INSEAD-Day

Business

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

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 1- 300x600
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