DGAP-News: RIB Software SE (RIB) signs a Phase-II-contract (No. 26 / 2021) with a leading Oil and Gas Service Provider in UAE

18-May-2021

RIB Software SE (RIB) signs a Phase-II-contract (No. 26 / 2021) with a leading Oil and Gas Service Provider in UAE

Dubai, United Arab Emirates, 18 May 2021. RIB Software SE, the world's leading provider of iTWO 5D BIM Big Data technology for the construction industry, today announced the conclusion of a Phase-II-contract with a major oil and gas service provider in the UAE.

With a history of serving the oil and gas sector for over 4 decades, the customer has developed proficient solutions and expertise, supported by world-class professional services. With core expertise in construction and fabrication, the organization has increased its capability and portfolio and offers erection and installation of turbines, access lifts and other critical infrastructure for oil and gas facilities and onsite fabrication of mechanical equipment. The construction division maintains its own dedicated long-term labour force and equipment such as cranes, welding sets and trailers, and the fabrication yard is built on 23,000 m² of land.

RIB has been entrusted with the digital transformation of the customer's diverse operations, covering six business units and core operational functions such as finance, supply chain, projects, HR, CRM, quality management and document management. The strategic project was awarded after a deep evaluation of the various solutions and services providers available globally to drive comprehensive business transformation through a robust digital platform. The project is supported and accompanied by Levtech Consulting, a global alliance partner of RIB.

Anilesh Kumar, CEO, Levtech Consulting: "We do truly believe that our customers are our partners and we look for the right values and synergies in every engagement. With this key project and relationship, we are partnering with an organization that has strong business growth and expansion plans and has great vision in terms of protecting the environment and community care. We are excited to be a strategic partner in moving this important customer in to a digital future, which will aid their focus on quality, customers and employees. Data is going to become increasingly important to service the oil and gas industry and we look to deliver a key competitive advantage for our customer in servicing this industry."

About RIB Group

RIB Software SE is an innovator in the building and construction industry. The company develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB's flagship cloud-based platform, provides the world's first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experiences in the construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and bringing in new thinking, new working methods and new technologies to enhance construction productivity. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21^st century.