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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

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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