news & events

SEPCOIII signs the EPC Contract for Red Sea Utility Assets and Infrastructure Project


*

On February 7, ACWA POWER and SEPCOIII signed the EPC Contract for Red Sea Utility Assets and Infrastructure Project. Mr. Mohammad A. Abunayyan, ACWA POWER Chairman and Mr. Wang Lujun, the Chairman and Secretary of the Party Committee of SEPCOIII and Mr. Liu Fangjiang, the Vice President of SEPCOIII and President of SEPCOIII Dubai Headquarter, Mr. Ren Yuanbo, the Chairman assistant and Project Director of Red Sea Project, presented in a virtual ceremony.

Red Sea Project is the first to establish the PPP model in Saudi infrastructure construction, also is first fusion energy more complementary and integration of large infrastructure projects, commercial projects on the world, including photovoltaic, wind power, BESS ,ICE,RO, STP, ISW,, ICT and DCP, etc.

Successful signing of EPC contract of Rea Sea Project, clearly shows the powerful strength and advantages for competitiveness of SEPCOIII, and at the same time reflects ACWA POWER’s high recognition of SECPOIII’s excellent management level and courageous entrepreneurial spirit in the implementation of projects in the Middle East . Successful signing of EPC contract of Rea Sea Project, further expanded SEPCOIII’s brand influence in Saudi and even the entire Middle East region as well, and laid a good foundation for SEPCOIII to develop the infrastructure field.