The Riyadh-based National TriGeneration CHP Company (NTCC) and UGL Services, an Australia-based international property and facilities management company, have one into a strategic joint venture agreement to provide faculties management services in the Kingdom of Saudi Arabia.
The agreement was signed by Salah Al-Afaliq and David Nelson on behalf of NTCC and UGL Services, respectively. The new JV, UGL Services, will initially focus on providing facilities management services and property services to government and private sector clients. This JV is also reportedly said to target the construction sector in which the Saudi government has recently pledged to invest more than SR100 billion on commercial, industrial, health
and educational projects over the next three years.
“They (UGL Services) are a proven and successful property services company with a strong international presence and possess an excellent track record in the Middle East. This joint venture will contribute to the government development plan that the Custodian of the Two Holy Mosques King Abdullah has recently approved,” said
NTCC chairman, Prince Saud bin Fahd bin Abdulaziz.
Referring to the business prospect in the region, Nelson aid that Saudi Arabia was an important market where the joint venture with the NTCC “will enable us to deliver integrated property services.” UGL Services will provide a myriad of services including building maintenance, protecting environment and achieving sustainability through energy-efficient use of cooling and lighting. The Australian UGL Services currently manages over 400,000 properties and 1.5 billion square meters globally with corporate education,