Company Insights Acwa Power Energy Acwa Power News Sustainability Just 12% of Mena businesses have net zero target Businesses in the Middle East and North Africa (Mena) “lag behind” their global peers in terms of net zero targets, according to a report by the World Economic Forum and US consultancy Bain & Company. WEF evaluated the disclosure and sustainability measures of around 200 publicly listed and private companies across Mena’s nine biggest economies. […] October 20, 2023 Energy Acwa Power secures funds for projects worth $14bn Saudi-listed Acwa Power has achieved the “largest number of financial closures in its history” with projects worth more than $14 billion in the past 12 months. Financial closures were achieved on 10 projects in Saudi Arabia, Egypt and Uzbekistan in renewables, water desalination and green hydrogen sectors. One of the major projects includes the $8.5 […] October 12, 2023 Retail Cenomi enters Uzbekistan as new mall launches Saudi franchiser Cenomi Retail has announced plans to enter Uzbekistan as part of its capital city’s urban redevelopment. The retailer has signed an agreement for nine international brands to open in Tashkent City Mall, an upcoming 250,000 sq m project. Having signed Aldo and Cinnabon agreements in April, the company confirmed that it will also […] October 11, 2023 Renewable Energy Dewa advances fourth phase of $4.3bn Dubai solar park Dubai Electricity and Water Authority (Dewa) has commissioned the 200 MW second unit of the parabolic basin complex in the fourth phase of the AED15.78 billion ($4.3 billion) Mohammed bin Rashid Al Maktoum Solar Park. Saeed Mohammed Al Tayer, managing director and chief executive of Dewa, said in a statement the solar park’s production capacity […] October 3, 2023 Renewable Energy Acwa Power forms clean energy alliances in China Saudi renewable energy company Acwa Power has signed agreements with two Chinese companies to enhance their global clean energy collaboration. The agreements were signed with state-owned China Southern Power Grid International Company and MingYang Smart Energy Group Limited during this week’s China (Guangdong)-Saudi Arabia Economic and Trade Cooperation Conference. Acwa Power chairman Mohammad Abunayyan said: “Signing the two MoUs […] September 14, 2023 Trade Italian companies urged to make Saudi their ‘second home’ Saudi Arabia has invited top Italian companies to make the kingdom their “second home” as both countries aim to boost investment and trade levels. The Italian-Saudi Investment Forum, which brought together policy makers, business leaders and innovators, witnessed the signing of 21 memoranda of understanding (MoUs) and investment agreements. They covered sectors including clean energy, […] September 5, 2023 Finance Acwa Power secures $545m for Saudi desalination project Saudi Arabian energy developer Acwa Power has secured funding of SAR2.045 billion ($545.3 million) for the Rawabi Water Desalination Company (Rabigh 4) independent water plant project in Saudi Arabia. The funding came from a consortium of local and global banks, including Standard Chartered Bank, Saudi National Bank, Riyadh Bank, The Saudi Investment Bank and Bank […] September 4, 2023 Renewable Energy Acwa Power secures $123m for Egyptian solar project Acwa Power, the Saudi-based energy developer, has secured $123 million of loans to reach financial close on a $182 million solar project in Egypt. The financing for the Kom Ombo solar plant, which will add 200MW of energy capacity, comes from a range of banks and funds. According to a filing to the Saudi Stock […] August 30, 2023 Energy Two Saudi solar projects secure $2.4bn funding A consortium led by Acwa Power has secured financial funding worth $2.37 billion for two solar projects, as Saudi Arabia looks to ramp up its renewable energy sector by the end of the decade. The Al Shuaibah 1 and Al Shuaibah 2 solar photovoltaic projects are expected to generate over 2.6 GW of clean electricity […] August 21, 2023 Infrastructure Dewa selects Acwa Power to develop $914m water project Dubai Electricity and Water Authority (Dewa) has selected Saudi Arabia’s Public Investment Fund-backed Acwa Power as the preferred bidder for the construction and operation of the AED3.38 billion ($914 million) Hassyan phase one independent water producer (IWP) project. The project is the largest of its kind in the world for water production-based sea water reverse osmosis […] August 17, 2023 Posts navigation Previous 1 … 8 9 10 … 14 Next
