Forms JV to manufacture, sell and service its products in Saudi Arabia
Pentair, a water, fluid, thermal management and equipment protection company with manufacturing and office facilities in the Middle East, including Saudi Arabia, has announced the signing of a Memorandum of Understanding (MOU) with the Ali Abdullah Al Tamimi Company to form a joint venture to further establish its local presence to manufacture, sell and service Pentair’s products in Saudi Arabia. The MOU was announced at the US-Saudi Business Opportunities Forum in Los Angeles, California, Pentair revealed.
“Pentair is excited by the opportunity to work with Ali Abdullah Al Tamimi Company in the largest energy market in the Middle East region,” said Ramesh Nuggihalli, Vice President and Managing Director for Pentair in the Middle East. “We are committed to local manufacturing in this region, which not only creates jobs and economic benefits, but also offers greater efficiencies for customers and opportunities for collaboration.”
Sulaiman Alrumaih, Vice President of Power and Industrial for the Ali Abdullah Al Tamimi Company, added: “We are pleased to be further extending our relationships with Pentair. Our combined strength will help serve the growing needs of the energy and water sectors. Pentair’s proven operating processes are an excellent foundation to accelerate a strong manufacturing base in the Kingdom.”