Executing contract, Suez wins $2.28 billion water contract in Oman

French water and waste company Suez secured a €2 billion ($2.28 billion) contract to operate and maintain water and wastewater services in Oman for 15 years, the company announced on Monday. The deal represents Suez’s largest contract in the Middle East.

Oman Water and Wastewater Services Company, known as Nama Water Services, awarded the contract to Suez alongside Omani partners National Trading Company and National Energy Center.

The contract covers water and wastewater services for Muscat and the North Sharqiyah and South Sharqiyah governorates. The service area includes 2.3 million people.

The agreement was announced during Omani Sultan Haitham bin Tarik’s visit to France. President Emmanuel Macron seeks to strengthen economic ties with Gulf states in sectors including infrastructure, energy, and water security.

The project aims to reduce water losses from 34% to 11% by 2040.