meed-logo

line1 line2 line3
SIGN IN / REGISTER

Acwa Power tightens grip on GCC water

26 January 2024

 

This report also includes: Mena water delivers exceptional growth

Time-bound sustainability objectives and improving economic conditions kept the GCC region’s water sector projects buoyant in 2023.

This coincided with the key milestones achieved by independent water producer (IWP) contracts awarded between 2020 and 2021, which reached either the commissioning or commercial operation stages in 2023 following two years of disruption caused by the Covid-19 pandemic.

The UAE awarded three IWP contracts in 2023 and Saudi Arabia awarded one. This was a remarkable recovery considering that there was only one contract award in 2021 and none in 2022, barring the directly negotiated contract for the development of Shuaibah 3 in Saudi Arabia.

In contrast, there were no new awards for independent water and power producer (IWPP) projects – a model that worked successfully from the 1990s until the mid-2010s, when policies started to shift away from thermal desalination technologies and towards IWPs that rely on reverse osmosis technology for water treatment.


Source: MEED

IWP awards

The IWP contracts awarded in 2023 include Mirfa 2 and Shuweihat 4 in Abu Dhabi, Rabigh 4 in Saudi Arabia and Hassyan 1 in Dubai. The four IWP schemes have a total combined capacity of about 2.3 million cubic metres a day (cm/d).

The award of these contracts resulted in higher net and gross capacities for Saudi utility developer Acwa Power, France’s Engie and Spain-headquartered GS Inima, relative to the last MEED water developer ranking published in January 2023.

Acwa Power’s overall net capacity leapt by 20 per cent in 2023 to reach approximately 3.5 million cm/d. This resulted from its 40 per cent equity in Dubai’s Hassyan 1 IWP project, which has a capacity of over 818,000 cm/d; and its 45 per cent shareholding in the 600,000 cm/d Rabigh 4 IWP.

Engie likewise posted an impressive two-digit rise in terms of its net capacity, growing from 1.67 million cm/d to 1.87 million cm/d, thanks to its 40 per cent equity in the Mirfa 2 IWP project in Abu Dhabi.

The size of the two projects that Acwa Power won in 2023, however, meant it managed to further widen its lead over Engie and the other private water developers operating assets across the GCC states.

At 3.5 million cm/d, Acwa Power’s overall net capacity is equivalent to the total combined net capacity of the next five developers in the ranking: Malaysia’s Malakoff, Japan’s Marubeni and Sumitomo, and GS Inima, in addition to Engie.

The Saudi utility developer has also for the first time overtaken Engie in terms of gross water desalination capacity. As
of the end of 2023, its gross capacity crossed 7.7 million cm/d compared to Engie’s 7.0 cm/d.

In terms of ranking, GS Inima registered the most significant improvement among the top 10 private water developer companies, advancing three spots to rank fifth, having grown its net equity capacity nearly 50 per cent to reach close to 383,000 cm/d. This change takes into consideration that Kuwait’s Gulf Investment Corporation (GIC), which was included in the previous index, has been excluded this year due to its role as an investor rather than a developer of water desalination projects.

GS Inima will maintain a 60 per cent shareholding in Abu Dhabi’s Shuweihat 4 IWP scheme, which is expected to reach commercial operation by mid-2026.

Despite not having won any new contracts, Saudi Brothers Commercial Company and Abdulaziz al-Ajlan, both Riyadh-based, managed to land in the top 10 ranking of water developers this year, mainly due to the exclusion of both GIC and Water & Electricity Holding Company (Badeel), which is fully owned by Saudi Arabia’s Public Investment Fund. 

Outlook

The next 12 months will likely be an active period for the water industry, particularly in Saudi Arabia.

This is mainly due to the target set by the kingdom’s Environment, Water & Agriculture Ministry to meet 92 per cent of Saudi Arabia’s water demand using desalinated water by 2030, to reduce reliance on ground and surface water.

Both Saudi Water Conversion Corporation, the world’s largest desalinator, which supplies 69 per cent of Saudi Arabia’s water, and Saudi Water Partnership Company (SWPC) will have to get “plants up and running as soon as possible to make this target”, says Robert Bryniak, CEO of Dubai-based Golden Sands Management Consulting.