Sustainability Just 12% of Mena businesses have net zero target Businesses in the Middle East and North Africa (Mena) “lag behind” their global peers in terms of net zero targets, according to a report by the World Economic Forum and US consultancy Bain & Company. WEF evaluated the disclosure and sustainability measures of around 200 publicly listed and private companies across Mena’s nine biggest economies. […] October 20, 2023
Energy Acwa Power secures funds for projects worth $14bn Saudi-listed Acwa Power has achieved the “largest number of financial closures in its history” with projects worth more than $14 billion in the past 12 months. Financial closures were achieved on 10 projects in Saudi Arabia, Egypt and Uzbekistan in renewables, water desalination and green hydrogen sectors. One of the major projects includes the $8.5 […] October 12, 2023
Retail Cenomi enters Uzbekistan as new mall launches Saudi franchiser Cenomi Retail has announced plans to enter Uzbekistan as part of its capital city’s urban redevelopment. The retailer has signed an agreement for nine international brands to open in Tashkent City Mall, an upcoming 250,000 sq m project. Having signed Aldo and Cinnabon agreements in April, the company confirmed that it will also […] October 11, 2023
Renewable Energy Dewa advances fourth phase of $4.3bn Dubai solar park Dubai Electricity and Water Authority (Dewa) has commissioned the 200 MW second unit of the parabolic basin complex in the fourth phase of the AED15.78 billion ($4.3 billion) Mohammed bin Rashid Al Maktoum Solar Park. Saeed Mohammed Al Tayer, managing director and chief executive of Dewa, said in a statement the solar park’s production capacity […] October 3, 2023
Renewable Energy Acwa Power forms clean energy alliances in China Saudi renewable energy company Acwa Power has signed agreements with two Chinese companies to enhance their global clean energy collaboration. The agreements were signed with state-owned China Southern Power Grid International Company and MingYang Smart Energy Group Limited during this week’s China (Guangdong)-Saudi Arabia Economic and Trade Cooperation Conference. Acwa Power chairman Mohammad Abunayyan said: “Signing the two MoUs […] September 14, 2023
Trade Italian companies urged to make Saudi their ‘second home’ Saudi Arabia has invited top Italian companies to make the kingdom their “second home” as both countries aim to boost investment and trade levels. The Italian-Saudi Investment Forum, which brought together policy makers, business leaders and innovators, witnessed the signing of 21 memoranda of understanding (MoUs) and investment agreements. They covered sectors including clean energy, […] September 5, 2023
Finance Acwa Power secures $545m for Saudi desalination project Saudi Arabian energy developer Acwa Power has secured funding of SAR2.045 billion ($545.3 million) for the Rawabi Water Desalination Company (Rabigh 4) independent water plant project in Saudi Arabia. The funding came from a consortium of local and global banks, including Standard Chartered Bank, Saudi National Bank, Riyadh Bank, The Saudi Investment Bank and Bank […] September 4, 2023
Renewable Energy Acwa Power secures $123m for Egyptian solar project Acwa Power, the Saudi-based energy developer, has secured $123 million of loans to reach financial close on a $182 million solar project in Egypt. The financing for the Kom Ombo solar plant, which will add 200MW of energy capacity, comes from a range of banks and funds. According to a filing to the Saudi Stock […] August 30, 2023
Energy Two Saudi solar projects secure $2.4bn funding A consortium led by Acwa Power has secured financial funding worth $2.37 billion for two solar projects, as Saudi Arabia looks to ramp up its renewable energy sector by the end of the decade. The Al Shuaibah 1 and Al Shuaibah 2 solar photovoltaic projects are expected to generate over 2.6 GW of clean electricity […] August 21, 2023
Infrastructure Dewa selects Acwa Power to develop $914m water project Dubai Electricity and Water Authority (Dewa) has selected Saudi Arabia’s Public Investment Fund-backed Acwa Power as the preferred bidder for the construction and operation of the AED3.38 billion ($914 million) Hassyan phase one independent water producer (IWP) project. The project is the largest of its kind in the world for water production-based sea water reverse osmosis […] August 17, 2023
