IKAR, CEG, and The Diamond Consulting signed a strategic collaboration agreement

It is announced that British IKAR Holdings, Saudi Consulting Engineering Group (CEG), and Emirati The Diamond Consulting signed a strategic collaboration agreement with the aim to strengthen the business relations between Saudi Arabia and Türkiye.

London-based IKAR Holdings, which is a global ecosystem consisting of a multi-tiered entrepreneurial investment house focused on investments, M&A, Joint-Ventures, and the creation of new entities and assets across different sector groups, have released a statement today announcing the collaboration agreement. According to the statement, the parties have agreed to collaborate and mutually co-invest in order to provide elite consultancy and expert project management services in the fields of construction, EPC, oil and gas, power and energy, health sector, IT, tourism, turnkey projects, and others with a focus on the bilateral relations between Saudi Arabia and Türkiye.

CEG, which is a privately owned group headquartered in Riyadh, is a leading engineering and architectural group in Saudi Arabia and the region. Founded nearly 60 years ago, the group is today involved in most of the prominent projects from NEOM to many other multi-billion projects in the country. Dubai-based The Diamond Consultancy provides high-value-added consultancy services to its clients, especially in the Middle East and Asia.

“OUR FIRST PRIORITY WILL BE TO ATTRACT TURKISH CONTRACTORS”

Vice President of IKAR Holdings Sertan Aycicel stated, “Today we laid the ground for a very successful collaboration for all parties involved. In particular, Saudi Arabia is developing mega-projects, which have global recognition. Our first priority will be to attract Turkish contractors to participate in outstanding construction projects in Saudi Arabia. Given that Turkish contractors are globally recognized for their professional performance, we believe that such companies will make a significant contribution to the successful completion of Saudi projects. I want to thank the leadership of CEG and The Diamond Consulting for appointing us as their global partner.”

“WE ARE INVITING TURKISH CORPORATIONS TO JOIN US”

President of CEG Osama Al Ali said, “As one of the first engineering and architectural groups in Saudi Arabia, we witnessed the enormous growth of our country within the last decades and in particular within the last years. Our country has established a major vision followed by impressive projects across all industries. We are inviting Turkish corporations to join us, and be part of our success story. We are very pleased to join forces with IKAR Holdings which will support us to bridge our region with reputable Turkish contractors and investors as well.”

“WE ARE HONORED TO BE PART OF SUCH A VALUABLE COLLABORATION”

Nabeeha Hussain, Managing Director, The Diamond Consulting added, “Our region is currently one of the most developing parts of the world with significant investments in infrastructure, technology, energy, hospitality, and many others. We are dedicated to supporting these developments, bringing together the best in class, and attracting co-investors and any other corporates and entrepreneurs who recognized the major business opportunities in our region. The collaboration agreement between CEG, IKAR, and Diamond Consulting, is maybe the first of its art as it has a strong focus on bridging our region with the corporate world in Türkiye. We are honored to be part of such a valuable collaboration between distinguished partners.”

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