Frost & Sullivan has conferred Metito with the 2009 Market Leadership Award in the Middle East Water and WastewaterTreatment 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.

“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,” said Fady Juez, managing director of Metito.

“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,” added Y S Shashidhar, vice president and country director, South Asia-Middle East and North Africa, Frost & Sullivan.

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 per cent (CAGR) post 2010, according to a statement.-TradeArabia News Service