Elsewhere – particularly in the UAE and, to a lesser extent, Oman – expiring contracted capacity and growing demand are expected to continue to drive the procurement of additional seawater reverse osmosis (SWRO) capacity.

The past few years have seen several international and local developers and investors enter the GCC’s water desalination market.

“The water industry could benefit by having more engineering, procurement and construction (EPC) contractors and developers, but I do not see this holding back procurers in launching new projects,” says Bryniak. “Having said that, there is definitely room for the water industry to accommodate more developers and EPC contractors.”

Tariff trend

Tariffs, or the long-term levelised costs that offtakers pay for water that private developers produce, are expected to trend upwards in 2024. This is due to higher interest rates and inflationary pressures on materials and supplies.

“These considerations, coupled with a limited number of experienced EPC contractors with excess contracting capacity, suggest that it will be tough seeing lower tariffs this year,” Bryniak says.

“We expect this trend due to the expected higher costs,” says another water desalination expert based in the UAE.

“The tariff for the Hassyan 1 IWP was low, but I see that as an anomaly,” says Bryniak, referring to the $cents 36.5 a cubic metre ($c/cm) tariff that Acwa Power proposed last year to develop the Hassyan 1 IWP in Dubai.

The previous tariff bid for the project was about 30 per cent lower than that proposed by Acwa Power last year, and it is likely that the bidder “had tremendous pressure to maintain a relatively low tariff to secure the project”, says Bryniak.  

Future projects

SWPC issued the tender for the contract to develop the Jubail 4 and 6 IWP schemes on 1 January, and the tendering process is also under way for the Ras Mohaisen IWP. Both contracts are expected to be awarded before the end of this year.

In addition, SWPC has indicated that four more IWPs are expected to reach commercial operation by 2027, which implies that it could start seeking interest from developers for these projects in the next 12-24 months. 

Under the latest plan, the Ras al-Khair 2 and 4, Al-Rais 2 and Tabuk 1 IWP projects will have a combined total capacity of 1.7 million cm/d.

In the UAE, Acwa Power is understood to be the sole bidder for the 400,000 cm/d Hamriyah IWP in Sharjah. The contract could be awarded in the first half of 2024.

In Abu Dhabi, the tendering process is under way for two SWRO plants that will be developed under one contract. The Abu Dhabi Islands SWRO projects will each have a capacity of 227,000 cm/d.

Kuwait’s two IWPPs – Al-Zour North 2 & 3 and Al-Khiran 1 – and the Facility E IWPP in Qatar include water desalination units with capacities of 695,000 cm/d and 454,000 cm/d, respectively.

MEED understands that an option is open for the bidders to use membrane technology for the desalination units of these planned facilities.

Unstoppable

Acwa Power thus appears unstoppable given its plans to further consolidate its presence in the region’s water industry, and pursue new technologies and partnerships, as its CEO Marco Arcelli told MEED in July last year.

The company plans to work with Japanese membrane technology provider Toray Industries to explore energy-saving technologies for SWRO. It is also working with other suppliers located in the US, Japan and China, as well as with Saudi Arabia’s King Abdullah University of Science & Technology to explore energy-efficient solutions for treating seawater.

The scale of the IWP projects Acwa Power has won between 2019 and 2023 enables it to outprice key competitors, or bid for projects deemed too risky by other developers.

The firm’s offer to develop Rabigh 4 for $c0.458/cm, for instance, was lower than what some of its competitors anticipated Acwa Power was capable of offering, although it lost Mirfa 2 to Engie a few months earlier.

As it is, Acwa Power won five of the 12 IWP contracts that were tendered and awarded in Saudi Arabia, the UAE and Oman during the past four years, equivalent to more than 56 per cent of the gross capacity awarded over that period.

Other developers should take note as they establish strategies to win more contracts in the future and potentially slow down Acwa Power's three-year sector dominance.

 Mena water delivers exceptional growth 

https://image.digitalinsightresearch.in/uploads/NewsArticle/11438915/main.gif
Jennifer Aguinaldo

Register for MEED's guest program now to access this article.

Click here to register
Exclusive from Meed
Related Articles
  • Abu Dhabi mends fences with Riyadh

    9 October 2026

     

    Ongoing political turmoil in the region may be prompting Abu Dhabi to review its approach to key diplomatic issues, not least its relations with its larger neighbour, Saudi Arabia.

