Joint venture with Arkan Integrated Development to satisfy customer demand Dubai, United Arab Emirates – Avanceon FZE, a wholly owned subsidiary of Avanceon Limited, is entering into a Joint Venture Agreement with Arkan Integrated Development LLC, a limited liability company incorporated in the country of Qatar. The resulting subsidiary company is called Avanceon LLC, Qatar, and is subject to approval of the Ministry of Economy and Commerce in Qatar as per the corporate rules and regulations of the Gulf State.

Creating a permanent operational presence in Qatar has increasingly become a business requirement in the fossil fuel-rich country, in order to continue to maintain a high level of service on existing projects but also many large tenders up for bid mandate this requirement. This latest joint venture increases Avanceon’s Middle East presence to four permanent offices alongside Dubai, Dammam and Jeddah, with key partnership agreements in place in Abu Dhabi with Ali & Sons and ATCO.

“We are delighted to announce this exciting expansion to our Middle East operations. Although borne out of necessity for future potential mega-project bidding purposes, we are now able to offer a full on-ground service to our existing work on projects across oil and gas, infrastructure and transport amongst many others. With the FIFA World Cup 2022 on the horizon there is still great opportunity in Qatar that we are well placed to reap the rewards from,” added Bakhtiar H Wain, Founder and CEO of Avanceon.

– 30 – About Avanceon Ltd. [PSX: AVN]

Avanceon is a global provider of sustainable smart solutions and support services for automation, control systems integration, proprietary energy management and plant information management systems. Ensuring customer satisfaction through quality project delivery and employing the latest technologies, including virtualization, the Select Certified Member of the Control System Integrators Association leads the way towards seamless execution of automation solutions. Avanceon is listed on the Hall of Fame of the Control Engineering Magazine’s System Integrator.

For more information visit: http://avanceon.qa