Abdul Latif Jameel
Abdul Latif Jameel and FRV´s Future
Over recent years, Abdul Latif Jameel Energy and Environmental Services has taken strategic steps to build its capabilities in the renewable energy sector. In March 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 technology
- 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
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.
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 17,000 people.
Abdul Latif Jameel has diversified businesses across seven major industry sectors:
- Passenger Vehicles
- Commercial Vehicles and Equipment
- 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, and this is reflected in the work of Community Jameel, the social enterprise organisation of the Jameel family. Community Jameel operates a wide range of initiatives to promote a positive society and economic sustainability. From individual, community and Arab life as a whole, in Saudi Arabia and beyond, Community Jameel promotes Arab arts and culture in the Middle East and around the world, works against unemployment, enables research for poverty alleviation and food and water security, and provides education and training opportunities.
Community Jameel works in partnership with major institutions around the world. One long-standing relationship is with the Massachusetts Institute of Technology (MIT). With MIT, Community Jameel has supported and partnered with:
- The Abdul Latif Jameel Poverty Action Lab (J-PAL), which uses randomized control trials as an economic tool to fight poverty and support development around the world;
- The Abdul Latif Jameel World Water and Food Security Lab (J-WAFS), which coordinates and promotes water and food research at MIT, emphasizing the deployment of effective technologies, programmes and policies that will have a measurable and international impact;
- The Abdul Latif Jameel World Education Lab (J-WEL), which works to spark a global renaissance in education for all learners, leveraging MIT’s resources to convene a global community of collaborators for sustainable, high-impact transformation in education through research, policy, pedagogy, and practice;
- The Abdul Latif Jameel-Toyota Endowed Scholarship, providing opportunities for young people from across the Middle East, North Africa and Asia to study undergraduate at MIT;
- The MIT Enterprise Forum Arab Startup Competition, promoting entrepreneurship in the Arab world through training, mentorship and competition; and
- The MIT Enterprise Forum Saudi Arabia, the local chapter in Community Jameel’s home country.
Community Jameel was formally established in 2003 to continue the Jameel family’s tradition of supporting the community, a tradition started in the 1930s by the late Abdul Latif Jameel, founder of the Abdul Latif Jameel business, who throughout his life helped tens of thousands of disadvantaged people improve their lives across a variety of fields including healthcare and education:
To find out more about Community Jameel, please visit their website