Saudi Arabia's ACWA Power’s investment exceeds $67m: CFO

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Thu, 2022-09-29 15:41

RIYADH: Saudi Arabia’s utility developer ACWA Power currently holds over a $67 billion investment portfolio, revealed its chief financial offier.

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 CNBC Arabia.

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

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