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鈥檚 capabilities span traditional and modular fuel-burning power plants, electrical distribution, renewable power and 鈥榮mart grid鈥� technology.
鈥淲e鈥檙e 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,鈥� said Alaa Abdul 鈥楢lex鈥� Samad, Louis Berger Power Middle East/Africa regional director. 鈥淭his 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.鈥�
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