    In late September, UAE Vice-President Sheikh Mansour Bin Zayed Al-Nahyan travelled to Riyadh for talks with Crown Prince Mohammed Bin Salman and Defence Minister Prince Khalid Bin Salman. Such visits may have been commonplace in the past, but over the past year they have been relatively rare, given the friction between the two Gulf powers over issues such as the conflict zones of Yemen and Sudan, relations with Israel and economic rivalry.

    At the start of the year, the UAE retreated from Yemen under pressure from Riyadh, after the UAE-backed Southern Transitional Council made rapid territorial gains at the expense of Saudi-backed groups and advanced close to the kingdom’s southern border.

    Since then, against the backdrop of the Iran war, relations have shown further signs of strain, with cross-border financial transactions reportedly being blocked or delayed.

    However, there have been intermittent attempts to present a more collegial relationship, such as in July, when a photo emerged on social media of Sheikh Mansour and Prince Khalid posing with their arms around each other, reportedly while on holiday in Europe.

    Yemen dynamics

    Gains by another group in Yemen may lie behind the latest rapprochement between Riyadh and Abu Dhabi. The visit by Sheikh Mansour on 29 September came in the wake of significant advances by the Houthis, who had recently captured Mokha port and strategically significant areas of land overlooking the Bab El-Mandeb Strait – heightening their ability to menace passing ships.

    Saudi Arabia has been leaning on its allies – particularly Pakistan and Turkiye – to support its campaign against the Houthis. It is unclear whether the UAE would be willing to get involved militarily in Yemen again, or whether Riyadh would be happy for it to do so, but it could still be a useful ally in the fight. Analysts have noted that UAE-backed forces have, over the years, had a far greater record than anyone else of scoring battleground victories against the Houthis.

    It is also notable that Mansour’s delegation to Riyadh included several senior security officials, including Ali Bin Hammad Al-Shamsi, secretary general of the Supreme Council for National Security; Ali Saeed Matar Al-Neyadi, chairman of the National Emergency, Crisis and Disaster Management Authority; and Nasser Humaid Al-Nuaimi, secretary general of the Tawazun Council for Defence Enablement.

    The visit was a surprise, given the GCC states’ lack of unified action this year amid the crises in Yemen and Iran. Speaking at an event in Washington in mid-September, Bernard Haykel, professor of Near Eastern Studies at Princeton University, noted that: “Despite the fact that [the GCC states] all face a common threat in Iran and its proxies, you still don’t see real coordination between them. You still have these differences between the Saudis and the UAE, for instance; you have differences between the Qataris and the UAE. If anything would have united them, this would be it. And you don’t see that kind of unity.”

    Writing for the Arab Gulf States Institute in early October, Kristian Coates Ulrichsen, a Baker Institute fellow for the Middle East at Rice University, said Mansour’s visit to Riyadh in late September was “likely meant to signal that the thaw [in bilateral relations] was real” and “designed to enable a more coordinated approach to managing the forces ranged against the Houthis in southern and central Yemen”.

    Further signs of warming ties came on 8 October, when UAE Investment Minister Mohamed Hassan Alsuwaidi signed a memorandum of understanding with Saudi Industry and Mineral Resources Minister Prince Abdulaziz Bin Salman covering power grid interconnections, trade in electricity and freight rail connectivity.

    On the same day, the Saudi ambassador to the UAE invited President Sheikh Mohamed Bin Zayed Al-Nahyan to attend a GCC-EU Summit in Saudi Arabia later in the month.

    Sheikh Mansour was not the only senior Emirati on diplomatic manoeuvres in recent weeks. The day after the vice-president was in Riyadh, national security adviser Sheikh Tahnoun Bin Zayed Al-Nahyan was in Muscat for talks with Sultan Haitham Bin Tariq Al-Said.

    Oman is a critical partner for the UAE in several areas. Omani ports have provided a trade lifeline for Emirati importers and exporters at a time when ports in Dubai and Abu Dhabi have been sidelined by Iran’s threats against shipping through the Strait of Hormuz. Muscat’s approach of maintaining dialogue with all actors means it is also able to mediate with both Iran and Yemen’s Houthis.

