Suez secures €2 billion water management deal in Oman.

French water and waste management firm Suez has secured a €2 billion ($2.28 billion), 15-year contract to operate and maintain water and wastewater services in Oman, marking its largest contract ever in the Middle East.

The announcement came during Omani Sultan Haitham bin Tarik's visit to France and coincides with President Emmanuel Macron's efforts to strengthen economic relations with Gulf nations, particularly in sectors such as infrastructure, energy, and water security.

The contract was granted by the Oman Water and Wastewater Services Company, known as Nama Water Services, to Suez along with Omani partners National Trading Company and National Energy Center.

It encompasses water and wastewater services for Muscat and the North Sharqiyah and South Sharqiyah governorates, which together serve a population of 2.3 million people.

The goal is to decrease water losses from 34% to 11% by 2040.