#None #Digitalization #Thinkproject #Acwa

ACWA Partners with Thinkproject for Strategic Digital Transformation

In a significant move to enhance its global strategy and asset digitization, ACWA, the world’s largest private desalination company, has appointed Thinkproject as its strategic digitalization partner. This partnership aims to innovate the management of complex energy and water facilities, paving the path for enhanced operational efficiency and performance in large-scale asset management.

Transforming Asset Management

The collaboration with Thinkproject is set to revolutionize how ACWA executes and operates its extensive portfolio of projects in the energy sector. By utilizing Thinkproject’s advanced platforms, ACWA can facilitate a continuous digital handover process from the initiation of construction through to readiness for operation. This shift will not only speed up the commissioning but also foster transparency across their entire project portfolio.

The strategic alignment with Thinkproject signifies ACWA's commitment to developing a unified and interconnected database. Standardizing operations with its partners will enable ACWA to strengthen corporate governance, minimize risks, and improve global operational efficiency. This methodology will facilitate quicker deployment of projects and enhance investment decisions, ensuring a sustainable operational performance over time.

Key Features of the Partnership

• - Connected Data Ecosystem: One of the cornerstones of the partnership is the establishment of a connected data ecosystem that ensures all stakeholders have seamless access to up-to-date and relevant information. It significantly impacts decision-making processes and project execution.
• - Predictability in Construction: The digital integration allows for better planning and risk-controlled execution of complex infrastructure projects, essential in a sector as unpredictable as energy.
• - Speedier Turnaround: By integrating digital solutions, ACWA anticipates a faster transition from construction to operational readiness, critical for large-scale project implementation.
• - Enhanced Long-term Performance: With the unified approach, ACWA aims for optimized performance across its global asset portfolio, ensuring resilience and sustainability in service delivery.

Maxime Laugier, Chief Revenue Officer of Thinkproject, expressed optimism about this collaboration, underscoring Thinkproject's expertise in delivering digital assets tailored to accelerate growth and digital transformation. He mentioned, “This partnership is a strong endorsement of our leadership role in the delivery of digital assets.”

A Decade-Long Investment

The partnership, which is valued in the millions over a decade, underscores ACWA’s ambition to lead the charge in establishing vital infrastructure, not only in Saudi Arabia and the Middle East but also extending to international markets such as Central Asia, Africa, Southeast Asia, and China.

About ACWA

ACWA Power is renowned for its pioneering role in the energy transition and green hydrogen sector. With a comprehensive understanding of the energy landscape, ACWA is committed to providing solutions that meet the growing demand for water and energy.

About Thinkproject

Based in Munich, Thinkproject is a global leader in built asset lifecycle management and provides innovative solutions for various sectors, including construction, engineering, and asset operation. With over 700 employees, Thinkproject supports more than 750,000 users across over 60 countries, showing its prominent positioning in the market.

In conclusion, the appointment of Thinkproject marks a significant milestone in ACWA's mission to enhance its operational efficiencies and drive forward its digital transformation agenda in the energy and water management sectors.