Thursday 19 September 2019

French utility group Engie names new Saudi CEO

RIYADH, May 19, 2019

French multinational utility company Engie has appointed Turki Al Shehri, an industry veteran, as its new chief executive for Saudi Arabia.

In his new role, Al Shehri will spearhead Engie’s efforts to grow its presence in the kingdom and bolster its portfolio of investments, partnerships and customer solutions, as one of the leading French investors in Saudi Arabia.

Engie is a major player in Saudi Arabia and is active in three businesses: Power generation, water desalination, and energy services.  

As the new CEO, Al Shehri will work closely with the three businesses lines, in particular with its customer solutions entities in Saudi Arabia including Engie Cofely, Engie Energy Services Saudi, Cofely Axima, Endel and Tractebel.

He brings with him over 17 years’ experience working in the kingdom's energy sector. Previously, he held numerous strategic roles including that of the head of Renewable Energy Project Development Office (Repdo) in the Ministry of Energy, and the Head of Power Investment at Saudi Aramco.

Al Shehri is a graduate from the University of South Florida holding a B Sc in Electrical Engineering.

Welcoming him into the fold, Sébastien Arbola, CEO Engie (Middle East, South and Central Asia and Turkey, said: "Al Shehri's knowledge of the Saudi market is invaluable as we seek to invest further in the kingdom. He is a passionate leader in the energy sector, and we are confident that he will greatly contribute towards our growth in Saudi Arabia."

A regional independent power and water producer, Engie Middle East, South & Central Asia and Turkey has a regional presence of almost 30 years and boasts a gross capacity of 32 GW of power and 5.5 million cu m/day of water.

The French major also owns 40 per cent of Tabreed, the regional leader in district cooling, which is a key regional development platform. It is also a GCC’s leading facility management services provider via Engie Cofely.

"I am delighted to join Engie and take on new challenges and opportunities to further grow our business in Saudi Arabia," remarked Al Shehri.

"I have watched Engie grow across the region to become the market leader it is today and am truly excited to be leading this team in Saudi Arabia as we continue to build a stronger portfolio in line with the Kingdom’s Vision 2030," he added.

In Saudi Arabia, the group co-owns and operates four facilities producing 6 GW of power and 176 million gallons per day of desalinated water.-TradeArabia News Service


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