Arab News, Saturday, Jan 9, 2021 | Jamadi Al Awwal 26, 1442
ENGIE’s Saudi expansion ‘firmly on track’
Saudi Arabia: ENGIE, the France-headquartered energy and
services conglomerate, said this week that its expansion in Saudi Arabia is
firmly on track, with its asset and project value in the Kingdom valued at over
$8 billion, and plans to invest in assets worth an additional $6.34 billion by
2025.
The French company established a dedicated holding company in Saudi Arabia in
2019 as part of a bid to bring all the group’s assets in the Kingdom under one
entity.
ENGIE is now a major player in the development of Saudi Arabia’s renewable
energy, co-generation, energy efficiency and other green initiatives. In the
past 12 months, it has secured nine new contracts for projects in facilities
management, a seawater reverse osmosis plant and projects for the provision of
energy services through its service providers and in partnership with Saudi
actors.
In February, the company was awarded the Yanbu-4 independent water producer
desalination plant by the Saudi Water Partnership Company , projected to supply
450,000 cubic meters per day of desalinated seawater using clean energy.
ENGIE operations now provide 10 percent of the Kingdom’s electricity and 11
percent of its potable water.
The company has hired 62 additional employees, bringing the total number of
staff in the Kingdom to 2,000. ENGIE plans to expand its workforce to over 5,000
employees by 2025.