Trade Arabia reported that Saudi based Al-Toukhi Company for Industry, Trading and contracting has signed an agreement with Poyry Energy to co-operate on engineering, procurement and contracting projects.

Mr Mazin Al-Alami president of Al-Toukhi and Mr Nico Kruger regional director of Poyry Energy, Middle East and Southern Africa signed the agreement. The deal paves way for Al-Toukhi to tap into Poyry’s project management and consulting engineering expertise, said that the duo after signing the pact.

Mr Al-Alami said that “Coupled with sector privatization, mega Saudi power projects will be a major player in the utilities expansion for years to come. Al-Toukhi will tap into Poyry’s expertise in preparing, proposing and executing such EPC projects. The long term trend we are seeing in the Kingdom of Saudi Arabia to expand the infrastructure of power generation, transmission and distribution infrastructure on the one hand calls for an overhauling of the modus operandi of EPC contractors to meet the anticipated sector growth on the other.”

He said that “This is the main driver behind our joint effort with Pöyry, which boasts international expertise and strong sector know-how along with local project knowledge.”

Mr Kruger said that “The Saudi market is undergoing a transformation in the power sector given the need to improve the efficiency of current generation by upgrading open cycle to combined cycle generation, build thermal power plants as well as implement overhead high-voltage transmission line projects.”

He said that “This and other areas create fertile co-operation ground for our company and Al-Toukhi to team up on EPC projects.”

via Steel Guru : Al-Toukhi and Poyry in EPC project deal.

« »