QFFD Announces an Additional USD 21.5 Million Loan to the GCC Interconnection Authority in Support of the Electricity Interconnection Project in the Sisterly Sultanate of Oman

Sultanate of Oman – 2 February 2026
During the official launch ceremony of the electricity interconnection project in the Sultanate of Oman, Qatar Fund for Development (QFFD) announced the provision of an additional loan of USD 21.5 million to the GCC Interconnection Authority to support the implementation of the electricity network works within the Sultanate.
This additional financing builds on QFFD’s earlier loan of USD 100 million to the project, bringing QFFD’s total contribution to USD 121.5 million. The announcement reaffirms QFFD’s commitment to supporting strategic infrastructure initiatives that enhance regional integration and advance sustainable development objectives across the Gulf Cooperation Council (GCC) countries.
The ceremony was attended by Mr. Fahad bin Hamad Al-Sulaiti, Director General of Qatar Fund for Development, H.E. Sheikh Mubarak bun Fahad Al-Thani, Ambassador of the State of Qatar in Muscat, H.E. Mr. Mohsen bin Hamad Al-Hadrami, Undersecretary of the Ministry of Energy and Minerals, and Chairman of the GCC Interconnection Authority, and H.E. Eng. Ahmed Al-Ibrahim, CEO of the GCC Interconnection Authority.
In his opening remarks during the ceremony, Mr. Fahad bin Hamad Al-Sulaiti, Director General of QFFD, stated: “This additional financing reflects QFFD’s firm commitment to supporting vital energy infrastructure projects, recognizing their fundamental role in enhancing regional integration and advancing sustainable development pathways, while contributing to economic and social stability across the region.”
H.E. Mr. Mohsen bin Hamad Al-Hadrami, Undersecretary of the Ministry of Energy and Minerals and Chairman of the GCC Interconnection Authority, stated: “The Gulf electricity interconnection has proven over more than two and a half decades to be one of the most successful models of joint Gulf action, as it has contributed to enhancing the reliability of electrical networks and achieving significant economic savings for the GCC countries.” He also explained that the direct link project with the Sultanate of Oman enhances the depth of the Gulf network, increases its operational flexibility, and embodies a distinguished model of Gulf partnership in financing vital infrastructure projects, supporting energy transformation and sustainable development in the region.
Adding on to his part, H.E. Eng. Ahmed Al-Ibrahim, CEO of the GCC Interconnection Authority, continued: ““The project will achieve significant operational and economic benefits, enhance the reliability of the Gulf electricity networks in light of the transition to renewable energy, increase the capacity to exchange electricity between member states, and embody the Authority’s ability to transform the strategic vision of the leaders of the GCC countries into executive projects with a tangible impact”
This cooperation reflects the continued role of the State of Qatar in strengthening regional partnerships and supporting infrastructure initiatives that enhance the integration of Gulf energy networks and improve the efficiency and resilience of electricity systems, with positive impacts on economic development and sustainability across the region.

• Geography Oman
• Timeline 2025
• Sector Infrastructure