Dominovas Energy, Al-Rushaid Technologies enter strategic alliance

Dominovas Energy Corp. has signed a memorandum of understanding with Al-Rushaid Technologies to pursue common business interests, strategies and approaches for establishing a profitable working relationship that will allow for the execution of various endeavors concerning their collective business mandates.

As a strategic business partner, Al-Rushaid Technologies will collaborate with Dominovas Energy to identify key relationships, projects and secure business contracts for Dominovas Energy in Saudi Arabia, the United Arab Emirates and other regional countries.

Prospective opportunities initially identified by the companies to develop include power companies, oil companies and vehicle financing.

The relationship recognizes that Al-Rushaid Technologies has business interests in electrical power generation, optimization and energy-conservation technologies that have strategic relevance and immediate applications in Saudi Arabia and throughout the Arabian Gulf region. Al-Rushaid Technologies will provide logistical support to Dominovas Energy from its Dhahran office, and will include business development operations, marketing and logistics.