KBW Chairman Prince Khaled bin Alwaleed and Progen Group Chief Executive Officer Eduardo Barella at the event.
DOHA: Aiming to play major role in Qatar’s infrastructure development programme, Progen Group, one of the largest engineering consultancy firms in South America, and KBW Investments (KBW) have announced a partnership to deliver engineering consultancy services across the Middle East, India and Australia.
“The partnership complements the companies’ visions of providing full-fledged engineering services to the regions’ fast growing industrial and infrastructure sectors,” said Eduardo Barella, Chief Executive Officer, Progen Group.
Headquartered in Brazil, Progen Group has a global footprint with a workforce of more than 2,500 professionals. Since its founding in 1987, the Group has specialised in engineering consultancy and studies, multi-disciplinary design, programme management, project management, and construction supervision services.
Progen works across the petrochemical, pharmaceutical, food & beverage and automotive industries and serves a wide range of sectors including, infrastructure and power, mining & metals, and oil and gas.
Progen’s debut in the Middle East region occurred back in 2009 during the design of a $1.3bn pelletising plant and distribution center located at the Port of Sohar, in Oman.
Currently, Progen’s operation in the Middle East is based in Qatar where the firm is focusing its efforts to become a bridge between the two countries for the stadiums and mega events experience developed during the 2014 FIFA Brazil World Cup.
“This partnership equips us to better serve clients and suppliers across several large, growing regions,” said Prince Khaled bin Alwaleed, Chairman, KBW.
“These growing markets have massive infrastructure and industrial needs, and our combined expertise will be pivotal in taking on these projects in a sustainable and cost-effective manner,” he said.
KBW invests in a diverse array of businesses in the Middle East, South America and Europe —from established businesses in the construction industry to promising technology start-ups—that align with the changing needs of the region.
KBW’s growth strategy emphasises patience, prudence and discipline in its investment decisions and targets companies with solid history, innovative ideas, a clear vision for future, and the potential to enact positive global impact. KBW’s current portfolio includes investments in the sectors of manufacturing, construction, engineering, energy, and technology sectors. The Peninsula
