UGL Ltd (ASX:UGL) says it will partner up with National TriGeneration CHP Company to provide facilities management and property services in the Kingdom of Saudi Arabia.
Both engineering services companies have signed a joint venture agreement to work for government and private sector clients in Saudi Arabia.
UGL managing director and CEO Richard Leupen says the partnership will strengthen the company’s position in the Middle East, where it has been working since 2007.
UGL advises that the Kingdom of Saudi Arabia is the largest market in the Middle East by Gross Domestic Product, and is forecast to spend significantly on property and infrastructure.
The joint venture is due to start in June 2011.
In the first six months of the 2011 financial year UGL recorded a net profit of $64.9 million.
