Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Sun May 20 2018

Related Information
Related Information
Related Information

News » International » US-Saudi JV targets innovative power projects » published 19 Apr 2018

US-Saudi JV targets innovative power projects

Louis Berger has announced the signing of a joint venture agreement to support innovative ways of providing power in remote areas of Saudi Arabia.

Frank Jordano of Louis Berger and Sheikh Khalid Al-Boayz of KFB Holding Group Above: Frank Jordano of Louis Berger and Sheikh Khalid Al-Boayz of KFB Holding Group

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.”



Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 19 Apr 2018 (last updated on 19 Apr 2018).

More News Channels