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.