{"id":107473,"date":"2025-09-15T00:00:00","date_gmt":"2025-09-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/gccia-inks-usd-500-mn-financing-agreement-for-uae-oman-power-link\/"},"modified":"2025-09-15T00:00:00","modified_gmt":"2025-09-15T00:00:00","slug":"gccia-inks-usd-500-mn-financing-agreement-for-uae-oman-power-link","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/09\/15\/gccia-inks-usd-500-mn-financing-agreement-for-uae-oman-power-link\/","title":{"rendered":"GCCIA inks USD 500 mn financing agreement for UAE-Oman power link"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>GCC eyes Oman power link:<\/strong> The GCC Interconnection Authority (GCCIA) signed a USD 500 mn interim financing agreement with Oman\u2019s Sohar International Bank to fund a new 530-km electricity interconnection between the UAE and Oman, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15rm9tx-500-million-agreement-finance-oman%E2%80%93gulf\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The line will run from GCCIA\u2019s Al Sila station in the UAE to a new Ibri station in Oman via a 400-KV double-circuit transmission line.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">We knew this was coming: <\/strong><span style=\"background-color: transparent;\">The move was flagged <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/90dd0176-3ae6-419f-bec7-d47f213106b3\/this-morning:-uae-on-track-to-surpass-saudi-arabia-in-construction-contracts-for-the-first-time-in-years\" rel=\"noopener\">In June<\/a><span style=\"background-color: transparent;\">, when the GCCIA said new interconnections with Kuwait, Oman, and southern Iraq \u2014 worth over USD 1 bn \u2014 were in the pipeline. The authority said <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f3c9e723-64fa-4c6a-bbf2-691b62c695ed\/this-morning:-adnoc-eyes-acquisitions-of-natgas-fields-in-the-us--report-%2B-sharjah%25e2%2580%2599s-economy-to-grow-7.5%2525-this-year%3F\" rel=\"noopener\">in March<\/a><span style=\"background-color: transparent;\"> that contracts for the UAE-Oman link would be awarded by mid-year to hit a 2027 completion target, when it also disclosed receiving 8-10 bids.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the only grid link: <\/strong>GCCIA also signed an AED 752 mn (c. USD 205 mn) financing agreement with the Abu Dhabi Fund for Development in June to expand interconnections between the UAE and Saudi Arabia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture: <\/strong>The Gulf Electricity Interconnection Project already runs some 913 km from Kuwait to Oman, linking all six GCC states. Expansion works aim to boost capacity, strengthen emergency response, and widen cross-border power trade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The link will connect GCCIA\u2019s Al Sila station in the UAE to a new Ibri station in Oman<\/p>\n","protected":false},"author":1,"featured_media":107474,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1630],"tags":[143,7,161],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","tag-energy","tag-enterpriseam-uae","tag-infrastructure","wpautop","entry"],"acf":{"mongo_id":"920ad901-b54e-45c6-8a5b-db40619c7cc9","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/602.jpg","photo_position":"above","homepage_title":"","full_issue_title":"GCCIA inks USD 500 mn financing agreement for UAE-Oman power link","related_issue":[107468],"teaser":"The link will connect GCCIA\u2019s Al Sila station in the UAE to a new Ibri station in Oman","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.2bddefa9-788b-4527-a7cf-649737fd4dd0.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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