Construction & Real Estate

Saudi PIF, Acwa Power to collaborate on power, water infrastructure

The Saudi Public Investment Fund (PIF) and Acwa Power have signed a memorandum of understanding (MoU) to explore opportunities to develop power and water infrastructure for PIF’s local real estate portfolio companies....

Construction & Real Estate

Acwa Power achieves $2.9bn financial close for Saudi CCGT plant

Acwa Power has announced that its key affiliate - Hajar Two Electricity - has achieved a SAR10.8 billion ($2.9 billion) financial close for Qurayyah CCGT IPP Expansion Project in the Eastern Province of Saudi Arabia. Once operational, it will boast a 3,010MW capacity....