EnerMech announces JV with Abdullah Fouad Group

Abdullah Fouad bought Shoabi Group's energy interests in October

Joint ventures, Merger, NEWS, Industry Trends

International mechanical services group, EnerMech, has announced that it has signed a joint venture agreement with Abdulla Fouad Group (AFG) to support the growth of its operations in Saudi Arabia.

This arrangement follows AFG’s acquisition of Shoabi Group’s oil and gas agencies, joint ventures and facilities which was announced in October.

Based in Al Khobar, EnerMech’s Saudi Arabian operation provides crane, hydraulics, valves, process, pipelines and umbilicals (PPU), lifting and inspection services, equipment rental and specialist training to the Saudi Arabian energy sector.

AFG will facilitate EnerMech’s Saudi Arabian operations and provide technical support and marketing services under the agreement.

“This agreement further strengthens our footprint in the oil and gas sector and we are delighted to collaborate with EnerMech and jointly develop the business in Saudi Arabia,” AFG CEO, Zahid Khawaja said.

“By leveraging our combined strengths and creating a common platform to pool our expertise, the venture is bound to be successful.”

EnerMech CEO, Doug Duguid, said: “We have been operating in Saudi Arabia for more than two years and our partnership with AFG is an important step forward in allowing us to utilise our full potential in this important energy region.”

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Oil & Gas Middle East - September 2020

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