PRESS RELEASES
DUbai UAE: June, 2007
New Venture will Target Companies Operating in Middle East and North Africa (MENA) region
Tatweer, a member of Dubai Holding, announced today the launch of IRCA Middle East, a joint venture with International Risk Control Association (IRCA) Global, South Africa. The company will provide comprehensive pure risk management solutions to a wide spectrum of industries in the Middle East and North Africa (MENA) region.
Ahmed Sharaf, Senior Vice President Health Care and Energy Tatweer signed the agreement for the set up of the company with Carel Labuschagne, Chief Executive Officer, IRCA Global.
Khalid Al Malik, Chief Executive Officer of Tatweer, confirmed the new company would be majority owned by Tatweer.
Al Malik said: “IRCA ME will initially focus on establishing itself in the UAE, providing risk management products and services to a wide range of industries. These sectors range from petrochemicals, base metals, construction, food and beverages, rail, process industries and medium to heavy manufacturing industries. Later, services will be extended to Qatar, Saudi Arabia and Oman. After that, the company will extend its reach to other countries, including Bahrain, Sudan, Algeria, Libya, Egypt and Morocco.”
He added that IRCA ME’s core business will be to provide services, critical to business continuity, to largely less structured businesses across the region.
The services range from a total solution to select single interventions through a wide variety of products and services. These include risk assessment, training, consulting, monitoring and inspection, auditing, environmental impact assessment, behavior-based solutions, business continuity interventions and risk management implementation methodologies.
IRCA continuously evaluates and updates market requirements as well as product and service offering strategies to stay ahead of the pack. Moreover, new solutions are constantly developed by the company to suit specific client requirements.
“Successful management of risks is vital to businesses and IRCA brings a wealth of expertise in this knowledge-intensive field. This will help improve corporate sector efficiency in the region and enable companies to be more successful,” Al Malik added.
Carel Labuschagne, Chief Executive Officer, IRCA Global, said the new venture was an important milestone in the region, adding that IRCA ME would have complete access to the global office’s technical information, risk management practices and all intellectual property. “The new venture will also contribute to the ongoing research and development exercise in pure risk management, safety system maturity, behavior interventions and business continuity,” he added.
IRCA’s best practice and internationally acclaimed products and services have stood the test of time. They are offered and packaged in a way that allows clients to determine the preferred type of intervention and relationship. IRCA Global operates a network of offices across 13 countries on five continents.
