# Air Products in final negotiations for $11.5B JV to acquire Jazan assets

Air Products confirmed it is in final negotiations to form a joint venture with Saudi Aramco, ACWA Power and Air Products Qudra to acquire the gasification, power and industrial gas assets at Jazan Economic City, with a total investment value of about $11.5 billion.

- Type: Acquisition
- Announced: 2019-10-01
- Where: Jazan Economic City, Saudi Arabia, Saudi Arabia
- Value: $11.5B
- Status: announced
- Products: gasification, power, industrial gas
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Air Products](https://endata.com/companies/299.md) (investor)
- [Saudi Aramco](https://endata.com/companies/304.md) (partner)
- [ACWA Power](https://endata.com/companies/5576.md) (partner)
- [Air Products Qudra](https://endata.com/companies/42429.md) (partner)

## Sources

- [airproducts.com](https://www.airproducts.com/company/news-center/2019/10/1029-air-products-saudi-aramco-acwa-jv-at-jazan-economic-city), 2019-10-01: "Air Products today confirmed that it is in final negotiations to form a joint venture with Saudi Aramco, ACWA Power and Air Products Qudra to acquire the gasification, power and industrial gas assets at Jazan Economic City, representing a total investment value of about $11.5 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.