German group Aquila announces strategic Mideast expansion
Aquila Group, a private enterprise headquartered in Hamburg, Germany, which has been driving innovation in clean energy and sustainable infrastructure as both an investor and developer since 2001, today (April 8) announced its strategic expansion into the Middle East with the launch of a new office in Abu Dhabi.
It has appointed Zaki Nuseibeh as the Chief Executive Officer of Aquila Capital Middle East.
The dual announcement marks a significant milestone in Aquila Group's global expansion and will enable the company to pursue both regional and global opportunities.
In line with the In-Principle Approval (IPA) that is subject to final regulatory permissions granted by the Financial Services Authority (FSRA) of ADGM to carry out regulated activities, Aquila Group's newly established office will be based in ADGM's international financial centre.
In his new role, Nuseibeh will be responsible for driving the company's GCC expansion from Abu Dhabi. His significant experience and regional expertise will be instrumental in tapping the dynamic investment landscape in the GCC, with a focus on sustainable real asset investments.
Aquila Capital Middle East will lead capital raising and investment activities in the region on behalf of funds managed by Aquila Capital - the Group's asset manager, co-owned by German bank Commerzbank.
Its activities will centre on deploying capital into energy transition and infrastructure assets, including data centers and renewable energy projects.
Roman Rosslenbroich, Chief Executive Officer & Co-founder, Aquila Group, said: "Aquila Capital Middle East, based in Abu Dhabi, will serve as both a hub for the Group's long-term expansion in the region as well as a bridge between our European and Asia-Pacific businesses."
"Undeniably, the UAE offers significant opportunities for investors in sustainable real assets, driven by the government's forward-looking initiatives, its focus on driving diversification through innovation and the flourishing green infrastructure ecosystem. As the demand for these investments continues to grow, we are well positioned to bring our expertise in clean energy and sustainable infrastructure investments and project development to the region," he added.
Nuseibeh said the decision to establish a presence in Abu Dhabi reflects the group's deep confidence in the UAE's economic growth and its rapidly evolving energy infrastructure.
"We aim to serve local investors and support their growing exposure to private market opportunities by offering access to Aquila Capital's sustainable real asset strategies. We also plan to invest, alongside our clients and partners, in regional projects that promote sustainable development by creating tailored thematic products for the region in the future," he noted.
"I look forward to leading the company's expansion in such a dynamic market and delivering on Aquila Group's long-term vision and commitment to sustainable investment on a global scale," he added.
With over euro 25 billion in transactions and euro15.4 billion in assets under management, the company has established a solid track record.
Aquila Group has developed 2.5 GW of its own clean energy projects, including solar PV, wind energy and battery energy storage systems and has a 19 GW portfolio of installed or development capacity today. It has around 700 employees across 20 offices globally.- TradeArabia News Service
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