Nextpower and Abunayyan Holding have partnered and created a new joint venture (JV) company, Nextpower Arabia, which is headquartered in Riyadh. The JV company aims to expedite the deployment of utility-scale solar power plants across the Middle East and North Africa (MENA) region. By doing so, it will contribute to national and regional renewable energy transformation objectives and help achieve Net Zero targets, the statement said.
Beyond its primary focus on solar power, the new JV will also see the establishment of an advanced manufacturing facility in Jeddah, Saudi Arabia. This facility will equip Nextpower Arabia with tracker systems, yield management, and control solutions for the installation of large-scale solar projects across the MENA region.
The manufacturing facility is anticipated to have a total capacity of up to 12GW per year, enabling the production of Nextpower’s comprehensive portfolio of solar tracking systems. This capacity will create 2,000 jobs and foster the development of local engineering and technical talent within the Kingdom.
Currently under construction on a 42,000sqm site, the production facility is expected to open in Q2 of calendar year 2026. Once operational, it will employ 600 employees and contribute to the overall growth and development of the solar energy industry in the region.
Khalid Abunayyan, Chairman, Abunayyan Holding said, “Making energy and water supply readily accessible, sustainable, and affordable is essential to the continued economic and social development of Saudi Arabia and our partners across the region. It is also central to the core values and DNA of Abunayyan Holding. Partnering with Nextpower, a true pioneer in the international solar energy community, strengthens our role in advancing Saudi’s clean energy vision by localising advanced manufacturing and technologies, building local capacity development, and creating lasting value for generations to come.”
Dan Shugar, Founder and CEO, Nextpower added, “Saudi Arabia is a strategic market for Nextpower as we expand our ability to serve customers across the Middle East. The Kingdom is making significant progress in advancing the energy transition, and we’re proud and honored to support these monumental initiatives with proven solar technology and trusted local partnerships. Abunayyan Group’s regional expertise and alignment with our business focus make them the right partner to help deliver greater value, faster, for customers in the region.”
Turki Al-Amri, Abunayyan Holding CEO and Nextpower Arabia Chairman and CEO continued, “Our manufacturing facility represents the first step in our strategic vision to strengthen and localise the solar supply chain for our partners across the MENA region and enhance collaboration to deliver highly efficient and cost-effective clean energy. By sourcing core materials such as Saudi-produced steel through our strategic partners and manufacturing locally, we are supporting economic diversification and industrial growth that is at the foundation of Saudi Vision 2030.”
Headquartered in the US, Nextpower has over 150GW of trackers in operation or under fulfillment across more than 45 countries worldwide. This portfolio includes over 6GW of solar projects in the MEA, such as Phase V of the Mohammed Bin Rashid Al Maktoum Solar Park in the UAE and 3GW of Saudi landmark projects.
Nextpower Arabia is well-positioned to support the National Renewable Energy Program in the Kingdom of Saudi Arabia, which aims to increase the share of renewables in the country’s energy mix by 2030. By localising manufacturing in Saudi Arabia, the company aligns with the country’s industrialisation and export development plans. This collaboration also helps reduce the cost of clean energy for major projects across the region, the statement explained.
According to the Middle East Solar Industry Association’s (MESIA) recent 2025 Solar Outlook Report, cost competitiveness and improved production efficiencies are accelerating solar adoption and government-backed clean energy strategies. The report projects that regional solar capacity will exceed 180GW by 2030, indicating a growing demand for solar energy.
Abunayyan Holding and Nextpower are committed to supporting this growth opportunity, they anticipate funding the joint venture with US $88mn in equity and public and private debt financings over the next two years. This substantial capital will enable the construction of a manufacturing facility and the development of technical and engineering capabilities, the statement concluded.
Nextpower and Abunayyan Holding incorporates Nextpower Arabia Middle East Construction News.
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