EnerMech, Shoaibi form mechanical services solution JV in Saudi Arabia

EnerMech, Shoaibi form mechanical services solution JV in Saudi Arabia

9:30 AM, 16th August 2012
EnerMech, Shoaibi form mechanical services solution JV in Saudi Arabia

ABERDEEN, SCOTLAND: International mechanical engineering group, EnerMech, has signed a joint venture agreement with Saudi based Shoaibi Group to form EnerMech Saudi Arabia Limited. The joint venture will provided crane, hydraulics, valves, process, pipelines and umbilicals (PPU), lifting and inspection services, equipment rental and specialist training to the Saudi Arabian energy sector.

Shoaibi Group will facilitate EnerMech SA Ltd’s operations and provide essential marketing and technical support services under the agreement. This new joint venture will further enhance Shoaibi Group’s vast energy services portfolio which caters to most segments of the oil, gas and petrochemical industries in Saudi Arabia.

“Building a strong presence in Saudi Arabia has always been our ambition and this partnership with Shoaibi Group is an excellent platform which allows us to do this. We have existing bases in Dubai, Abu Dhabi and Qatar and this joint venture is a natural progression in growing our business in the Middle East,” said Doug Duguid, Managing Director, EnerMech.

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