• Cox, headquartered in Spain, is a global leader in water and energy Company with over 55 years of experience and a current concession portfolio of 5 water assets for up to 945,000 m³/day, 6 energy generation projects and 2 transmission line concessions. The company is a globally recognized leader in the water sector with over 250 client certifications and more than 20 international industry awards and has delivered more than 8.3 million m³/day in desalination and treatment capacity worldwide.

• AMEA Power, headquartered in Dubai, is one of the leading renewable energy companies, in Africa, the Middle East and Asia’s energy transition. With presence in more than 20 countries, and a project pipeline exceeding 6 GW, the company has more than 2,600 MW in operation and under construction including two flagship utility-scale projects in Egypt: the 500 MW Amunet Wind Power Plant and the 500 MW Abydos Solar PV Plant with 300MWh Battery Energy Storage System, currently two of the largest operating wind and solar PV assets in Africa.

• This Agreement enables both Cox and AMEA Power to further strengthen its presence in water and energy infrastructure projects across regions that are critical to the global economy.

• This Joint Venture reinforces the strategic relationship between Cox and AMEA Power, whose 3.76% stake (acquired during Cox’s IPO) underscores its long-term commitment and strategic alignment.

Madrid, 28 May 2025. Cox, a global leader in water and energy, and AMEA Power, one of the fastest-growing renewable energy companies in the Middle East and Africa, have joined forces to establish a Joint Venture focused on developing, executing, and managing strategic water and energy infrastructure projects across the Middle East, Africa, and Asia.

Cox: a global leading utility in water and energy, and a recognized global water operator with more than 55 years of experience.

Headquartered in Spain, Cox is a global leader in water and energy Company with over 55 years of experience and a current concession portfolio of 5 water assets for up to 945,000 m³/day, 6 energy generation projects and 2 transmission line concessions. The company is a globally recognized leader in the water sector with over 250 client certifications and more than 20 international industry awards and has delivered more than 8.3 million m³/day in desalination and treatment capacity worldwide.

Cox operates under a concession-based business model focused on water and energy, and complemented by engineering, procurement, and operations & maintenance (O&M) services. Its portfolio is geographically diversified across strategically selected high-growth countries, generating stable and recurrent revenues.

The company holds a leading global position in water infrastructure, particularly in the development and management of upstream assets. Cox has been consistently ranked among the top players in the sector by international institutions such as Global Water Intelligence (GWI), the Global Water Awards, the International Desalination Association, and the MEED Projects Awards. It was ranked in the global top three by GWI for the period 2014–2021.

Cox’s success is underpinned by its ability to implement innovative, competitive, and sustainable technology solutions in the water sector. The company’s over 250 client certifications represent a key entry barrier, further reinforcing its privileged positioning in an industry characterized by limited competition and high specialization.

 AMEA Power: a leading renewable energy company in Africa, Middle East and Asia

Headquartered in Dubai, AMEA Power is at the forefront of the global energy transition, with active operations and advanced development pipelines in more than 20 countries. Its diversified portfolio includes a project pipeline exceeding 6 GW and more than 2,600 MW in operation and under construction.

Recognized by TIME Magazine as one of the World’s Top Greentech Companies, AMEA Power is uniquely positioned to lead the development of renewable energy projects across emerging markets. The company’s capabilities across development, financing, construction and operation, ensure the efficient delivery of large-scale projects.  

AMEA Power is the developer of some of the largest projects in Africa, Middle East and Asia, including:

• the 500MW Amunet wind farm in Egypt – the largest wind project in Africa;
• the 500MW +300MWh Battery Energy Storage System Abydos solar plant in Egypt – one of the largest solar PV project on the continent;
• the 70MW + BESS Sheikh Mohamed Bin Zayed solar plant in Togo – the largest in West Africa;
• the 50MW Alhusainiyah solar plant in Jordan – a key part of Jordan’s national energy strategy; and
• the 1 GW wind project in Uzbekistan – a flagship wind project in Central Asia.

The Joint Venture: A Strategic Alliance to Accelerate Water and Energy Infrastructure in High-Growth Regions

The Joint Venture brings together Cox’s extensive experience and strong global market positioning with AMEA Power’s leadership in the energy sector, creating a powerful alliance to develop integrated infrastructure projects where access to water and energy are deeply interconnected.

By combining their technical, operational, and financial capabilities, both companies aim to address critical resource challenges in regions with rapidly increasing demand.

This partnership builds on the existing relationship between Cox and AMEA Power. As an anchor shareholder, AMEA Power holds a 3.76% stake in Cox, acquired during Cox’s IPO in November. This investment represents a long-term commitment and provides strategic support to Cox’s growth and development plans.

According to Enrique Riquelme, Executive Chairman of Cox: “This Joint Venture represents a critical step in Cox’s growth strategy, emerging from an integrated vision that combines water and energy solutions to tackle the most pressing challenges and meet the demands of markets in the Middle East and Africa. Through this partnership, we aim to develop projects where access to water and energy complement each other, creating new opportunities where both are essential for the sustainable development of communities.”

In the words of Hussain Al Nowais, Chairman of AMEA Power: “We are proud to partner with Cox in establishing this Joint Venture, a strategic alliance that brings together AMEA Power’s expertise in renewable energy and Cox’s leadership in water solutions. This partnership underscores our shared commitment to sustainable development and improving access to essential resources across Africa, the Middle East and Asia. It also reflects our continued support for Cox’s growth and sustainability initiatives in these key regions.”