Shoaibi, RSS form rental power JV
Riyadh, October 19, 2008
The Shoaibi Group, a diverse group of companies based in Saudi Arabia, and Rental Solutions & Services LLC (RSS), a global provider of rental power and cooling, have signed a joint venture agreement to provide temporary cooling and power services in Saudi Arabia.
Khalid Al Shoaibi, The Shoaibi Group director, said: “The Shoaibi Group is committed to providing significant resources and in-depth local market knowledge in chosen industrial sectors to deliver competitive advantages to its partners and customers. The Shoaibi Group will be providing local market knowledge while RSS will contribute an already very successful business model and niche technical capabilities. There is a perfect synergy which will benefit Saudi Arabia’s industrial & commercial market.”
Mark Jenkins, Shoaibi Group director, mentioned that “Saudi Arabia’s increasing construction projects in all sectors will provide significant opportunities for this venture.”
Milan Balac, managing director of Rental Solutions & Services, said: “The Shoaibi Group has provided RSS KSA with superb facilities and infrastructure that will ensure we can make an immediate impact in the kingdom. Furthermore, The Shoaibi Group, being one of the most diversified groups in Saudi Arabia will open up several key markets for this new venture.”
Colin Cavé, general manager of RSS for Saudi Arabia, said: “We can now provide excellent products and services within Saudi Arabia. Not only can we offer the full range of rental cooling equipment, and generators, but we can further support our wide and diverse customer base due to The Shoaibi Group’s presence in major cities, which include Dammam, Jeddah, Al Khobar, Riyadh, Madinah, Makkah, Jubail and Yanbu.” – TradeArabia News Service