Zhao Qiming holds talks with Abunayyan, the Chairman of ACWA Power
On July 13,local time,Zhao Qiming, Secretary of the Party Committee, Chairman and General Manager of SEPCOIII, held talks with Mohammad Abunayyan, Chairman of ACWA Power, at the headquarters of ACWA Power. Marco Arcelli, General Manager of ACWA Power, Zhu Jing, the Saudi representative of Power China International Engineering Co., Ltd. Chen Yunpeng and Kong Lingfeng, Deputy General Manager attended the meeting.
Mr. Abunayyan warmly welcomed the visit of Zhao Qiming and his delegation, and provided a detailed introduction to the asset management business structure, strategic planning adjustments, and Saudi market prospects of ACWA Power project. He pointed out that ACWA Power and SEPCOIII have established a very close partnership through cooperation in the global market for many years. SEPCOIII's international management capabilities, especially in the fields of solar thermal and seawater desalination, have reached the international first-class level. At present, the relationship between China and Saudi is at its best in history, and the cooperation between the two countries' enterprises has entered a "big era". Looking forward to the future, ACWA Power is willing to further engage in comprehensive cooperation with SEPCOIII in the fields of gas turbine power stations, new energy, seawater desalination, energy storage, green hydrogen, and other fields, jointly promoting the solid implementation of the economic and trade cooperation strategy between the two countries.
Zhao Qiming sincerely thanks Abunayyan and ACWA Power for their trust, understanding, and support to SEPCOIII. He pointed out that the rapid improvement of SEPCOIII' international management capabilities over the past decade is due to their close cooperation with ACWA Power. Saudi has always been the most important overseas market for SEPCOIII and the country with the highest proportion of SEPCOIII's international business. ACWA Power is SEPCOIII's most important customer in the overseas market. Facing the future, under the historical opportunity of China's in-depth promotion of the "the Belt and Road" co construction and Saudi's proposal of the "Vision 2030", SEPCOIII of Power Construction Corporation of China will continue to firmly deepen the path of international development, continue to deepen the Saudi market, focus on technology leadership and strengthen cooperation with ACWA Power in various fields, To be a staunch supporter of ACWA Power's new strategic planning goals and rapid development in the "Vision 2030" initiative, and to help China and Saudi take economic and trade cooperation to a new level.
At the meeting, both sides held a management seminar to conduct in-depth discussions on changes in market conditions, technological change trends, and management reform and innovation, in order to promote consensus on ensuring consistency of interests and achieving mutual benefit in future cooperation.
Kashif Rana, Chief Asset Management Officer of ACWA Power, Abdulhameed Al Muhaidib, Chief Financial Officer, and some senior management personnel from the Saudi and China regions, as well as personnel from the Saudi representative office and headquarters of POWERCHINA International Engineering Co., Ltd, attended the meeting.