Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries Ltd., announced the appointment of Adel Al-Juraid, a Saudi national, as the new CEO for the Kingdom.
In this new role, Al-Juraid leads the operations of Mitsubishi Power in the Kingdom and drives business expansion with a focus on localization and energy transition in line with Vision 2030.
Building on the company’s 50-year heritage in the Kingdom, Al-Juraid will focus on expanding Mitsubishi Power’s presence in power, oil and gas, and other key industrial sectors, aligning the company’s strategic initiatives with the Saudi national goals of energy sustainability, human capital development, and economic growth.
Javier Cavada, president and CEO of Europe, Middle East and Africa at Mitsubishi Power, said: “We are proud to partner with the Kingdom to deliver on the Saudi Vision 2030 and achieve its ambitious goal as a global energy hub for green and clean energy, with an empowered, active and skilled workforce. Under Adel’s leadership, and with his experience and track record in forging growth and localization initiatives, we will continue to expand our private and public sector partnerships in the country, providing our future-ready technology and high quality services to meet the Kingdom’s energy sustainability goals across the energy transition value chain. With our growing local investments powered by our Saudi service and repair centers, we will continue to create jobs for Saudi talent and share our knowledge to further support the rapid transformation of the country’s power supply.”
Al-Juraid said: “This is one of the defining moments in the Kingdom’s development, as the country experiences one of the fastest growing economies worldwide, with investments in new and emerging technologies. As a Saudi national, I am especially proud to support this growth with Mitsubishi Power’s industry-leading innovation and power technology solutions, grounded in our strong localization drive.”
