The memorandum of understanding sets up a joint venture, Louis Berger Power KSA. The JV brings together infrastructure engineering and program management firm Louis Berger and KFB Holding Group, a Riyadh-based, family-owned business providing electrical equipment manufacturing, contracting, construction and industrial services.
Louis Berger Power KSA will operate as an engineering, procurement and construction (EPC) contractor. The MoU recognizes a shared objective to new ideas and power technologies for greater efficiency, productivity and outreach in remote and off-grid locations. The JV’s capabilities span traditional and modular fuel-burning power plants, electrical distribution, renewable power and ‘smart grid’ technology.
“We’re honoured and pleased to partner with KFB Holding Group, a company that has been a key driver in the development of industrial manufacturing capacity in Saudi Arabia for over 30 years,” said Alaa Abdul ‘Alex’ Samad, Louis Berger Power Middle East/Africa regional director. “This strategic partnership is crucial as we continue to strengthen our ties with the KSA through a synergistic EPC power team that offers solutions for a better world.”