Dominovas Energy Corporation (OTCQB: DNRG) announces the signing of a Memorandum of Understanding with the Al-Rushaid Group’s Al-Rushaid Technologies. The document platforms discussions regarding the development of a relationship to pursue common business interests between Dominovas Energy Corporation and Al-Rushaid Technologies (Dhahran, Kingdom of Saudi Arabia). Both Companies have agreed to identify common business interests, strategies, and approaches for establishing a profitable working relationship that will allow for the successful execution of various endeavors concerning their collective business mandates.
As a Strategic Business Partner, Al-Rushaid Technologies will collaborate with Dominovas Energy to identify key relationships, identify projects, and secure business contracts for Dominovas Energy in the geographic region comprising the Kingdom of Saudi Arabia, the United Arab Emirates and other surrounding kingdoms. Prospective opportunities initially identified by the Companies to develop include, but are not limited to; national power companies and major oil companies, along with the identification of specific financing vehicles and financing partners within the region.
The relationship recognizes that Al-Rushaid Technologies has business interests in electrical power generation, optimization, and energy conservation technologies which have strategic relevance and immediate applications in the Kingdom of Saudi Arabia and throughout the Arabian Gulf region. Al-Rushaid Technologies will provide logistical support to Dominovas Energy from its Dhahran office in Saudi Arabia, and will include business development operations, marketing, day to day logistics, and local presence.
About Al-Rushaid Group
One of the largest industrial companies in the Kingdom of Saudi Arabia, the Al-Rushaid Group is a multi-billion dollar (USD) commercial organization with business units in energy services, manufacturing and engineering, construction, advanced technologies, trading, and real estate. Founded in 1978, the Al- Rushaid Group built its reputation by providing world-class products and services for the most challenging applications, both in the region and around the globe. A provider of diverse products and specialized services, the Al-Rushaid Group is partnered with many of the world’s leading companies to provide those companies with advanced technology, products, and services throughout the Middle East. http://www.al-rushaid.com