    Strategic independence

    The flurry of diplomatic activity may be a sign of closer coordination between the UAE and its neighbours on some critical issues, but that does not necessarily herald a sea change in its approach.

    Speaking at the UN General Assembly in New York on 28 September, Minister of State Khalifa Shaheen Al-Marar reviewed the crises in Iran, Sudan, Gaza, Ukraine and elsewhere and said “the importance of developing and reforming regional and international multilateral institutions … remains paramount” – but while he name-checked the UN, he did not mention the GCC.

    It is also notable that the UAE has not yet joined either of the two security initiatives launched by Saudi Arabia during the summer: a maritime defence alliance designed to protect shipping in the Red Sea, or a mutual defence pact that Riyadh signed with Turkiye and Pakistan.

    In his speech to the UN, Al-Marar listed what he saw as the main pillars of the UAE’s national strength: “strategic independence” was the first item in his list.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/20435670/main.gif
    Dominic Dudley
  • Abu Dhabi mends fences with Riyadh

    9 October 2026

     

    Ongoing political turmoil in the region may be prompting Abu Dhabi to review its approach to key diplomatic issues, not least its relations with its larger neighbour, Saudi Arabia.

    In late September, UAE Vice-President Sheikh Mansour Bin Zayed Al-Nahyan travelled to Riyadh for talks with Crown Prince Mohammed Bin Salman and Defence Minister Prince Khalid Bin Salman. Such visits may have been commonplace in the past, but over the past year they have been relatively rare, given the friction between the two Gulf powers over issues such as the conflict zones of Yemen and Sudan, relations with Israel and economic rivalry.

    At the start of the year, the UAE retreated from Yemen under pressure from Riyadh, after the UAE-backed Southern Transitional Council made rapid territorial gains at the expense of Saudi-backed groups and advanced close to the kingdom’s southern border.

    Since then, against the backdrop of the Iran war, relations have shown further signs of strain, with cross-border financial transactions reportedly being blocked or delayed.

    However, there have been intermittent attempts to present a more collegial relationship, such as in July, when a photo emerged on social media of Sheikh Mansour and Prince Khalid posing with their arms around each other, reportedly while on holiday in Europe.

    Yemen dynamics

    Gains by another group in Yemen may lie behind the latest rapprochement between Riyadh and Abu Dhabi. The visit by Sheikh Mansour on 29 September came in the wake of significant advances by the Houthis, who had recently captured Mokha port and strategically significant areas of land overlooking the Bab El-Mandeb Strait – heightening their ability to menace passing ships.

    Saudi Arabia has been leaning on its allies – particularly Pakistan and Turkiye – to support its campaign against the Houthis. It is unclear whether the UAE would be willing to get involved militarily in Yemen again, or whether Riyadh would be happy for it to do so, but it could still be a useful ally in the fight. Analysts have noted that UAE-backed forces have, over the years, had a far greater record than anyone else of scoring battleground victories against the Houthis.

    It is also notable that Mansour’s delegation to Riyadh included several senior security officials, including Ali Bin Hammad Al-Shamsi, secretary general of the Supreme Council for National Security; Ali Saeed Matar Al-Neyadi, chairman of the National Emergency, Crisis and Disaster Management Authority; and Nasser Humaid Al-Nuaimi, secretary general of the Tawazun Council for Defence Enablement.

    The visit was a surprise, given the GCC states’ lack of unified action this year amid the crises in Yemen and Iran. Speaking at an event in Washington in mid-September, Bernard Haykel, professor of Near Eastern Studies at Princeton University, noted that: “Despite the fact that [the GCC states] all face a common threat in Iran and its proxies, you still don’t see real coordination between them. You still have these differences between the Saudis and the UAE, for instance; you have differences between the Qataris and the UAE. If anything would have united them, this would be it. And you don’t see that kind of unity.”

    Writing for the Arab Gulf States Institute in early October, Kristian Coates Ulrichsen, a Baker Institute fellow for the Middle East at Rice University, said Mansour’s visit to Riyadh in late September was “likely meant to signal that the thaw [in bilateral relations] was real” and “designed to enable a more coordinated approach to managing the forces ranged against the Houthis in southern and central Yemen”.

