INSEAD Day 4 - 728x90

Business

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

ACWA’s investments surge

It is expected that the financial results for these projects will be announced this year. (www.bnreport.com)
By TRENDS Desk
September 30, 2022 2:23 pm
  • The company, which builds power and desalinated water plants, currently has 60 percent of its projects in progress and 40 percent in development stages
  • According to its CFO, Abdulhameed Al-Muhaidib, it has invested $10 billion in the UAE renewable energy, water desalination, and clean gas projects,

Riyadh, Saudi Arabia— ACWA Power of Saudi Arabia has seen its investment portfolio touch $67 billion, according to its chief financial officer.

The company, which builds power and desalinated water plants, currently has 60 percent of its projects in progress and 40 percent in development stages.

In the UAE, it has invested $10 billion in renewable energy, water desalination, and clean gas projects, Abdulhameed Al-Muhaidib told media.

It is expected that the financial results for these projects will be announced this year, he added.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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