ACWA, Air Products to develop gas facilities

Updated 20 October 2012

ACWA, Air Products to develop gas facilities

ACWA Holding signed Monday a joint venture partnership with Air Products for the formation of a new company, ACWA Air Products Arabia.
The partnership was signed by Mohammed A. Abunayyan, ACWA Holding chairman, and Howard Castle-Smith, Air Products’ regional vice president tonnage gases Europe and Middle East.
According to them, the partnership will focus on the successful pursuit of large-scale industrial gas opportunities in Saudi Arabia and the Gulf Cooperation Council (GCC) states.
The partnership will support the Kingdom’s speedy economic development by achieving operational excellence, efficient resource utilization, enhanced capital efficiency and environmental protection through value added, innovative and best in global engineering solutions.
Speaking on the occasion, Abunayyan said: “Partnering with Air Products, one of the world’s largest owners and developers of industrial gases, is a strategic move for ACWA Holding to broaden its economic contribution as a major private sector developer for the Kingdom and GCC.”
He continued: “ACWA Holding’s track record as a leading regional owner and developer of facilities in power generation, water desalination and treatment, sewage water treatment, district cooling, and solar and waste management will enable the new joint venture to provide effective and competitive quality industrial gas facilities to serve the region’s hydrocarbon and industrial markets.”
Speaking on his part, Castle-Smith said: “The new venture with ACWA Holding complements Air Products’ existing presence in the Kingdom and the GCC, providing a strong platform to further grow our business there by partnering with prime Saudi industrial investors and developers.”
The new company, ACWA Air Products Arabia, also complements Air Products’ long-standing relationship with Abdullah Hashim Industrial Gases & Equipment Co. Ltd., a company of the privately owned Abdullah Hashim Group based in the Kingdom.
Air Products has been serving the Middle East for over 50 years, and already operates a helium and cylinder gas filling and distribution facility, as well as a specialty gases center in the Jebel Ali Free Zone. Air Products has offices in Bahrain, Qatar and Dubai, and works closely with the region’s petrochemical, gasification and refining industries. It has built, owned and operated air separation units and hydrogen production plants throughout the Middle East.
The new company will add to the success of ACWA Holding as a leading regional infrastructural developer in many areas specializing in power and water and attained remarkable success in just a few years.
ACWA Holding recognized the rapidly growing demand for power and water in Saudi Arabia and identified the benefits that could be gained by both the public and private sectors from the privatization of these two sectors.
Since its founding, ACWA Holding has developed an integrated strategy of diversification into complimentary infrastructure activities including utilities and water management; district cooling; pipe, aluminum and chemicals manufacturing; and industrial mining. More recently, ACWA Holding widened its activities into other infrastructure-related businesses such as the development of privately owned industrial cities, facilities management, and transportation with considerable success in the areas of air cargo and the expansion of the Saudi transportation network and logistics in particular.


KSA highlights support for Bosnia massacre victims

Saudi Foreign Minister Faisal Bin Farhan al Saud delivers a speech during the opening of the UN Human Rights Council's main annual session on February 24, 2020 in Geneva. (AFP)
Updated 13 July 2020

KSA highlights support for Bosnia massacre victims

  • The minister added that King Salman continued to support and stand by Bosnia and Herzegovina, further confirming the unique and friendly relations between the two countries

GENEVA: Saudi Arabia participated in the 25th anniversary memorial of the Srebrenica genocide that took place in July 1995.
Foreign Minister Prince Faisal bin Farhan bin Abdullah delivered the Kingdom’s speech via video conference.
He conveyed the greetings of King Salman and Crown Prince Mohammed bin Salman to the chairman of the Council of Ministers of Bosnia and Herzegovina, Sefik Dzaferovic, and UN Secretary-General Antonio Guterres, and dignitaries who were participating in the event.
The minister affirmed that Saudi Arabia stood side by side with its brothers, the families of the victims of the massacre.
He said: “Our participation on behalf of Saudi Arabia, its leaders, government, and people, is a humanitarian and moral obligation that the Saudi leadership stands by every year.”
The minister added that King Salman continued to support and stand by Bosnia and Herzegovina, further confirming the unique and friendly relations between the two countries.