Acwa Partners with Thinkproject to Revolutionize Global Digital Strategy and Asset Management

Acwa Collaborates with Thinkproject for Digital Transformation

Acwa, recognized as the world's largest private water desalination company, has taken a significant step towards its strategic digital future by partnering with Thinkproject, a leader in built asset intelligence and lifecycle management. This collaboration aims to streamline and enhance the management of complex projects in the energy and water sectors.

Transforming Asset Management

The partnership seeks to revolutionize how Acwa delivers and operates its vast portfolio of power, energy, and water-related assets. By employing Thinkproject’s advanced digital platform, Acwa is set to facilitate a seamless and real-time digital transition starting from the construction phase. This is expected to not only accelerate project timelines but also ensure comprehensive visibility across its extensive range of projects.

With a foundation built on connected data, Acwa plans to streamline its operational procedures with its partners, thereby reinforcing governance, minimizing risks, and bolstering overall efficiency across its global initiatives. This transformation is vital for supporting quicker project delivery, enabling informed investment strategies, and boosting long-term operational success.

Key Features of the Partnership

1. One Connected Platform: The collaboration signifies the implementation of a unified digital platform that will cater to Acwa’s massive project portfolio.
2. Right-First-Time Delivery: With a focus on delivering projects accurately the first time, this initiative aims to enhance the effectiveness and reliability of Acwa’s undertakings.
3. Controlled Execution: The partnership is designed to ensure predictable construction outcomes, allowing for better risk management throughout the project lifecycle.
4. Operational Readiness: The goal is to expedite the handover processes and ensure that projects are operationally ready at scale, which is particularly critical in the energy and water sectors.
5. Optimized Performance: The long-term aim is to enhance the performance of Acwa’s global asset portfolio, ensuring sustained efficiency and effectiveness in asset management.

Maxime Laugier, Chief Revenue Officer of Thinkproject, highlighted the importance of this partnership, stating that it validates Thinkproject's leadership in delivering digital asset solutions. “Acwa is not merely adopting our technology for its customized data and analytics; they are leveraging it to propel their growth and scale up their digital initiatives,” he emphasized.

A Vision for the Future

The significant multi-million dollar collaboration spans a decade and epitomizes Acwa’s commitment to enhancing its digital capabilities. This strategic alignment aims to position Acwa at the forefront of providing essential infrastructure at substantial scales across not just Saudi Arabia but also the broader Middle East and international territories such as Central Asia, Africa, Southeast Asia, and China.

Thinkproject, headquartered in Munich, Germany, is well-regarded for its expertise in building construction, infrastructure, and the energy sectors. The company’s Built Asset Lifecycle Platform is instrumental in facilitating the establishment of an asset-centric connected data ecosystem that supports all stakeholders involved in the lifecycle of construction and infrastructure projects, from planning through to renewal.

This partnership marks a notable milestone for both Acwa and Thinkproject, as they embark on a journey aimed at meeting the world's growing infrastructural needs through innovative and efficient asset management practices.