Gov't, Siemens to set up water team

The water technologies market is growing 7%-8% each year and has the potential to reach some $400 billion, the ministry said.

Industry, Trade and Labor Minister Ehud Olmert and German technology giant Siemens AG have agreed to establish a joint team of experts to study ways to increase collaboration in developing water technologies between Siemens and Israeli industry. The Industry, Trade and Labor Ministry said Sunday the two sides reached the decision during Olmert's meeting with Siemens chairman Heinrich von Pierer last week in Jerusalem. The water technologies market is growing 7%-8% each year and has the potential to reach some $400 billion, the ministry said.