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Aqua CEO on Investing and Market Challenges
The Chairman of ACWA Power, Mohamed Abunayyan, stated that the Saudi government and the Ministry of Energy's support have enabled the company to enhance its regional and international competitiveness. He pointed out that the costs of producing renewable energy in the Kingdom have become highly competitive compared to global levels, with the adoption of advanced technologies including 24/7 solar power operation, marking a significant transformation in the sector. He affirmed that the company is committed to expanding investments and overcoming challenges in major markets such as China, relying on national cadres for up to 90% of new projects, with a focus on digital transformation and innovation to boost investment opportunities.
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