One of Europe’s leading engineering and project management companies said on Monday it has signed a joint venture deal with Dubai's state utility to offer consultancy services across the Middle East.
RWE Technology, the construction arm of the RWE Group which has ongoing projects in the Netherlands and Germany, has set up the JV with Dubai Electricity and Water Authority (DEWA).
The two partners said in a statement they intend to develop The Energy Consulting Company to offer consulting services in the region.
RWE Technologywill provide its expertise as an international project and engineering specialist in the power plant sector. Its capabilities include project management and implementation, international sourcing of major components, and quality assurance.
Saeed Mohammed Al Tayer, CEO of DEWA, said: "We are convinced that RWE Technology is the right partner on whom we can rely in all fields of consulting services, including energy and the environment, to provide our mutual expertise in the Middle East.
"Business potential between DEWA and RWE has endless possibilities, whether in sharing operational expertise, or developing innovative technologies to emphasise the significance of international public private partnerships."
RWE Technology managing director, Michael Fubi, added: "The Middle East and also North Africa are interesting markets for our external business. We see major advantages in developing these markets with the help of DEWA.
"The new company will offer comprehensive energy consulting services not only to energy suppliers in the region, but also to energy related projects in the oil and gas sector; the steel, chemical, aluminium and cement industries; government authorities; and private investors and developers."
Gulf states such as Saudi Arabia, Qatar and the UAE are investing billions in new industries and infrastructure to meet the demand of a growing population.