Major Saudi-Chinese credit deal signed as ACWA secures portfolio funding ...United Arab Emirates

Acwa Power, a Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, has signed a three-year revolving credit facility (RCF) agreement with China Construction Bank (DIFC Branch). The company said the agreement provides it with access to a $100m credit facility that will support strategic plans to up-scale its core power and water generation portfolio in the Middle East, as well as the ‘Belt & Road’ countries engaged with China Construction Bank. It also aims to contribute to the social and economic development of the communities it invests in and serves. Since 2009, Chinese financiers have contributed a total of $10bn across Acwa

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