Almar Water Solutions, a leading business in developing and managing water infrastructure and services, and part of Jameel Environmental Services, is expanding its geographical presence in the Asia-Pacific market through a partnership agreement with Moya Indonesia, to jointly develop their water businesses across the region.
The first milestone of this agreement is the acquisition of a 50% stake in Obor Infrastructure by Almar Water Solutions. This marks Almar Water Solutions’ second entry into urban services markets, following the acquisition of 50% of Aguas San Pedro in Chile in 2022. The collaboration underscores Almar Water Solutions’ commitment to supporting local communities by creating regional service platforms with local partners.
Obor Infrastructure, a holding enterprise established in Singapore, owns two water companies, each operating a water treatment plant on the Indonesian island of Java, with a total capacity of 425,000 m3/day, and plans to increase the capacity by an additional 160,000 m3/day in the short to medium term. They supply drinking water to several districts in Greater Jakarta, the second-largest urban area on the planet.
This partnership agreement draws on the value of Moya Indonesia’s extensive experience and knowledge of the local market, combined with the global experience and capabilities of Almar Water Solutions in the development, financing and management of water infrastructure and service enterprises.
The aim of both parties is to jointly develop opportunities across the Asia-Pacific region, from large desalination, water and wastewater treatment projects to the management of urban and industrial services, and the development of technological solutions in the field of digitalization.
Carlos Cosín, CEO of Almar Water Solutions, said: “Asia Pacific is a key market for Almar Water Solutions, where we can provide value in infrastructure management, open the industrial market in the region, bring digital transformation to the country and provide solutions based on non-conventional technologies that increase the availability of water resources. Entering the market accompanied by Moya Indonesia is a privilege; the company is a leader in water treatment in Indonesia and is a strategic player in the water sector in the region. This transaction also reaffirms our commitment to the urban water market, improving the supply of drinking water and the lives of millions of people in the region.”
As part of its expansion in the region, Almar Water Solutions recently acquired 70% of Aqualyng, a comprehensive water platform with deep expertise in Engineering, Procurement, and Construction (EPC), and Build-Operate-Transfer (BOT) projects in Australia.
