Abdul Latif Jameel Energy has continued its expansion and diversification strategy by establishing Almar Water Solutions, a provider of specialist expertise in water infrastructure development.
Mohammed Abdul Latif Jameel, Chairman and CEO of Abdul Latif Jameel, said: “The establishment of Almar Water Solutions demonstrates our continued efforts to become the leading developer of sustainable energy and water solutions.”
The announcement was made at the World Future Energy Summit (WFES) in Abu Dhabi in January. Almar Water Solutions aims to tackle the challenges of water scarcity and contamination. Its launch is a further development for Abdul Latif Jameel Energy’s renewable energy portfolio, which already includes Fotowatio Renewable Ventures (FRV) – the largest GCC-based solar photovoltaic provider.
Roberto de Diego Arozamena, Chief Executive Officer of Abdul Latif Jameel Energy, said: “Through the establishment of Almar Water Solutions, Abdul Latif Jameel Energy is uniquely positioned with both our renewable energy and water treatment solutions.”