Tag: NEOM city

    PIF-backed ACWA Power plans to invest $16bn in new projects in 2021
    12 Jul 2021

    ACWA Power, the utility developer, backed by Saudi Arabia’s Public Investment Fund (PIF), is planning to invest $16 billion in new projects worldwide in 2021, ahead of plans for an initial public offering (IPO), Arab News reports. Early last year, CEO Paddy Padmanathan said the company planned to invest $10 billion in new projects in […]