Dominovas Energy today announced that it has entered into a Memorandum of Understanding with the Al-Rushaid Group’s Al-Rushaid Technologies. The two companies will be discussing the development of a relationship to pursue common business interests between Dominovas Energy Corporation and Al-Rushaid Technologies (Dhahran, Kingdom of Saudi Arabia). Their goal is to identify common business interests, strategies, and approaches for establishing a profitable working relationship that will help both of them successfully advance forward in their respective business strategies.
As a Strategic Business Partner, Al-Rushaid Technologies will collaborate with Dominovas Energy to identify key relationships, scope out projects, and secure business contracts for Dominovas Energy in the geographic region comprising the Kingdom of Saudi Arabia, the United Arab Emirates and other surrounding kingdoms. Today’s press release shared that a couple prospective opportunities have already been identified by the companies, including, but are not limited to, national power companies and major oil companies, along with the identification of specific financing vehicles and financing partners within the region.
Al-Rushaid Technologies has business interests in electrical power generation, optimization, and energy conservation technologies which have strategic relevance and immediate applications in the Kingdom of Saudi Arabia and throughout the Arabian Gulf region. According to today’s news release, Al-Rushaid Technologies will provide logistical support to Dominovas Energy from its Dhahran office in Saudi Arabia, and will include business development operations, marketing, day to day logistics, and local presence.
Al-Rushaid Technologies’ parent company, the Al-Rushaid Group, is one of the largest industrial companies in the Kingdom of Saudi Arabia. Building its reputation on the provision of world-class products and services for the most challenging applications, the Al-Rushaid Group is now a multi-billion dollar (USD) commercial organization with business units in energy services, manufacturing and engineering, construction, advanced technologies, trading, and real estate. A provider of diverse products and specialized services, the Al-Rushaid Group is partnered with many of the world’s leading companies to provide those companies with advanced technology, products, and services throughout the Middle East.
For more information on Dominovas Energy, visit www.dominovasenergy.com
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