Waterman Targets Middle East for Expansion

— Water sector contractor Waterman Industries has formed a joint venture with Toronto-based Bisan to increase sales in the Middle East. After a 2004 bankruptcy, Waterman has rebuilt itself to renew expansion in the sector. In its press release, the company said Waterman-built water-control gates and valves could soon be used in multimillion-dollar projects in Saudi Arabia, Kuwait, Qatar, Bahrain and other nations. Increased crude oil prices have sparked a wave of massive projects throughout the Persian Gulf, often symbolized by the multibillion-dollar development of extravagant resorts and commercial properties...