RIB Software AG (RSTA) signs a Phase I Deal with Rezayat Group in Saudi Arabia to use its iTWO 5D Big Data Technology
Dubai, U.A.E., 06 October 2014. RIB Software AG, the world's leading construction 5D Big Data enterprise project delivery solution provider, announced today they have signed a Phase I Agreement with Rezayat Group of Saudi Arabia to use the iTWO 5D Big Data platform for construction. Under this initial agreement, Rezayat will roll out iTWO 5D technology across the tendering divisions of their three independent Engineering & Construction groups, taking advantage of the iTWO 5D enhanced model-based QTO and estimating capabilities, bi-directional data exchange with their scheduling software, virtual 5D simulation, procurement and sub-contract management using e-tendering, and corporate standardization of their tendering data using iTWO's Big Data single source of truth database. At the completion of this first phase roll-out, Rezayat will then begin implementation of the iTWO 5D Technology for multi-project execution.
With over 10,000 employees, the Rezayat Engineering and Construction groups have a rich and very successful history in the Kingdom of Saudi Arabia and across the Middle East and Africa, providing engineering, construction and construction management services for the Power, Oil, Gas, Petro-chemical and Water industries (both on-shore and off-shore), as well as large industrial and civil engineering projects of all types.
"We are very excited about delivering iTWO 5D Big Data technology to support Rezayat's vision of an integrated and sustainable platform to manage their portfolio of works across their independent Engineering & Construction groups." said RIB's Managing Director for Middle East operations, Chris Williams. "Rezayat is an important client for RIB that will help further our innovative technology for construction in the EPC sector, and continue the successful momentum we have going in Middle East region."
Mr. Sanjay Sivanandan, President of RIB Asia Pacific & Middle East, stated that "We are delighted to have innovative clients such as Rezayat, that have the vision to recognize that the use of the RIB iTWO 5D Big Data integrated platform will greatly enable them to improve their productivity, reduce costs, time and risk and also improve profitability. This is yet another example of our growing strength in the EPC and Infrastructure market, and continues to reinforce our role as market leader in integrated Big Data platform solutions for construction."
About RIB Group
RIB Software AG is an innovator in construction industry. The company designs, develops, and offers iTWO technology for the construction industry worldwide. iTWO is the world's first Cloud-based Big Data BIM 5D enterprise solution for construction industry. Since its inception in 1961, RIB Software AG has been the pioneer in construction innovation, exploring and bringing in new technology, new thinking and new working method to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about 700 talents located in over 36 offices worldwide, RIB is serving 100,000 clients including construction contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector, etc.