Progen Group and KBW Investments (KBW) have announced a partnership to deliver engineering consultancy services across the Middle East, India and Australia. “The partnership complements the companies’ visions of providing full-fledged engineering services to the regions’ fast growing industrial and infrastructure sectors,” said 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 Group has specialized in engineering consultancy and studies, multi-disciplinary design, program management, project management, and construction supervision services. Progen works across the petrochemical, pharmaceutical, F&B and automotive industries, and serves a wide ranges of sectors including, infrastructure and power, mining & metals, and oil & gas.
“This partnership equips us to better serve clients and suppliers across several large, growing regions,” said Prince Khaled bin Alwaleed, Chairman, KBW. “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. KBW’s growth strategy emphasizes patience, prudence and discipline in its investment decisions and targets companies with solid history, innovative ideas, a clear vision for future, and the potential to enact positive global impact. KBW’s current portfolio includes investments in the sectors of manufacturing, construction, engineering, energy, and technology sectors.