RELEASE: Arctech Meets with ACWA Power and China Energy Engineering Group

(Information sent by the signatory company).

RELEASE: Arctech Meets with ACWA Power and China Energy Engineering Group

(Information sent by the signatory company)

KUNSHAN, China, March 6, 2023 /PRNewswire/ -- Arctech, the world's leading provider of solar tracking, fixed structures and BIPV, welcomed senior management from ACWA Power and China Energy Engineering Group Co., Ltd. (hereinafter "CEEC") at a business meeting at Arctech's headquarters, Kunshan, China.

ACWA Power is the largest independent power and water desalination company in the Middle East, and CEEC is one of the largest providers of comprehensive solutions to the power industry in the world.

Cai Hao, Chairman and President of Arctech extended a warm welcome to Mohammad A. Abunayyan, Chairman of ACWA Power on his trip to China. "Arctech and ACWA Power have carried out fruitful cooperation in previous projects, we look forward to strengthening and innovating ways of cooperation with ACWA Power under the initiative of Road and Belt and Saudi Arabia's 2030 vision, becoming a pair of role models." for Road and Belt cooperation," he said.

Mr. Abunayyan said, "The Road and Belt initiative echoes the Saudi Arabia 2030 vision. The deep synergy between these two initiatives creates even broader prospects for bilateral exchanges and cooperation. Arctech and ACWA Power have forged a strong foundation of cooperation, we hope that both sides can unleash their full potential and advantages, and continue to deepen cooperation in the future."

On February 19, Alharbi Sami Mugbel S, Vice President of ACWA and President of ASB 1 Projects Company

Mr. Alharbi said, "The solar industry is ready to take off in the Middle East, ACWA Power hopes to become a role model of China-Saudi Arabia cooperation in the renewable industry."

AND; Mr. Xiong said, "We have been impressed by Arctech's professional service and reliable products in past cooperations. We hope to continue and deepen the cooperation."

Arctech has amassed a 3 GW project pipeline in the Middle East since entering the market in 2017.

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