February 21, 2020 – Multinational power management company, Eaton, and Saudi Arabian holding company, Abunayyan Holding, have formed a joint venture, Eaton Arabia, to make low and medium voltage switchgear in the Middle East. Eaton Arabia will have a 50-50 ownership split and Abunayyan will be responsible for consolidating bottom line results of the new partnership. The joint venture, which will be located in Dammam, Saudi Arabia and Dubai, UAE, will combine Abunayyan’s robust Saudi market presence with Eaton’s international scale to expand their capabilities in the region.
You also might be interested in
Key construction milestone crossed with delivery of 20 wind turbines[...]
Marking a new decade in 2020, the 75th Anniversary of[...]
October 21-22, 2020 About the Global AI Summit The Global[...]