The National TriGeneration CHP Company (NTCC), a specialist in cooling, heating and power systems, has announced a joint venture partnership with Australia-based property and facilities management company UGL Limited.
The JV entity, to be named, UGL Services, will initially focus on providing facilities management services and property services to government and private sector clients across the Kingdom of Saudi Arabia.
This JV is poised to target the significant investment and infrastructure spend forecast in the construction and service sectors in the Kingdom of Saudi Arabia where over SR100 billion (US$27 billion) is forecast to be spent on commercial, industrial, health, and educational projects in the next three years.
Expressing his satisfaction over the JV, the chairman of NTCC, HRH Prince Saud Bin Fahd Bin AbdulAziz Al-Saud,said: “We are delighted to be partnering with UGL Services in this joint venture. They are a proven and successful property services company with a strong international presence and possess an excellent track record in the Middle East. The
combined skills of NTCC and UGL will ensure we deliver the best outcome for our 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 latest technologies.” The CEO, managing director and vice president of NTCC, Eng. Salah Al-Afaliq, said that UGL’s FM services can result in many benefits to owners of property including a reduction in property maintenance cost, providing a single point of contact to the client to manage all of the operations and maintenance sub-contractors, allow clients to focus on their core business and to ensure that the life of the property is fully achieved.
“UGL Services capabilities involve not only maintaining buildings but also protecting the environment and achieving sustainability through energyefficient use of cooling and lighting.” With a global management portfolio of over 400,000 properties and 1.5 billion square metres among corporate education, retail, government and public institutions, UGL Services provides corporate real estate and facilities management services in nearly 60 countries from four hubs in Middle East, Australia, Singapore and the North America, combining innovation, market knowledge, leadership and the latest technology to deliver a true endto- end offering in the property and outsourcig sector.