ACWA Holding

LOCATION:
Location: 
Saudi Arabia
AREAS OF BUSINESS:
Area of Business: 
Water and Power Development
SECTORS:
Sectors: 
Utilities & Infrastructure
NUMBER OF EMPLOYEES:
Number of Employees: 
9,500

 

Overview

Overview: 

The Arabian Company for Water and Power Development, now known as ACWA Holding, groups companies formed to pursue private sector opportunities in the Saudi power and water utilities sector.

It was formed in 2002 as a Joint Venture between Al Muhaidib Group and Abdullah Abunayyan Group as the Saudi Government began to privatize its power generation and water supply and treatment industries.

ACWA Holding offers solutions for utilities, manufacturing, construction and contracting, transportation and real estate development.

It has investments in ACWA Power, Saudi Tabreed, Miahona, Beatona as well as the privatized electrical utility company of Jordan.



Fact

Fact: 

Saudi Arabia’s ninth Five-Year Plan to 2014 contained measures to nearly double the capacity of desalination plants from 1.05 billion cubic meters a year to 2.07 billion cubic metres.


www.acwaholding.com