marks an important step in our green transition and in achieving a circular economy through the provision of sustainable water infrastructure in nations that most need them.”