DC Pro Engineering aims at Saudi growth strategy

Saudi Arabia / Emirates Business

UAE-based DC Pro Engineering – a global leader in District Energy, Co-Generation, Tri-Generation and sustainability in Green Building MEP designs, has partnered with TAQNIA ENERGY(TE), a subsidiary of the Saudi Technology Development and Investment Company as part of its Saudi Arabia growth strategy; ‘Saudi 50’.
The exclusive agreement between the two entities marks a joint initiative to pitch for new business projects in the fields of District Cooling and renewable energy throughout the Kingdom of Saudi Arabia. DC Pro Engineering’s technical experience will be complemented by TE’s marketing capabilities and existing network.
DC Pro Engineering has been present in Saudi Arabia for 8 years and currently holds a market share of around 30-40 per cent in District Cooling. As part of ‘Saudi 50’, the UAE-based company aims to grow its presence within the country, expand its product offering and increase revenue opportunities from KSA. “The Saudi market is an extremely important one for us and we have instigated a strong strategy to strengthen our presence and offering across a number of products that we aim to introduce through our partnership with TAQNIA ENERGY,” Fouad Younan, Managing Director at DC Pro Engineering, said.
“As part of Saudi 50 we are targeting significant growth that will enable the Saudi market to account for 50 per cent of our total revenues by 2020.”