ACWA Power, a Saudi power plant developer and investor with assets worth over $30 billion, has signed a Memorandum of Understanding (MoU) with China Energy Engineering Corp. to explore joint investment opportunities and cooperate on power generation and water desalination projects across the Middle East and Asia. The deal was signed in Dubai on Sunday by ACWA Power's chairman, Mohammad Abunayyan and China Energy’s chairman, Wang Jianping.
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