Riyadh - Sharikat Mubasher: Abunayyan Holding, a Saudi leader in water, energy, and infrastructure fields, and Nextpower completed the formation of the previously announced joint venture (JV), Nextpower Arabia.
Headquartered in Riyadh, Nextpower Arabia will accelerate the deployment of utility-scale solar power plants across the MENA region, supporting national and regional renewable energy transformation objectives and Net Zero targets, the company announced in a press release today.
As part of this partnership, both companies unveiled a new advanced manufacturing facility in Jeddah, which is expected to enable total manufacturing and localized supply chain capacity of up to 12 GW per year, supporting the creation of up to 2,000 jobs and the development of local engineering and technical talent within the Kingdom.
Spanning 42,000 square meters, the production facility is expected to open during the second quarter (Q2) of 2026 and will manufacture Nextpower’s comprehensive portfolio of solar tracking systems, adding up to 600 employees
Commenting on this milestone, Khalid Abunayyan, Chairman of Abunayyan Holding, said: “Partnering with Nextpower, a true pioneer in the international solar energy community, strengthens our role in advancing Saudi’s clean energy vision by localizing advanced manufacturing and technologies, building local capacity development, and creating lasting value for generations to come.”000
For his part, Turki Al-Amri, Abunayyan Holding CEO and Nextpower Arabia Chairman and CEO, stated that the manufacturing facility represents the first step in the company’s strategic vision to strengthen and localize the solar supply chain for its partners across the MENA region and enhance collaboration to deliver highly efficient and cost-effective clean energy.
Nextpower Arabia will provide advanced tracker systems, yield management, and control solutions for installation on large-scale solar projects across the MENA region.
Combining the deep regional expertise of Abunayyan Holding with the global solar technology leadership of Nextpower, Nextpower Arabia is well-positioned to support Saudi Arabia’s National Renewable Energy Program, which targets increasing the share of renewables in the country’s energy mix by 2030.