Global technology company Invensys, which already has a presence in the Middle Easts oil and gas sector, has revealed plans to penetrate the region?s power sector
The Middle East?s share of the Invensys software and industrial automation business is around 10 per cent of its global revenues.
Invensys president and chief executive officer Mike Caliel said, ?We believe our share in the Middle East is growing faster than in other areas. The end market is aligned quite well with our large strengths in oil and gas, power generation, refineries and petrochemicals where the clients will typically recognise sophisticated technology and very sophisticated capabilities, and they place a premium on very safe and reliable operations.?
Invensys has an installed base in the Middle East worth US$800mn and Caliel said it was safe to say the base is growing ahead of market growth.
Invensys operations management for Europe, Middle East and Africa president Franco Restelli said Invensys had technical offices in several countries in the region including one in Dubai and Dammam.
Restelli added, ?In Saudi Arabia, we have a long-term relationship with Saudi Aramco. We have an operation base with more than 150 engineers functioning as a locally established company. We did the first fully Saudi executed job with Manifa and we did all the base automation plans and all the IT systems there.?
Invensys is strong in other regional markets also, said Restelli. The company has its presence in Kuwait, Oman and Bahrain. It has an engineering centre in Egypt as well.
