Dubai Multi Commodities Centre (DMCC) on Tuesday announced signing a memorandum of understanding (MoU) with Fresh Water Norway, aiming to explore expanding the water supply chain and bolster water security in the region.
The collaboration, which stands to support Fresh Water Norway’s UAE foothold and expand its water supply chain through the region, could see a staggering 1 billion litres of pure natural drinking water flow through Dubai every year, over a period of 50 years.
The latest announcement is timed to coincide with DMCC’s plans to launch its own water centre – a move triggered in part by concerns at global water insecurity and volatility of supply.
Further details on the DMCC project are expected to be announced in the coming months.
The MoU, seen as a core strategic collaboration for both parties, will enable Fresh Water Norway to avail DMCC’s world-class services, global connections and network across supply chains.
Ahmed Bin Sulayem, executive chairman and chief executive officer of DMCC, said the partnership with Fresh Water Norway came at a time when initiatives were needed more needs to be done urgently o deal with major environmental and social challenges such as global water insecurity and high water stress facing countries, as well as the plastic crisis in our oceans.
“Fresh Water’s unique access to 1 billion litres of pure natural drinking water a year, combined with DMCC’s unrivalled trade infrastructure and connectivity, provides a significant opportunity to address the imminent global challenge in the long-term,” he said.
Alf Andersen, chairman, Fresh Water Norway, said whether exported in bulk for emergency water supply and storage, or ready-made for market consumption in fully recyclable packaging, the company’s operations in Dubai and the region would enhance access to pure natural drinking water, and significantly reduce use of plastics.
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