    Further signs of warming ties came on 8 October, when UAE Investment Minister Mohamed Hassan Alsuwaidi signed a memorandum of understanding with Saudi Industry and Mineral Resources Minister Prince Abdulaziz Bin Salman covering power grid interconnections, trade in electricity and freight rail connectivity.

    On the same day, the Saudi ambassador to the UAE invited President Sheikh Mohamed Bin Zayed Al-Nahyan to attend a GCC-EU Summit in Saudi Arabia later in the month.

    Sheikh Mansour was not the only senior Emirati on diplomatic manoeuvres in recent weeks. The day after the vice-president was in Riyadh, national security adviser Sheikh Tahnoun Bin Zayed Al-Nahyan was in Muscat for talks with Sultan Haitham Bin Tariq Al-Said.

    Oman is a critical partner for the UAE in several areas. Omani ports have provided a trade lifeline for Emirati importers and exporters at a time when ports in Dubai and Abu Dhabi have been sidelined by Iran’s threats against shipping through the Strait of Hormuz. Muscat’s approach of maintaining dialogue with all actors means it is also able to mediate with both Iran and Yemen’s Houthis.

    Strategic independence

    The flurry of diplomatic activity may be a sign of closer coordination between the UAE and its neighbours on some critical issues, but that does not necessarily herald a sea change in its approach.

    Speaking at the UN General Assembly in New York on 28 September, Minister of State Khalifa Shaheen Al-Marar reviewed the crises in Iran, Sudan, Gaza, Ukraine and elsewhere and said “the importance of developing and reforming regional and international multilateral institutions … remains paramount” – but while he name-checked the UN, he did not mention the GCC.

    It is also notable that the UAE has not yet joined either of the two security initiatives launched by Saudi Arabia during the summer: a maritime defence alliance designed to protect shipping in the Red Sea, or a mutual defence pact that Riyadh signed with Turkiye and Pakistan.

    In his speech to the UN, Al-Marar listed what he saw as the main pillars of the UAE’s national strength: “strategic independence” was the first item in his list.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/20432716/main.gif
    Dominic Dudley
  • Adnoc secures Thailand LNG supply deal

    9 October 2026

    Abu Dhabi National Oil Company (Adnoc) has secured a deal with Thailand-based energy and infrastructure company Gulf Group to supply 2 million tonnes a year of liquefied natural gas (LNG), with deliveries starting in 2027.

    The multi-year sale and purchase agreement (SPA), whose exact duration Adnoc did not disclose, builds on an initial LNG supply deal agreed between the two companies last year. The transaction was arranged through Adnoc’s integrated LNG marketing and trading platform, which was established in July within Abu Dhabi Global Market.

    The hub integrates the marketing operations of Adnoc subsidiaries Adnoc Gas and XRG with the trading activities of Adnoc Trading. It targets a combined portfolio of 47 million t/y of marketable LNG by 2035. Adnoc Trading has developed an active third-party trading portfolio over the past four years, operating from commercial offices in Abu Dhabi, Singapore and Geneva.

    ALSO READ: Adnoc signs energy agreements with Japan and South Korea

    Separately, Adnoc has secured offtake commitments covering approximately 90% of the 9.6 million-t/y capacity planned for its low-carbon Ruwais LNG project.

    In July, Adnoc signed a 15-year SPA with Japan’s Inpex Corporation for the supply of up to 1 million t/y from Ruwais. That contract marked Adnoc’s third long-term Ruwais supply agreement with a Japanese buyer, following deals with Osaka Gas and Mitsui & Co in March and April 2025, respectively. Together, the agreements with the three Japanese firms account for 2.4 million t/y – one-quarter of the terminal’s total capacity, which will be delivered across two 4.8 million-t/y liquefaction trains.

    Adnoc has also secured long-term Ruwais LNG supply agreements with Malaysia’s Petronas, Germany’s EnBW Energie Baden-Wurttemberg and SEFE (Securing Energy for Europe), China’s ENN Natural Gas, UK-based Shell and Indian Oil Corporation.

