Prime Minister Datuk Seri Anwar Ibrahim shakes hands with Acwa Power chairman Mohammad A. Abunayyan on the sidelines of the World Economic Forum Special Meeting in Riyadh April 29, 2024. — Bernama picRIYADH, April 29 — Saudi Arabia-based renewable energy giant Acwa Power has expressed interest in investing more than US$10 billion in Malaysia over a 10-year period.
This was conveyed by Acwa Power chairman Mohammad A. Abunayyan when he paid a courtesy call on Prime Minister Datuk Seri Anwar Ibrahim on the sidelines of the World Economic Forum Special Meeting here today.Also present during the half-an-hour call were Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz as well as the senior management of Bursa Malaysia-listed renewable energy firm Cypark Resources and its major shareholder, Jakel Group.
“Acwa Power, one of the world’s largest renewable energy companies, is keen on investing in Malaysia, implementing technology transfer and sharing its renewable energy expertise for industrial parks in Jasin, Melaka, and Kerian, Perak, to power up green data centres,” she told reporters after the meeting.Jakel Group managing director Datuk Seri Mohamed Faroz Jakel said Jakel Capital, which is Cypark Resources’ biggest shareholder, will also be involved in the renewable energy project.
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