Over recent years, Abdul Latif Jameel Energy and Environmental Services has taken strategic steps to build its capabilities in the renewable energy sector. In April 2015, the company completed a 100% acquisition of FRV making it the largest GCC-based solar photovoltaic (PV) developer, and one of the leading solar PV developers in the world. In turn, FRV has become the leading energy business in the Abdul Latif Jameel Energy and Environmental Services portfolio.

The two organizations share a philosophy for thoughtful and sustainable business growth – engaging new strategic partnerships and exploring ventures where tangible possibilities for economic and social development are identified.

This new chapter brings great potential for the future of FRV

  • Extensive access to the Middle East, North Africa and Turkey (MENAT), through one of the region’s most respected names
  • Financial strength and stability for future innovation and investment
  • Opportunities for international expansion into new markets, and for diversification into new solutions within the renewable energy field
  • A joint commitment to the socio-economic development of the MENAT region

Looking Toward Future Horizons

Strategic Partnerships

Abdul Latif Jameel is a diversified business comprised of independent entities with deep roots in the MENAT region.  Strong networks and long-established relationships make Abdul Latif Jameel a powerful partner, opening doors for those who want to do business in the region.

Abdul Latif Jameel businesses represent some of the world’s leading brands, earning their trust and building long-lasting and mutually beneficial relationships.  Their commitment to anticipate and support their partners’ needs has driven their success, for more than seven decades.

Global Reach

Established in 1945, Abdul Latif Jameel has dual headquarters in Jeddah, Saudi Arabia and Dubai, UAE, and currently has operations in more than 30 countries and employs approximately 17,500 people.

Diverse Expertise

Abdul Latif Jameel has diversified businesses across seven major industry sectors:

  • Transportation
    • Passenger Vehicles
    • Commercial Vehicles and Equipment
    • Logistics
  • Engineering and Manufacturing
  • Financial Services
  • Energy and Environmental Services
  • Land and Real Estate
  • Consumer Products
  • Advertising and Media

Committed to Sustainability

Advancing human potential is a business imperative at Abdul Latif Jameel. The late Abdul Latif Jameel’s lifetime of work to support the community helped tens of thousands of disadvantaged people in the fields of healthcare, education and improving livelihoods. From its earliest days, Abdul Latif Jameel has pioneered an active and positive social change in the local communities it serves – and far beyond, collaborating with globally-renowned institutions such as the Massachusetts Institute of Technology (MIT), and the V&A Museum.

In 2003, Abdul Latif Jameel formalized its commitment to social and economic development by creating a dedicated organization, Community Jameel. This community-spirited tradition of the Jameel family is continued today by Community Jameel, which focuses on six areas:

  • Job Creation
  • Global Poverty Alleviation
  • Food & Water Security
  • Arts and Culture
  • Education and Training
  • Health and Social

 

To find out more about Abdul Latif Jameel’s community and social initiatives, please visit their website

Jameel-Toyota Scholarship

In 1994, Community Jameel established the Abdul Latif Jameel-Toyota Endowed Scholarship at the MIT to provide financial support for undergraduate students from more than 20 countries in the Middle East, North Africa and Asia.

The scholarship is named in honour of the late Abdul Latif Jameel, founder of the Abdul Latif Jameel business, and of the Toyota Motor Corporation – among its diversified business interests, Abdul Latif Jameel is the largest independent Toyota distributor in the world.

The Jameel-Toyota Scholarship at MIT embodies the principles of Community Jameel to help young people from the Middle East, North Africa and beyond to achieve their potential at one of the world’s leading academic institutions.

Since its establishment, the Jameel-Toyota Scholarship has supported over 160 MIT students, many of whom have gone on to establish successful businesses, and to give back to their communities with innovative, pro-social initiatives. The Jameel-Toyota Scholarship is administered by MIT and is open to eligible candidates from the catchment countries via the MIT Student Financial Services online portal: sfs.mit.edu

Current and alumni Jameel-Toyota Scholars remain connected to each other and the wider Community Jameel and MIT family through a vibrant global network.

Alberto Sicre

General Director, OHL Industrial

FRV’s main strengths are its credibility, track record and experience in the sector. It is one of the few market players that, when considering new projects, shows real interest and commitment to delivery, and not just on a quick return on their investment.

José Benjumea

Founder, FRV

We believe that our success needs to have a positive impact in those regions where we operate and that education is the best channel to meet this goal, and to improving the future of those communities that embrace our projects

Gianfranco Carassale

Lead Investment Officer, Inter-American Investment Corporation (IIC)

They are known for their expertise in solar technology as well as for their deep knowledge of the process, the financial structure and the energy market as a whole. This enables them to be extremely competitive. This way they reach efficiency and maximize profits, developing economically viable projects even at very tight and ambitious price targets.

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