Thabet assumed his current role in 2020. Established in 2005, TAQA has power, water, and oil and gas assets in 23 countries worldwide. It made $14.1 billion in revenue during 2023 and had $58 billion in assets by the end of Q1 2024. In June 2024, TAQA, Vision Invest, and the GIC consortium announced the financial closing for the Juranah Independent Strategic Water Reservoir project in Makkah, which will cost over $408.4 million. Thabet is also the deputy chairman and a board member at Masdar. He was previously CEO and MD of Abu Dhabi Power Corporation and CEO of Tabreed.