BankMuscat will work with technical adviser Mott MacDonald and legal adviser Allen & Overy on structuring the project and managing the bid process for the development of the plant.

Sulaiman bin Mohamed al-Yahyai, director at BankMuscat, says the deal represents an opportunity for the bank to enter the Jordanian market for the first time.

The project involves the construction of a plant with capacity of 10 million cubic metres of water a day.