Saudi Energy Capital completes full acquisition of MENAISCO

user icon
NOHA.GAD
calender icon
Sep 25, 2023
article image

Riyadh - Sharikat Mubasher: Energy Capital Group (ECG), the Saudi-based investment company, completed the full acquisition of MENA Industrial Services Company (MENAISCO), a technical and engineering services company, ECG announced in a press release.

The acquisition is considered a turning point in ECG’s journey, cementing its position as a leading provider of industrial services solutions focused on serving regional needs across the energy sector.

The Founder and Managing Partner of ECG, Ali Alturki, said: “The acquisition of Menaisco by ECG2.0 - Fund 2 is a great addition to the fund’s Industrial National Champion Program and is a great step towards realising its ambitious goals.”

The portfolio of MENAISCO includes engineering services in oil and gas, power and water, and petrochemicals sector, in addition to successfully completed over 80+ projects.

Headquartered in Saudi Arabia, MENAISCO offers project staffing, engineering and field technical services to semi-governmental organizations and multinational conglomerates from across the Middle East and North Africa (MENA) region.

Meanwhile, ECG was established in 2008 with the main goal of establishing key strategic partnerships with local and global service providers.


Share

Related News

EEP to launch, operate schools in Riyadh starting 2026
News
Calendar Icon
July 15, 2025
EEP to launch, operate schools in Riyadh starting 2026
Read More
Mastercard renews partnership with 2025 Esports World Cup in Riyadh
News
Calendar Icon
July 15, 2025
Mastercard renews partnership with 2025 Esports World Cup in Riyadh
Read More
Uber unveils new product to empower women in Saudi Arabia
News
Calendar Icon
July 15, 2025
Uber unveils new product to empower women in Saudi Arabia
Read More
PIF’s Badeel, SAPCO, ACWA Power invest $8.3bn to elevate Saudi power grid
News
Calendar Icon
July 14, 2025
PIF’s Badeel, SAPCO, ACWA Power invest $8.3bn to elevate Saudi power grid
Read More
BYD to Expand Saudi presence with 7 new showrooms by 2026
News
Calendar Icon
July 14, 2025
BYD to Expand Saudi presence with 7 new showrooms by 2026
Read More
Sukna Capital launches Kingdom’s 1st sharia-compliant direct lending fund
News
Calendar Icon
July 14, 2025
Sukna Capital launches Kingdom’s 1st sharia-compliant direct lending fund
Read More
Saudi startups dominate Middle East VC funding in H1-2025
News
Calendar Icon
July 13, 2025
Saudi startups dominate Middle East VC funding in H1-2025
Read More
PIF launches Tasama to lead business services sector in Saudi Arabia
News
Calendar Icon
July 13, 2025
PIF launches Tasama to lead business services sector in Saudi Arabia
Read More
Schneider Electric to expand logistics network in Saudi Arabia
News
Calendar Icon
July 13, 2025
Schneider Electric to expand logistics network in Saudi Arabia
Read More
Heerim Joins New Murabba to bring global design to Riyadh’s future downtown
News
Calendar Icon
July 10, 2025
Heerim Joins New Murabba to bring global design to Riyadh’s future downtown
Read More