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The project is developed by the Shams Power Company, a special purpose vehicle of Abu Dhabi Future Energy Company (Masdar) in cooperation with Spain's Abengoa Solar and France's Total S.A. Masdar has 60% in the project while Abengoa Solar and Total S.A. each have 20%. The power station is developed under a 25-year build, own and operate contract. Bids to build and operate the power station were made by several international consortia. In addition to Abengoa Solar and Total S.A., Saudi Arabia's ACWA Power and Spain's Iberdrola, Germany's MAN Ferrostaal and Solar Millennium, and Spain's Grupo Cobra and Grupo Sener made their bids.