    Currently under construction in Ruwais Industrial City, Abu Dhabi, the facility is scheduled to begin commercial operations in 2028. Its commissioning will more than double Adnoc’s LNG production capacity to approximately 15 million t/y.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/20421415/main4048.jpg
    Indrajit Sen
  • Fibrex wins $217m Abu Dhabi Seamont residences contract

    9 October 2026

    Register for MEED’s 14-day trial access 

    Abu Dhabi-based contractor Fibrex Construction Group has won an AED800m ($217m) contract to build the Seamont Autograph Collection Residences project, located on Al-Reem Island in the UAE capital.

    Abu Dhabi-based real estate developer Royal Development Holding, a subsidiary of Emirates Stallion Group, and local firm Saas Properties awarded the contract.

    The development comprises two 22-storey towers offering 497 residences, ranging from one- to four-bedroom apartments.

    The construction programme is scheduled to run for 27 months, with completion due in December 2028.

    Fibrex will begin mobilisation immediately, following the completion of enabling works this month, which were undertaken by Sharjah-based Swiss Pro Foundations.

    Dubai-based architectural firm Dewan Architects & Engineers is the project consultant.

    The contract marks another major win for the contractor. Last year, Dubai-based developer Nakheel awarded Fibrex a AED2.6bn ($708m) contract to build the Bay Villas project at Dubai Islands.

    That contract includes the construction of 636 villas.

    READ THE OCTOBER 2026 MEED BUSINESS REVIEW – click here to view PDF

    Industry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.

    Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/20420509/main.jpg
    Yasir Iqbal
  • Dubai picks contractor for Al-Maktoum airport terminal

    9 October 2026

     

    Dubai Aviation Engineering Projects (DAEP) has selected a contractor for an estimated AED10bn ($2.7bn) substructure package for the West Terminal, as part of the first phase of the $35bn expansion of Al-Maktoum International airport.

    A joint venture of Beijing-headquartered China Civil Engineering Construction Corporation (CCECC) and Abu Dhabi-based Tristar Engineering & Construction will execute the contract.

    According to a description on DAEP’s website, the expanded airport’s West Terminal will be a seven-level facility spanning 800,000 square metres, with annual capacity for 45 million passengers.

    The terminal will be the second of three planned terminals at Al-Maktoum International airport. It will connect to the airside via a 14-station automated people-mover (APM) system.

    In July, MEED exclusively reported that DAEP had awarded an estimated $1.5bn contract to a joint venture of Japan’s Mitsubishi Corporation and Indian contractor Larsen & Toubro for the APM system.

    The APM will run beneath the apron and terminal areas, using multiple tracks to transport passengers between terminals and concourses. Four underground stations are planned in the first phase, while the full airport development is expected to include 14 stations.

    The latest awards form part of a wider programme of contracts recently signed by DAEP, covering enabling works, the second runway, initial structural foundations for passenger terminals and concourse substructures.

    Upcoming awards

    In June 2026, DAEP said it will award construction contracts worth over AED55bn ($15bn) for Al-Maktoum International airport by the end of the year.

    At the time, DAEP said the planned awards included substructure works for the West Terminal, the fourth aircraft concourse and the baggage-handling system. The programme also included superstructure works for the West Terminal and the first, second and third aircraft concourses.

    The packages are expected to include long-span structural frameworks for buildings covering about 1.5 million square metres, infrastructure works for the southern airfield area, and power-generation and district-cooling plants supporting the construction programme.

    DAEP also plans to award façade and roofing packages in 2026.

    The Dubai Government approved updated designs and timelines for its largest construction project in April 2024. In September 2024, MEED exclusively reported that a team comprising Austria’s Coop Himmelb(l)au and Lebanon’s Dar Al-Handasah had been confirmed as lead masterplanning and design consultants for the Al-Maktoum International airport expansion.

    Construction of the airport is planned in three phases. Once complete, the airport will cover 70 square kilometres south of Dubai and include five parallel runways and 430 aircraft gates.

    It will be five times the size of Dubai International airport and is planned to have a passenger-handling capacity of 260 million passengers a year – the largest in the world. For cargo, it is planned to have the capacity to handle 12 million tonnes a year.

    READ THE OCTOBER 2026 MEED BUSINESS REVIEW – click here to view PDF

    Industry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.

    Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/20417755/main.jpg
    Yasir Iqbal