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Acwa Partners with Thinkproject

In a significant move aimed at enhancing its global strategy, Acwa has teamed up with Thinkproject, a prominent figure in built asset intelligence and lifecycle management. This strategic collaboration is set to transform how Acwa manages complex assets across the energy, electricity, and water sectors. The partnership comes at a time when digitalization is not just an option but a necessity for staying competitive in today’s rapidly evolving market.

At the heart of this collaboration lies a cutting-edge platform developed by Thinkproject that facilitates continuous, real-time digital transfer from the construction phase onward. This feature accelerates operational implementation, offering unparalleled visibility across Acwa's extensive project portfolio. By establishing a standardized working methodology and a unified database that connects all stakeholders, Acwa is not only improving governance and risk management but also streamlining its overall operational efficiency.

Key Benefits of the Partnership

1. Streamlined Project Delivery: The partnership allows for timely deliveries on megaprojects, enabling complex undertakings to be managed more effectively.
2. Predictable Construction Processes: With a focus on controlled-risk execution, the partnership promises to provide predictable construction outcomes that cater to clients’ needs.
3. Enhanced Operational Readiness: By optimizing the construction process, projects can move faster into operational phases, ensuring quicker delivery to those who depend on these vital services.
4. Long-Term Performance Optimization: Acwa aims to enhance the long-term performance of its global asset portfolio, ensuring sustainability and efficiency remain at the forefront of its operational goals.

Maxime Laugier, the Research Director at Thinkproject, emphasized the importance of this alliance, stating, "This partnership reinforces Thinkproject's leadership in digital resource provision. Acwa's adoption of our platform is not merely about data provision; it’s a commitment to accelerate its growth and digital journey, aligning perfectly with our expertise and capabilities."

The financial commitment behind this ten-year partnership amounts to several million dollars, underlining the seriousness and depth of the collaboration. The partnership is poised to support Acwa's global digitization strategy, ensuring the company continues to lead in providing essential large-scale infrastructure in various regions, particularly in Saudi Arabia, the broader Middle East, and international markets, including Central Asia, Africa, Southeast Asia, and China.

About Thinkproject

Founded in Munich, Germany, Thinkproject boasts over 700 employees globally. The company manages more than 750,000 users across 75,000 built assets for over 3,250 clients in over 60 countries. Its lifecycle management platform equips clients with a connected data ecosystem tailored for efficient asset management throughout their lifecycle—from planning and operations to renewal and renovation. This collaboration with Acwa represents a strategic step towards incorporating advanced digital solutions in infrastructure projects, ensuring all stakeholders have consistent access to relevant and updated information.

Through this innovative partnership with Thinkproject, Acwa is not only enhancing its operational strategies but is also redefining asset management in the energy sector, paving the way for future advancements in the industry.