Hub Power Company (HUBCO) and FWO Enjazat L.L.C. have today signed a memorandum of understanding (MoU) to explore collaboration on various business opportunities in energy, water and mining sectors.
FWO Enjazat is a partnership between Frontier Works Organization and the Private Office of His Highness Sheikh Ahmed Dalmook Al Maktoum, both being large scale developers and having multiple businesses across Pakistan, Africa, Middle East and South Asian regions and is based out of the U.A.E.
Private Office of His Highness Sheikh Ahmed Dalmook Al Maktoum operates under the name of SEED Group in United Arab Emirates. The private office operates six companies in sectors ranging from food, general trading, real estate and telecom. The Emirati Group has more than 25 partnerships with different companies from around the world. The group has investments in more than 21 companies in UAE and 48 companies from across the globe.
In a bourse filing today, Hub Power Company (HUBCO) informed that, “FWO Enjazat and Hubco are interested in collaborating on various business opportunities and developing business partnerships across multiple sectors in Pakistan and abroad, with special focus on energy, water recycling and desalination, infrastructure development and mining.”