Dubai-based KBW Investments has joined hands with Brazil-headquartered Progen Group to deliver engineering consultancy services to companies across the Middle East region, India and Australia.

KBW is an investment company owned by Prince Khaled bin Alwaleed, the son of Saudi billionaire Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, the chairman of Kingdom Holding Company.

Its current portfolio includes investments in the sectors of manufacturing, construction, engineering, energy, and technology sectors.

“The partnership complements the companies’ visions of providing full-fledged engineering services to the region’s fast growing industrial and infrastructure sectors,” remarked Eduardo Barella, the chief executive officer of Progen Group.

Headquartered in Brazil, Progen Group is one of the largest engineering consultancy firms in South America, with a global footprint and workforce of more than 2,500 professionals.

Since its founding in 1987, Progen has specialised in engineering consultancy and studies, multi-disciplinary design, program management, project management, and construction supervision services.

Progen works across the petrochemical, pharmaceutical, food & beverage and automotive industries and serves a wide ranges of sectors including, infrastructure and power, mining & metals, and oil and gas.

Commenting on the partnership, Prince Khaled said: "This equips us to better serve clients and suppliers across several large, growing regions. 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."

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.-TradeArabia News Service