On behalf of the Riyadh-based National TriGeneration CHP Company (NTCC), Salah Al-Afaliq, NTCC managing director and CEO inked the accord. David Nelson signed the deal on behalf of the UGL Services, an Australia-based international property and facilities management company. The event followed by a press conference at Novotel Hotel in Riyadh and was attended by a number of top company executives and diplomats, including Australian Ambassador Kevin Magee.

Speaking on this occasion, Prince Saud bin Fahd bin Abdulaziz, NTCC chairman, 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. This joint venture will contribute to the development plan that the government of Custodian of the Two Holy Mosques King Abdullah has recently approved,” he added.

Referring to the business prospect in the region, Nelson said that Saudi Arabia was an important market where the joint venture with the NTCC “will enable us to deliver integrated property services.”

Al-Afaliq concluded by saying that the UGL Services capabilities involve not only maintaining buildings but also protecting environment and achieving sustainability through energy-efficient use of cooling and lighting. The Australian UGL Services currently manages over 400,000 properties and 1.5 billion square meters globally with corporate education, retail, government and public institutions in North America, Australia, New Zealand, Asia Pacific and the Middle East.