Mechanical engineering group EnerMech will invest up to £5million and create 40 jobs as part of an expansion programme in Saudi Arabia.
The Aberdeen-based firm has signed a joint-venture agreement with Shoaibi Group to form EnerMech Saudi Arabia (Esa) and will share office and warehousing facilities in Al Khobar.
EnerMech managing director Doug Duguid said: “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.”
EnerMech has previously completed a valve-management project and provided training services in Saudi Arabia.
Esa chairman Faisal al Shoaibi said: “We are extremely pleased to enter into this venture with EnerMech. Shoaibi Group’s growth is dependent on such partnerships and we are delighted to collaborate with EnerMech and jointly develop the business in Saudi Arabia. By leveraging our combined strengths and creating a common platform to pool our expertise, the venture is bound to be successful.”