Abu Dhabi, UAE – Orascom Construction and Metito, in collaboration with Abu Dhabi National Oil Company PJSC (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA), have achieved financial close at an impressive pace for a large-scale seawater treatment and water transportation project in Abu Dhabi, Invest-Gate reports.

This mega greenfield project will significantly advance the Emirate’s water infrastructure under a build, own, operate, and transfer (BOOT) concession model with a 30-year tenor. The project includes the construction of a seawater nanofiltration plant with a treatment capacity exceeding 110 mn imperial gallons per day (500,000 m3/day).

Additionally, it involves the installation of a 75 km water transmission pipeline and an extensive in-field distribution network spanning over 230 km. These infrastructure developments will play a crucial role in maintaining reservoir pressure in the Bab and Bu Hasa fields in Abu Dhabi.

With the successful financial close, the project can progress rapidly on the Engineering, Procurement, and Construction (EPC) front. Commercial operations are expected to commence in June 2026.

Moreover, the project’s estimated cost of $2.2 bn will be financed through debt and equity. The consortium has secured non-recourse project financing from prominent financial institutions, including Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Commercial Bank of Dubai, Emirates Development Bank, Emirates NBD Bank, First Abu Dhabi Bank, Gulf International Bank, Natixis, and Warba Bank. Their support highlights the significance and viability of the project.