A Saudi-Australian joint venture company will leverage a Saudi firm’s expertise in cooling, heating and power systems, complementing the facilities management know-how of the Australian constituent. The joint venture, between Riyadh-based National TriGeneration CHP Company (NTCC) and Australia-based firm UGL Ltd, will provide facilities management services and property services. The JV enity is named UGL Services. Prince Saud Bin Fahd Bin AbdulAziz Al Saud, chairman of NTCC, said the combined skills of NTCC and UGL would ensure the best outcome for clients. "This joint venture will contribute to the development plan that the government of the Custodian of the Two Holy Mosques has recently approved and activated. This plan offers job opportunities in the technical field for the Saudi youth, while providing them with high-level training using the latest technologies," he added. UGL’s chief executive for Asia Pacific and the Middle East, David Nelson, said: "The joint venture with NTCC will leverage UGL’s international best practice to deliver integrated property services." Nelson added: "Facility management is designed to fully integrate and monitor the tasks of all parties involved in the management and maintenance of projects ensuring that the technical and environmental standards are adhered to. Our overall aim is to preserve assets, extend their lifespan, and enhance the experience for workers and visitors." Many benefits The CEO, managing director and vice president of NTCC, Salah Al Afaliq, said UGL Services’ facilities management services would result in many benefits to owners of property including a reduction in property maintenance cost and the presence of a single point of contact to the client. The arrangement would allow clients to focus on their core business and ensure that the life of the property was fully achieved. UGL Services would also achieve sustainability through the energy-efficient use of cooling and lighting, he concluded. The joint venture will seek to capture some of the business from the SR100 billion ($26.6 billion) forecasted to be spent on commercial, industrial, health, and educational projects in the next three years.
