RIYADH: Saudi Arabia’s ACWA Power has signed an initial agreement with the European Bank for Reconstruction and Development to finance sustainable infrastructure projects. The signature of the memorandum of understanding took place on the sidelines of the Future Investment Initiative Forum in Riyadh, according to a statement. It will focus on project development between both
Potential funding per the MOU earmarked for sustainable infrastructure projects in Central Asia, Southern Caucasus, and North Africa. ACWA Power Company, a leading Saudi developer, investor, and operator of power.