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FINANCIAL NEWS
Ghubrah IWP desalination plant to be completed in 2014
28 Jul 2013
(MENAFN) Japanese Sumitomo Corporation, Malakoff Corporation, Berhad and Cadagua are getting ready to procure a loan for the funding of a private desalination plant in Muscat named Ghubrah IWP, Times of Oman reported.
The Oman Power and Water Procurement Company handed the project in November last year. Malakoff and Sumitomo own 45 percent each in the Muscat City Desalination Company (MCDC), the project company, while the remaining 10 percent are held by the Spain-based Cadagua.
The desalination plant is estimated to supply the gulf sultanate with a daily 190,000 cubic metres of fresh water for as long as 20 years. The project, capable of supplying 800,000 residents, is seen completed in October 2014.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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