
GS Inima , a leading entity in the global water sector, is recognized for having one of the largest portfolios of desalination plants and a long-standing history in reverse osmosis technology. In collaboration with its partners, Aljomaih Energy and Water Company, a prominent Saudi investor and developer of utility projects, and SOGEX Oman, which has significantly contributed to Oman’s development, they have successfully reached financial closure for the design, construction, operation, and maintenance of the Ghubrah III Desalination Plant in Oman.
This achievement marks a pivotal moment in the commitment of GS Inima, Aljomaih Energy and Water Company, and SOGEX Oman to advance a vital infrastructure project focused on water supply and sustainability in the region.
The Ghubrah Desalination Plant will produce 300,000 cubic meters of desalinated water daily and will receive funding from a consortium of international and local banks, including KEXIM, Standard Chartered, and Bank Dhofar. Employing Reverse Osmosis technology, this plant exemplifies Oman’s dedication to sustainable water management and infrastructure development, aligning with the national goals outlined in Vision Oman 2040.
Carlos Valencia, CFO of GS Inima, stated, “Finalizing this transaction is a significant accomplishment for our company. This success is attributed to the collaborative efforts of our client, Nama Power and Water Procurement Company, our partners, financial institutions, and GS Inima. Ghubrah reinforces our role as a financing partner for our clients and enhances our recurring revenue, supporting GS Inima’s future expansion.”
This new agreement, finalized last December, further illustrates GS Inima’s dedication to Oman and the broader Middle East region, collaborating with equity partners and stakeholders to deliver innovative and sustainable solutions while fostering economic development for local communities.
Marta Verde, CEO of GS Inima, remarked, “This financial closure represents a crucial milestone for GS Inima, reinforcing our leadership in the water treatment industry and our commitment to sustainability and innovation in large-scale projects. The Ghubrah Desalination Plant, which has advanced swiftly since its inception, serves as a prime example of how technology and international partnerships can address water challenges in arid regions.”
The plant, designed and constructed by GS Inima as the EPC contractor, is anticipated to commence commercial operations in the first quarter of 2027, marking a significant advancement in enhancing water security in Oman. Nama Power and Water Procurement Company selected GS Inima, which holds a 52% stake, alongside Aljomaih (24%) and SOGEX Oman (24%) for the project’s 20-year concession contract.
Mr. Ibrahim Al Jomaih, Chairman of the Board of Directors at Aljomaih Energy and Water Company, expressed, “The successful financial closure of Ghubrah III IWP is a proud achievement for Aljomaih Energy & Water, alongside our esteemed client, partners, and lenders. As one of the most strategic projects in Oman’s water sector, this initiative highlights our commitment to advancing innovative and sustainable solutions that align with long-term development goals. We are proud to contribute to this transformative effort in the Sultanate and look forward to launching operations in 2027, setting a new standard for excellence in water infrastructure.”
For the Ghubrah III IWP project, SOGEX collaborated with GS Inima and Aljomaih Energy & Water Company, effectively merging local expertise with international capabilities. The company played a vital role in coordinating with government agencies, financial institutions, and key ministries, leading to the successful financial closure of the project.
“Achieving financial closure for the largest and most significant water project in Muscat is an extraordinary accomplishment for our entire team. This milestone was made possible through the steadfast support of Nama Power and Water Procurement Company—a subsidiary of Nama Holding Company, the Authority for Public Services Regulation (APSR), and both international and local lenders who recognized the strength and reliability of the Omani regulated power and water sector as a compelling opportunity.”
Source : GS Inima