Abunayyan Holding and U.S. solar tracker manufacturer Nextpower, formerly known as Nextracker, have completed the formation of their previously announced joint venture, Nextpower Arabia, the companies announced on Monday. Headquartered in Riyadh, the joint venture aims to accelerate the deployment of utility-scale solar power projects across the Middle East and North Africa (MENA) region, supporting national renewable energy and Net Zero targets.
As part of the collaboration, the partners will establish an advanced manufacturing facility in Jeddah, Saudi Arabia, to produce solar tracking systems, yield management solutions, and control technologies for large-scale solar installations. The facility is currently under construction on a 42,000-square-metre site and is expected to commence operations in the second quarter of 2026.
Once operational, the plant is projected to deliver up to 12 GW of annual manufacturing capacity and create as many as 2,000 jobs, including approximately 600 direct positions. The facility will manufacture Nextpower’s full portfolio of solar tracking solutions, supporting the localisation of advanced clean-energy technologies within the Kingdom.
Commenting on the partnership, Khalid Abunayyan, Chairman of Abunayyan Holding, said the joint venture aligns with the company’s long-standing focus on making energy and water supply sustainable, accessible, and affordable. He added that localised manufacturing and capability building would directly support Saudi Arabia’s clean energy ambitions and long-term economic development.
Dan Shugar, Founder and CEO of Nextpower, described Saudi Arabia as a strategic market for the company’s regional expansion, noting that the partnership with Abunayyan Holding enables faster delivery of advanced solar technologies through trusted local collaboration.
Turki Al-Amri, CEO of Abunayyan Holding and Chairman and CEO of Nextpower Arabia, said the manufacturing facility represents the first step in a broader strategy to localise the solar supply chain across the MENA region. He added that sourcing key materials locally, including Saudi-produced steel, aligns with the Kingdom’s Vision 2030 industrialisation goals.
Abunayyan Holding brings over 75 years of experience in developing and operating water and energy infrastructure across the region, while Nextpower has more than 150 GW of solar trackers either operational or under fulfilment across 45+ countries, including over 6 GW in the Middle East and Africa.
The joint venture is positioned to support Saudi Arabia’s National Renewable Energy Program, which aims to significantly increase the share of renewables in the country’s power mix by 2030. According to the Middle East Solar Industry Association, regional solar capacity is expected to exceed 180 GW by 2030.
To support these efforts, the partners plan to invest approximately $88 million (SAR 330 million) in equity and debt funding over the next two years to develop the manufacturing facility and build advanced technical capabilities.
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