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The two firms join hands to deliver energy and sustainability services in Saudi Arabia and Bahrain
November 29, 2024 | Staff Reporter | KSA | Facilities Management
Musanadah, a leading Saudi-based facilities management company and wholly owned subsidiary of Alturki Holding has marked its exclusive partnership with CoolPlanet, a global leader in energy efficiency and decarbonization solutions headquartered in Ireland, with an official signing ceremony at the Irish Embassy in Riyadh. This collaboration marks a significant step in Musanadah’s mission to support the Kingdom’s Saudi Green Initiative and Vision 2030 economic diversification program, together with its commitment to achieving net zero emissions by 2060.
Under this strategic alliance, Musanadah has established a new specialist energy services division entitled Musanadah Energy and Sustainability Services and will combine its local market expertise and extensive relationships with CoolPlanet’s international engineering prowess to deliver innovative and comprehensive energy and sustainability services to both Saudi Arabia and Bahrain. These services are designed to help clients significantly reduce their carbon footprint, optimize energy usage, and unlock energy savings through advanced data-driven solutions.
Musanadah brings strong credentials, certified by Saudi Energy Efficiency Centre as an energy services company (ESCO), granted both a level 2 energy services companies license and level 3 industrial energy audit license. This development underscores its technical capability to manage end-to-end decarbonization and energy optimization solutions on a range of assets in the built environment, including megaprojects, oil and gas plants, and industrial facilities. From detailed assessments and advanced engineering analysis to complex engineering project delivery, Musanadah empowers its clients to make informed data-driven decisions. This is followed by ongoing, real-time monitoring, ensuring measurable results in terms of energy savings and carbon reduction.
“We are thrilled to partner with CoolPlanet to deliver world-class energy and sustainability services,” commented Rami Alturki, President & CEO of Alturki Holding, Musanadah’s parent company. “This partnership aligns with our dedication to drive impactful change, support the Kingdom's environmental targets, and deliver tangible results for our clients."
Speaking from the Irish Embassy in Riyadh, Norman Crowley, Chairman of CoolPlanet commented, "Today marks a pivotal moment as CoolPlanet exclusively partners with Musanadah to advance the Kingdom’s Vision 2030 Saudi Green Initiative and drive meaningful action toward net zero by 2060. Together, we’re not only elevating sustainability standards but also paving the way for impactful, innovative solutions that will set a benchmark for environmental stewardship across Saudi Arabia and beyond."
We are thrilled to partner with CoolPlanet to deliver world-class energy and sustainability services. This partnership aligns with our dedication to drive impactful change, support the Kingdom's environmental targets, and deliver tangible results for our clients.
Rami Alturki, President & CEO of Alturki Holding
Distinguishing the combined Musanadah and CoolPlanet offering is the ability to provide a full suite of services under one integrated digital platform. Clients benefit from seamless monitoring and management, from the plant room to the boardroom, using multiple data points that feed into a single enterprise-level solution. The platform delivers real-time insights through a custom-built, dynamic dashboard, showing a clear glide path to achieving energy savings and financial goals.
In addition to the robust technology platform, clients will benefit from Musanadah’s experienced support team on the ground in Saudi Arabia to guide and assist with decision-making. This combination of cutting-edge technology and hands-on support ensures clients fully realize the potential of their energy and sustainability programs.
With this collaboration, Musanadah and CoolPlanet are positioned to play a pivotal role in helping organizations across Saudi Arabia and Bahrain achieve their sustainability targets, reduce costs, and contribute to the region’s broader environmental goals.
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