THE RIG. and the Saudi Facility Management Company (FMTECH) Forge Partnership for Facility, Property, and Asset Management

Riyadh, Saudi Arabia, 08 February 2024: Today, Oil Park Development Company (OPDC), a wholly owned subsidiary of the Public Investment Fund (PIF) of Saudi Arabia and the entity behind THE RIG., and the Saudi Facility Management Company (FMTECH) have officially entered into a Memorandum of Understanding.

This partnership, signed by Oil Park Development Company’s CEO, Raed Bakhrji and FMTECH’s CEO, Adel Ibrahim Alroeshedy, will play a pivotal role in shaping the strategy for facilities, property, and asset management services at THE RIG. The agreement aims to align THE RIG.’s operational service needs with top-tier facilities and asset management practices.

Raed Bakhrji emphasized that the collaboration with FMTECH underscores THE RIG.’s dedication to improving operational efficiency and safety. Bakhrji further stated, “Through this partnership, we strive to ensure that our facilities are designed, equipped, and maintained to best support their intended operational requirements, while also being adaptable to future needs or changes.”

Adel Alroeshedy expressed, “Being involved in an ambitious project like THE RIG. enables us to collaborate on many areas that will help incorporate state-of-the-art technologies in facility and asset management. FMTECH is committed in offering expert guidance on best practices for addressing diverse challenges and providing innovative solutions related to the maintenance and management of project facilities, as well as accessibility, visitor experience, and safety.”