Early Life and Education
Mohammad Abunayyan was born in Riyadh, Saudi Arabia, in 1962. He comes from a family with an entrepreneurial background, as his father, Abdullah Abunayyan, was an early entrepreneur in the water industry, founding Abunayyan Trading in 1950. Abunayyan graduated from Alyamamah High School in 1979. He holds a Bachelor of Engineering from King Fahd University of Petroleum and Minerals. He has also pursued international programs in modern management, governance, and investment.
Rise to Success
Abunayyan's career began in the family business, Abunayyan Trading, specializing in agricultural equipment. He gained experience in the power and water sectors over three decades. His strategic vision led to the founding of ACWA Power in 2004. ACWA Power developed into a major player in power generation and water desalination, with a significant portfolio of projects across multiple countries. ACWA Power went public in 2021.
Key Business Strategies
Abunayyan's key business strategies have focused on long-term offtake contracts under utility services outsourcing and Public-Private Partnership models. ACWA Power has expanded its renewable energy portfolio, with a focus on projects in the Middle East, Africa, Central Asia, and Southeast Asia. The company has emphasized innovation and sustainable energy solutions.
Philanthropy
While the exact amounts are not available, Mohammad Abunayyan is involved in several initiatives within Saudi Arabia. He holds various positions in organizations focused on transforming and diversifying the Saudi economy.
