Nextpower Arabia, a joint venture (JV) between Abunayyan and Nextpower (formerly known as Nextracker), has been officially incorporated to expedite the deployment of utility-scale solar power plants across the Middle East and North Africa (MENA).
Based in Riyadh, Saudi Arabia, the JV aims to support regional renewable energy goals, including the country’s Vision 2030 initiative, by diversifying the economy and enhancing local industrial capacity.
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The collaboration follows an agreement signed in October 2025 between Abunayyan and Nextracker.
This partnership leverages Abunayyan’s experience in water and energy infrastructure within Saudi Arabia and the MENA region alongside Nextpower’s expertise in solar tracking systems and technologies.
Abunayyan chairman Khalid Abunayyan said: “Making energy and water supply readily accessible, sustainable and affordable is essential to the continued economic and social development of Saudi Arabia and our partners across the region. It is also central to the core values and DNA of Abunayyan Holding.
“Partnering with Nextpower, a true pioneer in the international solar energy community, strengthens our role in advancing Saudi’s clean energy vision by localising advanced manufacturing and technologies, building local capacity development and creating lasting value for generations to come.”
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By GlobalDataA new manufacturing facility in Jeddah forms part of this venture, producing advanced solar tracker systems to be implemented in large-scale projects throughout the MENA region.
The facility, occupying 42,000m², is expected to open in the second quarter of 2026 and aims to achieve an annual production capacity of up to 12GW.
This development is projected to create up to 2,000 jobs and foster local engineering talent as part of broader efforts to support Saudi Arabia’s industrialisation plans.
Abunayyan CEO and Nextpower Arabia chairman and CEO Turki Al-Amri said: “Our manufacturing facility represents the first step in our strategic vision to strengthen and localise the solar supply chain for our partners across the MENA region and enhance collaboration to deliver highly efficient and cost-effective clean energy.
“By sourcing core materials such as Saudi-produced steel through our strategic partners and manufacturing locally, we are supporting economic diversification and industrial growth that is at the foundation of Saudi Vision 2030.”
Nextpower’s track record includes more than 150GW of solar trackers installed globally, with significant projects across the Middle East and Africa such as Phase V of the Mohammed Bin Rashid Al Maktoum Solar Park in the United Arab Emirates.
The JV will play a vital role in achieving Saudi Arabia’s renewable energy aspirations by increasing the share of renewables in its energy mix.
This venture also projects an investment of around $88m (SR330m) through equity and debt financing over two years to develop manufacturing capabilities and technical expertise.
This investment aligns with regional projections from the Middle East Solar Industry Association, which forecasts solar capacity will surpass 180GW by 2030 due to cost competitiveness and production efficiency improvements.
