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ACWA Power International is a lead developer, owner and operator of independent water and power projects structured on a concession or utility outsourcing contract model. ACWA Power is incorporated in Saudi Arabia with a capital of US$ 1.2 Billion. It holds equity ownership in a portfolio of contracted assets made up of 6,485 MW of power generation plants and 2.31 million m3/day of desalinated water production plants, all with a cumulative value in excess of US$ 12 Billion. As a principal in its sector, ACWA Power is now growing beyond its core MENA region into international markets.
ACWA Power has a multi disciplinary team with all the necessary professional skills ranging from technical, legal, environmental, insurance to tax and financial expertise to undertake the Lead Developer role. For each new opportunity, ACWA Power deploys this specialist team to select the optimum technical solution and identify the best EPC and O&M partnerships. In collaboration with our partners, ACWA Power prepares a robust business case, financial model and a structure for equity and debt financing. Our team then brings it all together to submit the most competitive and comprehensive solution to the client.
To date, this strategy has resulted in the award of the following concession projects:
• Rabigh IWSPP
• Shuaibah IWPP
• Shuaibah Expansion IWP
• Marafiq Jubail IWPP
• Shuqaiq IWPP
• Rabigh IPP
In addition, ACWA Power has also developed the world’s first two sea going barge mounted, self contained desalination plants each capable of producing 25,000 m3/day of water. The barges can be rapidly relocated to provide fresh water to coastal cities facing shortfall. Most recently ACWA Power was successful in financially closing and acquiring a joint stake of 58% in the Barka 1 IWPP in the Sultanate of Oman. Barka 1 has a contracted capacity of 427 MW of power and 91,000 m3/day of water.
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Aramex is a leading global provider of comprehensive logistics and transportation solutions. Established in 1982 as an express operator, the company rapidly evolved into a global brand recognized for its customized services and innovative multi-product offering. In January 1997, Aramex became the first Arab-based international company to trade its shares on the NASDAQ stock exchange. After five years of successful trading, Aramex returned to private ownership in February 2002 and continued to expand and excel as a privately owned company, establishing global alliances and gaining stronger brand recognition. In June 2005 Aramex went public on the Dubai Financial Market (DFM) as Arab International Logistics (Aramex) with its shares traded under ARMX. Today, Aramex employs more than 12,300 people in over 353 locations across 60 countries, and has a strong alliance network providing worldwide presence.
As the first company in the region to report on its sustainable practices, Aramex continues to be accountable for its commitments to all stakeholders. Aramex is keen on continuously practicing its citizenship by being an active partner in development and serving its communities and the environment.
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Averda Group is a pioneer in the waste management sector. Through its affiliates Sukleen (City Cleaning) and Sukomi (Treatment of municipal solid waste and sanitary land filling), Averda succeeded in restoring a waste-free clean scenery in Mount Lebanon area and the capital Beirut through a highly qualified team and the group’s commitment towards the community and the environment.
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An unlimited perspective. That's what we offer at Bank of Sharjah. For us, corporate banking does not stop at basic account management or advice on financial investments. It evolves with your business.
Because every corporate's vision is unique, its development demands very specific inputs, that are critical to each stage. Employing expert minds, using innovative tools, we strive to provide you with financial solutions that deliver results, not just promises.
So, if you're set on the right course, Bank of Sharjah will take you all the way.
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Consolidated Contractors Company
CCC's origins go back to 1952 when three talented young entrepreneurs, the late Kamel Abdul-Rahman, Hasib Sabbagh, and Said Khoury, joined forces to create one of the first Arab construction companies.
Today CCC continues the same style of management based on mutual trust with clients, smooth communication between locations and departments of the Group which augment its regional and international status. CCC has always been at the forefront of the adoption of new construction technology to improve efficiency, provide more rapid execution while ensuring high quality performance.
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