Acwa Power, a leader in power generation and water desalination projects, has signed with an agreement with Saudi Basic Industries Corporation (Sabic) for pursuing opportunities to enhance local content in Saudi Arabia.

The memorandum of understanding (MoU) was signed by Thamer Al Sharhan, managing director at Acwa Power and Fuad Mosa, VP of Local Content & Business Development at Sabic.

The partnership is in alignment with Acwa Power’s commitment to play a leading role in developing and promoting local content and establishing end-to-end Saudi value chain for all its activities and projects in the Kingdom.