GS Inima and Partners Secure Financial Close for Ghubrah III Desalination Plant in Oman
A USD 370 million investment paves the way for Oman’s largest desalination plant, boosting water security and sustainability with cutting-edge reverse osmosis technology.
GS Inima positioned as one of the Groups with the largest volume of plants in terms of concessions and with the longest history in reverse osmosis desalination, and its partners Aljomaih Energy and Water Company, a leading Saudi investor, developer, and operator of utility and infrastructure projects and SOGEX Oman, a company which contributed remarkably in the development of Sultanate of Oman, have reached financial close to design, build, operate and maintain Ghubrah III Desalination Plant in Oman. This marks a significant milestone in GS Inima’s, Aljomaih Energy and Water Company and SOGEX Oman commitment to develop one of the region's most important infrastructure projects in terms of water supply and sustainability.
The Ghubrah Desalination Plant, with a production capacity of 300.000 cubic meters of desalinated water per day, will be financed by a group of international and local banks, including KEXIM, Standard Chartered and Bank Dhofar. Utilizing Reverse Osmosis technology, the Ghubrah 3 desalination plant exemplifies Oman's commitment to sustainable water management and infrastructure development in line with the national objectives of Vision Oman 2040.
This new agreement, which was reached last December, is another example of GS Inima's commitment to Oman and the entire Middle East market, working with equity partners and stakeholders to deliver innovative, sustainable solutions while creating economic development opportunities for local communities.
The plant, that will be designed and built by GS Inima as EPC contractor, it is expected to start commercial operation in the first quarter of 2027 representing a significant step towards enhancing water security in the Sultanate of Oman. Nama Power and Water Procurement Company selected GS Inima with a 52% stake in partnership with Aljomaih (with 24%) and SOGEX Oman (with 24%) for this project’s concession contract for 20 years.
For the Ghubrah III IWP project, SOGEX partnered with GS Inima and Al Jomaih Energy & Water Company, effectively blending local expertise with international capabilities. The company played a critical role in liaising with government agencies, financial institutions, and key ministries, culminating in the successful financial closure of the project.
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