Stork Technical Services, a global provider of knowledge-based asset integrity services, and Al-Rashed Group for Projects Holding, a major participant in oil and gas, utilities, infrastructure, and power transmission and distribution projects, are pleased to announce that Stork Technical Services has taken 49% shareholding in Al-Rashed Cooperheat Trading & Contracting Co WLL.

Post signing, the company will be converted to a KSCC company and renamed Stork Technical Services Kuwait. The company will offer specialised technical services with world class and high quality services to the oil and gas, petrochemical and power sector.

Abdulaziz Al Rashed, chairman and managing director of Al-Rashed Group for Projects Holding stated, "Stork Technical Services enjoys a worldwide reputation as a leading provider of highly specialist services in a number of major industrial sectors. Al-Rashed Group for Projects Holding is delighted and honoured that Stork Technical Services has made this significant commitment to participate in the future development of the State of Kuwait."

Doug Meikle CEO of Stork Technical Services declared that his company’s expansion in the Middle East is one of the key strategies the company has been planning for the last few years; "That is why we are very pleased to affirm our cooperation with such an outstanding company as Al Rashed. We are honoured to work with Al Rashed and look forward to continuing our long relationship."