RIB Software AG (RSTA) signs a Phase II Deal with Al Muhaidib Group in Saudi Arabia for its iTWO 5D Big Data Technology

October 31, 2014 - Corporate News

Dubai, U.A.E., 31 October 2014. RIB Software AG, the world’s leading construction 5D Big Data enterprise project delivery solution provider, has signed a Phase II Agreement with Al Muhaidib Group of Saudi Arabia to increase the use of iTWO Technology for their construction division Al Muhaidib Contracting (AMC). Under this agreement, AMC is expanding their use of the iTWO platform from pre-contract and tendering functionalities into post contract and multi-project execution with full integration to their ERP system, leveraging iTWO’s advanced project cost controlling and reporting capabilities where all project data is connected, analysed and reported in “real time” under one single source of truth.

Al Muhaidib Contracting Company is a leading name in the Kingdom of Saudi Arabia with a rich and very successful history in infrastructure projects such as hospitals, schools, housing, stadiums, and water/wastewater projects.

Mr. Sanjay Sivanandan, President of RIB Asia Pacific & Middle East, stated: “We are delighted to have innovative clients such as Al Muhaidib Group and Al Muhaidib Contracting, as technology partners that have the vision to recognize that the use of the RIB iTWO 5D Big Data platform will greatly enable them to improve their productivity, reduce costs, time and risk and also improve profitability. We are making a big step in supporting leading Middle East contractors to run their construction business in an integrated end-to-end platform and further integrated to their ERP systems. We are confident to continuously fulfil the expectations from our partners and to strengthen our market leader role in integrated 5D Big Data solutions for construction.”

Mr. Christopher Williams, Managing Director RIB Middle East, stated: “We are proud to be associated with a company that understands the benefits of iTWO and its 5D Big Data Technology, and has the vision to keep moving forward as this technology evolves. We consider Al Muhaidib Group and Al Muhaidib Contracting to be valuable Strategic Partners in this journey.”

About RIB

RIB Software SE is an innovator in construction business. Since its inception in 1961, RIB Software SE has been the pioneer in construction innovation, exploring and bringing in iTWO³ – new thinking, new work and new technology – to enhance construction productivity, and to transform the global construction industry into the most advanced and digitalized industry in the 21st century. RIB iTWO today is the world’s first Cloud / License based Big Data 5D BIM enterprise solution for construction, real-estate and industrial business.

RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about over 1,000 talents in over 30 offices worldwide, RIB is serving 100,000 users including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.

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