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Infrastructure & PPPs in Oman, Qatar and Kuwait - Q1 2024 Update

We have covered key developments in PPP and infrastructure across Oman, Qatar and Kuwait in our latest insight for Q1-2024. The three countries have ambitious plans for infrastructure development and have shown keen interest to use PPPs as an emerging modality for such projects across varied sectors. This has attracted international investors who have committed to take part in this infrastructure growth, including through MoUs and bilateral negotiations.

Read the key developments in Infrastructure and PPPs in key GCC countries in our latest insight of the Q1 2024 series.

 

Oman

OMAN LAUNCHES 500 MW SOLAR TENDER

Oman’s Nama Power and Water Procurement (OPWP) has launched a tender for the development of a 500 MW solar project. OPWP is seeking RFQs by 19 February for its fourth solar plant, called Ibri III, which will be located in the city of Ibri in northwestern Oman. OPWP will purchase the power produced by the project, first in December 2022, under a PPA. The Ibri II solar project also had a 500 MW capacity and in 2020, backed by an ACWA Power-led consortium.

Last March 2023, OPWP awarded the to Korea Western Power, which reached financial close in December after securing USD 343 Mn (EUR 320 Mn) of debt.


OMAN LAUNCHED MINISTRY HEADQUARTERS PPP

The government of Oman launched a PPP for the development of a new headquarters to serve the Ministry of Commerce, Industry and Investment Promotion (MOCIIP). The Ministry of Finance together with the MOCIIP published the DBFOM tender for the Oman Business Gateway project.

The Sultanate have  previously launched a PPP for the development of 42 new schools, which have attracted 10 investors as well as a project for the development of a new treatment and rehabilitation clinic. The Oman Power and Water Procurement company launched a tender for the development of the 500 MW Ibri III solar plant PPP.

 

OMAN TARGETS 11 PPP PROJECTS FOR IMPLEMENTATION IN 2024

The Omani government expects to advance the implementation of up to 11 major projects and initiatives as part of its strategic Public-Private Partnership (PPP) program. The projects are included in the State Budget for 2024 and cover a number of industries, including construction, health, education, agriculture and fisheries, information and communications technology (ICT), and transportation and logistics.

  • Under a different Public –Private Partnership (PPP) program, private actors are also encouraged to operate and maintain health facilities for the Health Ministry in the governorates of Muscat, Al Batinah North, and Al Batinah South.

  • The Salalah – Thamrait Truck Road project is a major project that is expected to operate in 2024. A competitive tender is now being held for it in collaboration with the Ministry of Transportation, Communications, and Information Technology.

  • Private-led investment in a road project linking Al Maabela in Muscat Governorate with Thamid in the Wilayat of Bidbid in Al Dakhiliyah Governorate.

  • In Health Sector, the Finance Ministry is looking to the private sector for expertise and investment in the "management, operation and development" of the Ministry of Health's diagnostic centers in the Governorate of Muscat

  • A plan for the construction and management of a drug rehabilitation facility in Suhar is the another PPP project that is scheduled for implementation this year. It is intended that the Taafi Suhar Center will be cutting-edge de-addiction and rehabilitation center that helps drug and alcohol addicts reintegrate into society.

  • A Public- Private Partnership ( PPP) deal is also under consideration to operate the public school buses owned by the Education Ministry, which would be transferred to a private operator.

 

QATAR

 ASHGHAL AND URBACON SIGN CONTRACT TO CONSTRUCT 14 SCHOOLS IN QATAR

A public-private partnership (PPP) concession agreement has been signed between Urbacon Trading and Contracting and public works authority Ashghal for the second package of the Qatar Schools Development Programme.

This contract will be carried out in cooperation with the Ministries of Education and Higher Education in Qatar as well as the Ministry of Commerce and Industry. It is for the building of 14 schools.  The first package of 8 schools were already completed through a PPP.

The second package comprises five primary schools, four preparatory schools, three secondary schools, and two science and technology schools across various locations, designed to accommodate a total of more than 10,000 students.  

 

KUWAIT

KUWAIT LAUNCHES 1.1 GW SOLAR PPP

Kuwait has launched a PPP tender for the development of the 1.1 GW Al-Dabdaba and Al-Shaqaya PV project. The government have announced that the DBFOM project will be based in the Jahra Governorate, 100 km west of Kuwait City. Power from the new facility will be exported to the national grid and sold under a 30-year offtake agreement to the Ministry, which is procuring the PPP in collaboration with the Kuwait Authority for PPP Projects (KAPP).

 

KUWAIT LAUNCHES EUR 331 MN FIBRE NETWORK PPP

Kuwait has launched a USD 350 Mn (EUR 331 Mn) PPP for the rollout of a nationwide fibre broadband network. The Kuwait Authority for Partnership Projects (KAPP) and the Ministry of Communication (MoC) have requested interested bidders to submit their RFQs by 3 March for the 50-year DBFOM project.

The rollout, which will have a capex from USD 250 Mn to USD 350 Mn, will involve the upgrade of Kuwait's broad band network so that it can support internet speeds of up to 10 Gbps. The network will also be expanded to areas that are not yet covered, with the aim of reaching 90% coverage nationwide within 5 years. The project company will be registered as a joint stock company owned up to 44% by the winning consortium, with the government taking the rest. The leading company in the bidding consortium will take a 35% stake with the other members owning at least a 15% stake each.

 

KAPP EYES PPP ROLE IN DABDABA AND SHAGAYA PROJECTS

All specialized local and international businesses and alliances were urged to submit a qualification application by the Kuwait Authority for Partnership Projects (KAPP) for the Dabdaba Electric Power Generation Project and the third phase of the Shagaya Renewable Energy Project.

The government's strategy to launch the public-private partnership program, as well as the terms of the partnership between the two sectors, its executive regulations, and the Ministry of Electricity, Water, and Renewable Energy's cooperation.

The first project (Zone 1) is a renewable energy production plant with a net capacity of 1,100 MW of energy and is located within the Shagaya area in Jahra governorate, west of Kuwait City, about 100 km away.


 

 ABOUT YOG INFRA

Our objective is to drive economic growth and make positive social impact through sustainable infrastructure development.

​YOG INFRA is an infrastructure focused financial advisory firm. We work with Developers and Development Finance Institutions (DFIs) and help them make informed investment decisions across infrastructure development lifecycle.

With our offices in Singapore, India and UAE, we work on projects globally, and the team brings strong experience in supporting development of infrastructure projects.


For more information about us, our service offerings and team, please visit www.yoginfra.com Contact us at info@yoginfra.com


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