Aqua CEO on Growth in China

The Chairman of Acwa Power, Mohammed Abunayyan, affirmed that the Ministry of Energy's framework and government support have helped the company enhance its competitive position regionally and globally. This is especially true given the decreasing cost of renewable energy production in Saudi Arabia and its significance in the sector's transformation, with approximately 90% of the sources and expertise in new projects originating locally. He also pointed to the company's commitment to investment expansion and overcoming major market challenges, such as those in China, while focusing on the role of national personnel, digital transformation, and artificial intelligence to turn challenges into investment opportunities.

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