Dubai: Cox, a global leader in water and energy, and AMEA Power, a rapidly expanding renewable energy company in the Middle East and Africa, have joined forces to establish a Joint Venture. This partnership is focused on developing, executing, and managing strategic water and energy infrastructure projects across the Middle East, Africa, and Asia.
According to Emirates News Agency, the Joint Venture leverages Cox’s extensive experience and strong global market presence with AMEA Power’s leadership in the energy sector. This collaboration aims to create integrated infrastructure projects where access to water and energy are interlinked, addressing critical resource challenges in regions with a growing demand for these essential resources.
By combining their technical, operational, and financial strengths, both companies seek to tackle resource challenges in these rapidly developing regions. The partnership builds on an existing relationship, with AMEA Power holding a 3.76% stake in Cox, acquired during Cox’s IPO in November. This investment signifies a long-term commitment and strategic support for Cox’s growth and development.
Enrique Riquelme, Executive Chairman of Cox, highlighted that the Joint Venture is a significant step in Cox’s growth strategy, focusing on integrated water and energy solutions to address pressing challenges and meet market demands in the Middle East and Africa. Hussain Al Nowais, Chairman of AMEA Power, expressed pride in partnering with Cox, emphasizing the strategic alliance’s commitment to sustainable development and improved access to essential resources across Africa, the Middle East, and Asia.