SR.No: 10
TAQA Group
Sector: Energy
Sales: $11.2 billion
Profits: $822.5 million
Assets: $49.8 billion
Market Value: $41.6 billion
Abu Dhabi Power Corporation (ADPower) and TAQA merged in July 2020, making TAQA one of the top 10 integrated utility companies in Europe, the Middle East, and Africa in terms of regulated assets. The company has operations in the U.A.E. as well as Canada, Ghana, India, Iraq, Morocco, Netherlands, Oman, Saudi Arabia, the U.K. and the U.S. In December 2020, TAQA and its partner companies completed the financial closing of the AI Dhafra Solar Photovoltaic Independent Power Producer project, which will be the world’s largest single-site solar power plant. CEO and Managing Director Jasim Husain Thabet also serves on the board of Etihad aviation and Abu Dhabi Ports.