GS Inima, the project owner for IWP plant in Barka, has signed a financing agreement with the Export-Import Bank of Korea and KEB Hana Bank.
The project cost is estimated at US$130 million, 70% of which will be provided by Export-Import Bank of Korea and 30% will be provided by KEB Hana Bank.
The desalination Independent Water Plant (IWP) will have a capacity to process approximately 100,000 m3 per day. GS Inima expects to start operations for the IWP plant in 2024. It has a concession period of 20 years.
Country updates
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March 25, 2022
Cooperation agreement signed for waste-to-energy project in Barka
The Oman Power and Water Procurement Company (OPWP) and Oman Environmental Service Holding Company S.A.O.C (be'ah) have signed a memorandum of cooperation for the development of a waste...
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March 08, 2022
RFQ launched for 42 schools PPP project in Oman
The Ministry of Finance in Oman has launched a request for qualification seeking private partner to develop 42 schools across the country. The private partner will be responsible for design, construct...
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December 20, 2021
Oman launches RFEOI for Liwa fishery harbor PPP project
The Ministry of Agriculture and Fisheries in Oman has launched a request for expression of interest seeking private partners for the construction, management, operation and maintenance of Liwa fishery...
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November 25, 2021
Oman launches EOI for Suwaiq port expansion
ASYAD in Oman has launched a request for expression of interest (RFEOI) for the expansion of the existing Suwaiq port and the development of additional infrastructure facilities. The aim is to convert...
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October 18, 2021
New partnership for green ammonia project in Oman
ACME Group has announced a new partnership with KBR Technology for the development of the Hydrogen and Ammonia project in Oman. The US$3.5 billion project involves the construction of a hydrogen and...
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