Marafiq achieves global first recognition, leads sustainability charge in Oman for water conservation

Marafiq achieves global first recognition, leads sustainability charge in Oman for water conservation

Dubai: Marafiq, a joint venture owned by OQ, a subsidiary of Oman Investment Authority (OIA), cemented its position as a sustainability leader by winning the prestigious Integrated Utilities Company of the Year award at the World Economic News Network's Sustainability Innovation Award 2023.

This award recognition that identifies sustainability-focused innovative projects in the Middle East validates Marafiq's ambitious ESG (environmental, social and governance) strategy aimed at enabling Oman's vision for a sustainable future.

With its state-of-the-art water network management in the Duqm Special Economic Zone, Marafiq achieved an unprecedented non-revenue water loss rate of just 9.1 per cent - one of the lowest globally. What makes it even more impressive is that the loss percentage in water networks worldwide is around 20% and in some cases even reaches 35 per cent, causing severe economic and environmental losses.

The glorious award ceremony held in Dubai, United Arab Emirates (UAE) celebrated Marafiq's commitment to optimize precious water resources in pursuit of the UN's Sustainable Development Goals, Oman Vision 2040, and the Sultanate's net zero targets for 2050.

Abdullah Al Hashimi, Managing Director of Marafiq, said, "As a company founded on principles of sustainability, we implemented robust asset monitoring, data analytics and world-class practices to minimize water