Mirfa 2 RO Plant in UAE Secures $620m for Financial Closure

The Mirfa 2 water desalination project in Abu Dhabi has secured funding of AED2.3bn ($620m), achieving financial closure for the UAE’s third-largest reverse osmosis plant. The project will be primarily funded through debt financing from local and international banks, including Abu Dhabi Islamic Bank, BNP Paribas Fortis, Sumitomo Mitsui Banking Corp., The Norinchukin Bank, BNP Paribas and KfW IPEX-Bank. The Mirfa 2 RO plant will produce approximately 550,000 cubic meters of potable water daily and is expected to be operational by Q4 2025. The plant will leverage efficient RO desalination, up to six times more efficient than traditional thermal desalination, and will enable plant operators to reduce carbon emissions by decoupling water and power generation processes.