Marsh launches Engineering Hub in Saudi Arabia, 3rd in MENA region


The Saudi city of Al Khobar is now home to Marsh’s third engineering center in the Middle East, aimed at helping regional energy companies manage risk. Oil industry expert Nick Holland takes charge of the new installation.

Marsh Engineering Centers support energy, power and commercial real estate customers with personalized, research-based expertise on product liability, business disruption , terrorism and political violence, and other critical business risk factors.

The global financial advisory and risk management firm already has two hubs in the United Arab Emirates – Dubai and Abu Dhabi – and has now launched into Saudi Arabia with Al Khobar as the prime location. The broader objective is to support a region facing the full brunt of a global energy transition away from fossil fuels, while seeking to foster a local business landscape, which requires significant investment in infrastructure.

CEO of Marsh in Saudi Arabia, Bassam Al Bader, explained how the company is “expanding its specialized capabilities and geographic reach across the Middle East”, helping the region to develop a balance between “higher demands on their resources ”and the broader“ decarbonization ”agenda.

Leadership

Nick Holland, a former ExxonMobil risk analyst who joined Marsh in the Middle East in 2016, is leading the charge in Saudi Arabia. Holland is stepping down from his role as Senior Vice President based in Dubai to join the Al Khobar hub, where he will coordinate risk management efforts. with the firm’s vast regional clientele.

“Nick’s extensive experience in critical risk mitigation – gained at some of the world’s most complex manufacturing sites – will be invaluable to our technically diverse customers in Saudi Arabia,” said Al Bader.

And Holland expects to stay busy with projects – including the thriving and lucrative green hydrogen economy. “The energy sector is the cornerstone of the Saudi economy; In addition to being the world’s largest producer of oil and gas, the Kingdom has ambitious plans to expand its capabilities in solar power and carbon-free fuels such as green hydrogen.

Such is the state of flow and development – in Saudi Arabia and across the Middle East – that Al Bader has signaled targeted expansion plans. “We plan to announce new additions to the team in the coming months that will build on the country’s rich expertise as we continue to invest in local talent,” he said.

About Leni Loberns

Check Also

UK launches ambitious trade deal with Gulf countries

Talks kick off in Riyadh to strike a trade deal with countries covering £33.1bn of …