ACWA Power highlights role in sustainable development

Saudi Energy Minister Prince Abdul Aziz bin Salman toured the Saudi pavilion at the 24th edition of the World Energy Congress in Abu Dhabi. (Photo/Supplied)
Updated 12 September 2019

ACWA Power highlights role in sustainable development

Saudi Energy Minister Prince Abdul Aziz bin Salman toured the Saudi pavilion at the 24th edition of the World Energy Congress (WEC). The flagship event is being held in Abu Dhabi for the first time in the Middle East, Sept. 9 to 12th at the Abu Dhabi National Exhibition Center.
ACWA Power, a leader in water desalination and power generation, joined over 15,000 attendees and 66 ministers at this year’s World Energy Congress (WEC) to highlight ACWA Power’s position as a global total solution provider across the power and water sectors.
On the sidelines of the Congress, ACWA Power signed a memorandum of understanding with King Abdullah University of Science and Technology (KAUST), inaugurating the KAUST-ACWA Power Center of Excellence for Desalination and Solar Power. The center will prioritize research in water quality monitoring and system performance modeling using several KAUST research centers.
The collaboration between ACWA Power and KAUST marks the beginning of a long-term research and innovation alliance between the two organizations that will place the Kingdom at the forefront of international scientific advancements in water desalination and solar power technology.
Mohammed Abunayyan, chairman of ACWA Power, said: “We are honored to be part of the Saudi energy platform within the Kingdom’s pavilion as a proud Saudi company that is very much at the forefront of the energy transition globally.  We are happy to share our experiences with global leaders and exchange ideas in pursuit of sustainable energy for the development of people, communities and nations.  This is very much the model we follow at ACWA Power as we partner with communities with our long-term thinking and value proposition based on excelling at every aspect of the value chain. Our focus is situated toward the crucial themes of the congress, including energy security, promoting environmental sustainability, and the deployment of innovative technologies that elevate efficiencies of energy systems — themes that ACWA Power has pioneered through its effective models and experiences in projects and businesses across three continents. We are looking forward to sharing our leading models with the global energy industry as a proof of the capabilities and role of the Saudi economy in powering and achieving the theme of the Congress, “Energy for Prosperity.”
Abunayyan took part in a panel session titled “Financing Energy: Closing the Clean Energy Investment Gap.” Paddy Padmanathan, president and CEO of ACWA Power, participated in a panel discussion on “Scaling New Heights: Global Renewables Outlook,” which addressed the opportunities, challenges, and solutions to the most pressing energy issues the world faces today.
The company also highlighted its work in the sustainable development of countries around the world and its program to invest in enhancing the local employment and talents in the communities it operates in.

MITEF Saudi Arabia announces semifinalists

Updated 13 January 2021

MITEF Saudi Arabia announces semifinalists

The MITEF Saudi Arabia, a program of the global network of MIT Enterprise Forum, in collaboration with Bab Rizq Jameel, recently announced the semifinalists in the competition’s three tracks: Startups, Ideas, and Social Enterprises. The competition will be holding its closing ceremony virtually on March 6 under the patronage of Abdullah A. Al-Swaha, minister of communications and information technology.

The Ministry of Communications and Information Technology (MCIT) will be represented by Deputy Minister of Communications and Information Technology for Future Jobs and Digital Entrepreneurship Dr. Ahmed Altheneyan.

The semifinalists were selected by a jury composed of 100 business and academic experts from all over the world, who evaluated more than 500 projects against the competition criteria, which are creativity, potential to expand and the positive impact on the community.

The second round of judging will be held on Feb. 20 to announce the names of the finalists (27 teams). The third round will be held on March 3, after the virtual briefing sessions and the business accelerator from Jan. 9 to Feb. 13. A Startup Investment Forum will be held on March 4, 5 and 6.

Bayan Alghamdi, head of entrepreneurship programs and MITEF Saudi at Community Jameel, said: “This year, the MITEF Saudi Arabia competition saw remarkable progress in terms of the quality of entries in various categories and fields, including e-commerce, education technologies, consumer services, productivity applications, in addition to digital technologies and healthcare.

“The competition is organized in line with the Kingdom’s Vision 2030 to support small and medium enterprises. The total number of applicants since the launch of the competition in 2015 has reached more than 8,500 participants from all over Saudi Arabia, thanks to the support of all governmental and private companies. Despite the hard times we have gone through this year due to the global pandemic, entrepreneurs were able to overcome this challenge with a lot of creativity and innovation that contributed to curbing this pandemic, and we wish all the best for participants and good luck to the semifinalists.”

To qualify for the competition, applicants must present an innovative project that is scalable and capable of making a positive impact on the community.

The Saudi startups that qualified for the semifinals of the 5th MITEF Saudi Startup Competition are: Jirah, Nugttah, Grintafy, Future Platform, Winch, Meeza, Hudhud AI, LOGEXA, Linkers IoT, Tafeyette Inc., Spider Connect, Shgardi, BashQash, PhysioHome, and Hesba.

Semifinalists in the Ideas track included 15 teams: Genomez, Hydrojeen, Sawty, Estidama, Hakawati Game, Carissimi, Msaha, Themar, Qawam, SARsat, Aquash, Mthmr, White Helmet, Harreef, and Vending Machine Layer.