Engie Exits Kuwait, Bahrain

Saudi Arabia's ACWA Power to buy Engie's share in Kuwait and Bahrain assets
Saudi Arabia's ACWA Power plans to buy stakes in assets in Kuwait and Bahrain worth $693 million from French utility developer ENGIE , according to a joint statement on Wednesday.
ACWA to acquire ENGIE’s assets in Bahrain and Kuwait for $693m
Saudi Arabia-based energy company ACWA Power has signed a share purchase agreement with the regional subsidiary of French utility developer ENGIE to acquire assets located in Bahrain and Kuwait valued at $693m.
Saudi Utility Giant Buys Engie Energy Assets in Kuwait and Bahrain
ACWA Power has acquired Engie's stakes in four gas-fired power and water desalination plants in Bahrain and Kuwait for $693 million.
Saudi ACWA Power acquires assets in Kuwait and Bahrain for $693mln
ACWA Power will acquire ENGIE's shares in the four key operating assets. This includes an 18% stake in the Az Zour North (IWPP) in Kuwait, alongside 45% stakes in both the Al Ezzel (IPP) and Al Dur (IWPP) projects, as well as a 30% stake in the Al Hidd (IWPP) facility, all situated in Bahrain.
Engie Exits Kuwait, Bahrain With $693 Million Sale to Saudi Firm
France’s Engie SA agreed to sell its power and water assets in Kuwait and Bahrain to Acwa Power Co. for $693 million.
ACWA Power Secures $693 Million Deal for Kuwaiti and Bahraini Assets
Dubai Saudi Arabia’s ACWA Power has entered into a definitive agreement to acquire significant stakes in power generation and water desalination assets from French utility developer ENGIE. The transaction,
The Middle East’s first ‘Dark Sky’ destination is betting big on astrotourism
From road-tripping adventurers to luxury resort goers, more travelers are seeking the stars than ever before. Saudi Arabia is ...
Al-Monitor on MSN1d
Arab leaders meet in Saudi Arabia to hash out Gaza plan
Arab leaders met in Riyadh on Friday to craft a plan for Gaza's post-war reconstruction to counter Donald Trump's proposal ...
What does Saudi Arabia need to make a deal with Israel?
Although the normalization of relations with Israel is a clear priority for the Trump administration, the calculus for Riyadh ...
What to Know About the Saudi Crown Prince’s Role in Global Diplomacy
The kingdom’s de facto leader, Crown Prince Mohammed bin Salman, was once shunned in diplomatic circles. Now he is playing an ...
Why is Saudi Arabia hosting talks between the US and Russia?
Saudi Arabia’s hosting of top American and Russian officials for a high-stakes rapprochement meeting underlines the kingdom’s ...
Beyond souks and desert safaris: How to do the Arabian Gulf differently
From dolphin spotting in Oman to pearl hunting in Ras Al Khaimah, this region holds more adventures – and surprises – than ...
Saudi Moments on MSN8d
Saudi Arabia Remains Bahrain’s Top GCC Trading Partner
Saudi Arabia continued to be Bahrain's leading trading partner within the Gulf Cooperation Council (GCC), despite a slight ...
Zawya3d
Ahmed Elkaffass appointed as Visa’s new Country Manager for Bahrain
He is based out of Visa’s Riyadh office, the company’s regional headquarters for Saudi Arabia, Bahrain and Oman ...