Page 8 - MARAFIQ PR REPORT - SEPTEMBER 2024

Press Release

Marafiq recognised for pioneering sustainability initiatives

with 2 awards at Sustainability Innovation Awards 2024

• Reinforces Commitment to Sustainability with Green Initiatives in Duqm,

Supporting Oman’s ‘Vision 2040’ and Net Zero 2050 Goals

• Company’s cutting-edge Reverse Osmosis Plant reduces Power

Consumption by 57.75 per cent, significantly reducing emissions and
operational costs

Oman, 9 September 2024: Marafiq, an OQ company affiliated with the Oman Investment

Authority, has won the ‘Energy Efficiency Excellence Award’ while its Managing Director
Abdullah Al Hashimi was named ‘Sustainability Leader of the Year’ at the Sustainability

Innovation Awards 2024. The awards, organised by BNC Publishing in Dubai, highlight

Marafiq’s ongoing dedication to advancing energy efficiency and sustainability in line with

Oman Vision 2040.

The accolades underscore Marafiq’s leadership in environmental stewardship and its

comprehensive Environmental, Social, and Governance (ESG) strategy. A key component

of this strategy includes pioneering green energy initiatives, such as phasing out diesel-
powered plants. These efforts are aligned with Oman’s Net Zero 2050 goals and aim to

support the country’s transition towards a low-carbon economy while promoting

sustainable development.

Marafiq has implemented several innovative energy efficiency measures, such as

utilizing pressure energy exchangers, which significantly reduces power consumption

and emissions us. By integrating solar panels and installing efficient equipment, the

company has further enhanced its sustainable development goals.