Marafiq - CUC
Faraz Said, FCA, has significant experience in the finance and infrastructure sectors, currently serving as GM Investments and Acting Chief Financial Officer at Marafiq - CUC since November 2018. Faraz plays a pivotal role in this joint venture between OQ of Oman and Gulf Energy Development of Thailand, overseeing utility provisions in the Special Economic Zone in Duqm. Previously, Faraz held leadership positions at KPMG Lower Gulf as Head of Oman - Global Infrastructure Group, and at Dubai World - Nakheel as Senior Manager in Corporate Finance. Additional professional experience includes roles at Grant Thornton Corporate Finance as an Associate and Auditor. Faraz's academic credentials include an MSc in Finance from London Business School, executive education from Saïd Business School at Oxford, and degrees in Economics and Environmental Impact Assessment from The London School of Economics and Political Science.
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Marafiq - CUC
Marafiq (Centralized Utilities Company), part of the OQ group, is Oman’s first centralized utilities provider focusing initially on the new world class industrial and commercial hub of Duqm Special Economic Zone (Duqm SEZ). Marafiq was established in 2013 as a “one-stop-shop” provider of utilities and has signed an exclusive 25-year centralized utilities service agreement with Duqm SEZ to produce, generate, and supply a variety of utilities to industrial customers, subject to regulation. Marafiq has also secured an exclusive 25-year license with The Public Authority for Water (PAW) to produce and distribute potable water in the Duqm SEZ. and is currently supplying water to customers with further development in on-going. Duqm Power Company LLC (DPC): Marafiq has partnered with Gulf Energy Development (GED) in DPC; an SPV that has developed and is now constructing a 326 MW CCGT power plant and a 36,000 cub m per day SWRO desalination plant (DIPWP) for Duqm Refinery; plus the construction of an 80km 132KV transmission system to Ras Markaz to supply power to OTTCO (another OQ Group company). The project also includes a large SWIO facility; which will serve future industrial customers as well as Marafiq’s water business in Duqm SEZ. Duqm Petrochemicals Complex Project: Marafiq will supply power and water for future operations in 2026. Tanweer: Is the regulated power company in the Zone. Marafiq is working closely with Tanweer to supply them power to serve the zone using mobile gas turbine units. Industrial Gases: Marafiq will collaborate with a specialist partner to supply customers (including the Duqm Petchem Project) in the Duqm SEZ with industrial gases such as hydrogen, syngas, nitrogen and oxygen. Our people: Marafiq believes in attracting, developing and retaining our most important assets “people” and provides support for training and opportunity, whilst offering competitive compensation packages.