Umm Al Hayman Wastewater Project Advances Towards Operations and IPO Plans
Kuwait's Umm Al Hayman Wastewater Treatment Project is set to initiate full commercial operations, with an IPO process underway. The project, valued at approximately $1.8 billion, will enhance wastewater treatment capacity and facilitate equity growth through a public offering.
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The Umm Al Hayman Wastewater Treatment Project, valued at around $1.8 billion, is nearing full commercial operations, aiming for a capacity of 500,000 m3/day. The project, executed under a Public Private Partnership model, combines a 25-year Build-Operate-Transfer scheme and a 3-year Design-Build-Operate scheme.
As of June 2025, the facility began operational activities in late 2023 and is producing treated sewage effluent. Kuwait Authority for Partnership Projects has initiated a tender for advisory studies related to a 50% stake IPO in Umm Al Hayman for Wastewater Treatment Company, extending the submission deadline to April 30, 2026.
The project is strategically positioned to serve southern Kuwait and has potential for future expansion to 700,000 m3/day. The anticipated IPO could significantly influence IFA's net equity, with projected returns of 13.5% on investment.
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