British PPP investor Carillion and Oman’s sovereign wealth fund have signed an agreement for the development of several hospital projects across Oman.

Carillion already operates in a number of Gulf Cooperation Council (GCC) through joint ventures such as Al Futtaim Carillion in the UAE and Carillion Alawi in Oman. 

In a note accompanying its full-year accounts for 2015, The Company said:

“We have signed a memorandum of understanding with the Oman Investment Fund, a sovereign wealth fund of the Sultanate of Oman, to develop opportunities for Public Private Partnership projects in the healthcare sector, using our experience as a global market leader in this form of project finance”

Squire Patton Boggs is advising the Oman’s government on the implementation of its new public-private partnerships (PPP) law and the legislation would be in place by this summer.

Edward Johnson, Partner at Squire Patton Boggs, commented:

“The expect action is that their priority will be in the social infrastructure sector area. They’re looking at ways to develop islands and various other projects as tourism PPPs. That might be the most useful way for PPP to go, as a way of delivering social infrastructure rather than another means for financing power projects".

We have recently reported about a desalination PPP project in the Sultanate of Oman. The request for qualification (RFQ) was recently launched by the Oman Power and Water Procurement Company SAOC (OPWP). OPWP will be responsible for procuring the new capacity for power and water and for purchasing and selling the output in Oman. The water desalination will have a capacity of approximately 240,000m³/day (52.6 MIGD), and will be located across three sites.