Strategic & Financial Solutions

Structuring sustainable water infrastructure solutions

Water infrastructure projects require more than technical expertise. They call for clear strategy, sound financial structuring, and disciplined risk management to ensure durable outcomes.

At Almar Water Solutions, we operate as strategic partners, supporting clients from early development through financial close and delivery.

By combining technical depth with financial and commercial judgement, we help structure water projects that are bankable, resilient, and scalable, across both municipal and industrial markets.

Our capabilities are organised around two core areas.

Two core capabilities

Core Strategic & Financial Capabilities

Water Strategy & Risk Management

Developing sustainable water infrastructure requires a clear understanding of water availability, demand, regulatory frameworks, and long-term risks.

At Almar Water Solutions, we go beyond advisory roles by acting as long-term partners, actively participating in the development and execution of water strategies. Our approach is based on aligning our interests with those of our clients, taking an active role in structuring, managing, and mitigating project risks.

We support clients in defining water strategies that integrate operational needs, environmental constraints, and financial considerations, ensuring long-term water security and project viability.

Our scope

  • Water demand and supply assessment
  • Risk analysis (operational, environmental, regulatory)
  • Water sourcing and supply strategy
  • Resilience and climate adaptation planning
  • Integration of alternative water sources (desalination, reuse)
Value delivered

By acting as partners and participating in project development, Almar assumes a direct role in project risk management. This alignment of interests ensures that risks are properly identified, structured, and mitigated, resulting in more resilient, bankable, and operationally robust water solutions. In many cases, this involves actively participating in project structures where Almar shares and manages key risks alongside its partners.

Project Structuring, PPP & Project Finance

Water infrastructure projects often require complex financial structures and long-term contractual frameworks.

Almar supports the structuring and development of projects under a wide range of delivery and financing models, including Public-Private Partnerships (PPP), Build-Operate-Transfer (BOT), Build-Own-Operate-Transfer (BOOT), and concession schemes, ensuring bankability and optimal risk allocation aligned with project requirements.

Our scope

  • Project structuring and commercial model definition
  • PPP, BOT, BOOT, and concession structuring
  • Financial modeling and investment structuring
  • Risk allocation and contractual framework design
  • Support through financing processes and financial close
Value delivered

This approach enables the development of financially viable and bankable projects, mobilizes private and institutional investment, and ensures long-term project sustainability through well-defined contractual and financial structures.

Track record

Proven Track Record in Complex Projects

Almar has successfully structured and delivered water infrastructure projects in some of the most challenging environments, combining technical expertise with financial and contractual innovation.

Flagship projects

Shuqaiq 3 Independent Water ProjectSaudi Arabia

01 · Flagship project

Shuqaiq 3 Independent Water Project

One of the world's largest seawater desalination plants, developed under a PPP/IWP model, delivering large-scale potable water supply in Saudi Arabia.

Model

PPP

Independent Water Producer (IWP) / BOT

Term

25 years

Water offtake agreement

Participation

30%

Equity stake in the SPV

Investment

USD 610M

Total project investment

Role

Developer, investor, and operator

This project demonstrates Almar's ability to structure and deliver large-scale, bankable infrastructure under long-term concession frameworks, supported by a long-term water purchase agreement with a government offtaker.

02 · Flagship project

Centinela Water Supply System

A strategic industrial water infrastructure project supplying seawater to mining operations in northern Chile through long-distance transmission systems.

Model

BOOT

Build-Own-Operate-Transfer

Term

16 years

Concession with take-or-pay structure

Participation

50%

Equity stake in the SPV

Investment

USD 1.5B

Total project investment

Role

Developer, investor, and operator

Recognitions

  • Latin America Water Deal of the Year — IJGlobal
  • Americas Infrastructure Deal of the Year — PFI
  • Natural Resources Finance Deal of the Year — GBM, Latin America

This project is a benchmark transaction in the mining water sector, demonstrating Almar's ability to structure complex, award-winning infrastructure projects in partnership with leading financial institutions.

Centinela Water Supply SystemChile
Zuluf Water Treatment ProjectSaudi Arabia

03 · Flagship project

Zuluf Water Treatment Project

A large-scale industrial water treatment project supporting offshore energy production facilities in Saudi Arabia.

Model

BOOT

Build-Own-Operate-Transfer

Term

25 years

Concession agreement

Participation

51%

Equity stake in the SPV

Investment

USD 400M

Total project investment

Role

Majority investor, developer, and operator

This project reinforces Almar's capability to structure and deliver critical water infrastructure in highly demanding industrial environments.

Bankable & resilient

Enabling Bankable and Resilient Water Solutions

Strategic and financial structuring is essential to unlocking water infrastructure projects.

By combining water strategy, risk management, and financial structuring, Almar enables projects that are not only technically robust, but also financially viable and resilient over time.

From strategy to financial close, Almar Water Solutions supports the development of sustainable and bankable water infrastructure projects.

Structuring the future of water infrastructure

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