Dubai-based water treatment company Metito aims at building floating desalination plants in Egypt, CEO Karim Madwar Al Borsa Newspaper.

The company is seeking to arrange the required financing for implementing this project through a number of financing entities, including the Japan International Cooperation Agency (JICA) and the European Bank for Reconstruction and Development (EBRD), Madwar said.

The Emirati company has already submitted its proposal regarding this project to the Egyptian government, represented in the Ministry of Housing, he said.