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Interserve and Rezayat Group form new JV

Interserve has signed a new joint venture with Saudi Arabia’s Rezayat Group to provide FM services.

The JV will target work solely in the Kingdom of Saudi Arabia and will operate under the name Interserve Rezayat.

Rezayat Group has provided support services in the Middle East for more than 50 years, while Interserve has operated there since 1981.

Interserve Rezayat will provide integrated facilities management solutions including technical, maintenance, operational and managed services, as well as general support services.

Interserve chief executive Adrian Ringrose said: “This agreement represents the coming together of two great companies to form a world-class facilities management provider serving the whole of Saudi Arabia.

“Interserve has been operating in the Middle East since 1981 and we’re very excited to be entering the Saudi Arabian facilities management market in partnership with Rezayat at a time when the Kingdom’s economy is diversifying and evolving.”

Rezayat Group group general manager Shakeeb Alireza said: “With the coming together of two market leaders in support services, Interserve Rezayat will provide a wide variety of world-class facilities management solutions to customers within the Kingdom.”

 

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