The independent water project (IWP), known as the Umm Al Quwain IWP (Naqa’a), will have a capacity of 682 million litres per day, the Riyadh-based utility said in a filing to the Tadawul stock exchange, where its shares are traded.

Up to 42 per cent of the UAE’s potable water comes from about 70 major desalination plants, which account for about 14 per cent of the world’s total production of desalinated water, according to government data.

The Umm Al Quwain IWP is one of the largest desalination projects in the UAE. Some of the major desalination facilities in the UAE include the Shuweihat S2 power and water plant in Abu Dhabi, the Jebel Ali power station in Dubai and the F2 plant in Fujairah.