Muscat – 19 January 2025
A Joint Venture Company under Transocean Fortune Integrator (Water) Pte Ltd, Oman Deep Ocean LLC, has entered into an MoU with Inneova Life Pte Ltd to develop and establish distribution management systems for Deep Ocean Water (DOW) products in Sultanate of Oman to global markets.
Oman Deep Ocean LLC (ODO), a Joint Venture Company in the Sultanate of Oman under Transocean Fortune Integrator (Water) Pte Ltd (TFIW), is the developer of the Oman Deep Ocean Water Project, an integrated water industrial park utilizing precious deep ocean water resource in the applications of municipal water, bottled water, agriculture, aquaculture, district cooling, and health, beauty, and wellness, amongst other applications. ODO has signed a Memorandum of Collaboration (MoC) with Singapore-based INNEOVA Life Pte Ltd, a leading provider of healthcare and wellness products arising from the oceans and deep ocean water. The abundance of natural nutrients, minerals and trace elements present in deep ocean water makes deep ocean water a sustainable source to provide water and nutritional security to the world.
This MoC aims to build partnership and create a collaborative framework towards the development of a distribution network for deep ocean water products from the Sultanate of Oman into global markets. In addition, ODO and ILD shall explore opportunities in establishing a transshipment hub and/or an alternative node in Singapore for the follow-on distribution of deep ocean water products into the Asia Pacific region.
The signed MoC was exchanged by Mr. Mohammed Al Balushi from ODO and Mr. Koh Soo Ping from ILD. Dignitaries from Singapore and Oman were present to witness this exchange, held during the 40th Anniversary celebration event of Singapore-Oman Diplomatic Relations, underscoring the strong support for economic cooperation and collaboration between Singapore and the Sultanate of Oman.
Mr. Mohammed Al Balushi, Authorized Signatory of Oman Deep Ocean LLC, affirms that the MoC is a pivotal step in the development of the Oman Deep Ocean Water Project. He emphasized that the collaboration brings strong opportunities for ‘Made in Oman’ products to thrive in the global markets and become a new avenue for the world to discover Oman.
For his part, Mr Koh Soo Ping, Executive Director of INNEOVA Life, expressed his excitement to collaborate with Oman Deep Ocean LLC, stating that the company looks forward to establishing a strong global network for the distribution of sustainable deep ocean water products, and in doing so, deliver wellness for Human Health to the world.