During the 3rd Belt and Road International Cooperation Summit Forum held in Beijing on October 18, 2023, ACWA Power, the world's largest private desalination company, signed cooperation agreements with a number of Chinese companies, further strengthening the cooperation between Saudi Arabia and China in clean energy and Cooperation in the field of seawater desalination. These Chinese companies include State Power Investment Corporation, Bank of China, Power Construction Corporation of China, Energy China and JinkoSolar. The agreement covers areas such as solar energy, green hydrogen energy and desalination, demonstrating the long-term commitment of ACWA Power and its Chinese partners to sustainable development. ACWA Power, a leader in the energy transition, operates in 12 countries around the world and has a portfolio worth SAR 297.75 billion, including 75 projects in operation, development or construction.

Mohammed Abunayyan, founder and chairman of ACWA Power, said the company has built strong relationships with key partners in China over the years, which has allowed them to drive transformative projects in the fields of renewable energy, green hydrogen and desalination. . He emphasized that ACWA Power will continue to participate firmly in the Chinese market. Since establishing its China office in Beijing in 2009, ACWA Power has maintained long-term partnerships with Chinese enterprises and continues to carry out important cooperation projects in Saudi Arabia and other markets. Chinese financial institutions have provided a total of US$10 billion in financial support for ACWA Power's global projects. To date, ACWA Power's cooperation with Chinese enterprises has exceeded US$30 billion, and Chinese EPC contractors, suppliers and financial institutions have participated in 47 ACWA Power projects worldwide.

According to a report released by the UK's "Global Water Intelligence" in August 2023, ACWA Power is rated as the world's largest water developer outside China. With a total production capacity of 6.8 million cubic meters per day and a net production capacity of 3.2 million cubic meters, ACWA Power ranks among the top water companies in the world. Ranked among the top developers. This highlights ACWA Power's leading position and excellence in the water sector. Editor/GaoLiMei