The Shoaibi Group and Rental Solutions & Services Inks Joint Venture Agreement for Saudi Arabia Operations
Kingdom of Saudi Arabia, The Shoaibi Group, a diverse group of companies based in Saudi Arabia and Rental Solutions & Services LLC (RSS), a global provider of rental power & cooling have recently signed a joint venture agreement to supply temporary cooling and power services within the Kingdom of Saudi Arabia.
Khalid Al Shoaibi, The Shoaibi Group Director, says that “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 says that “The Shoaibi Group has provided RSS KSA with superb facilities and infrastructure that will ensure we can make an immediate impact in The Kingdom of Saudi Arabia. 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, GM of RSS for Saudi Arabia says that “We can now provide excellent products and services within KSA. 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 & Yanbu.”
ABOUT THE SHOAIBI GROUP
Established more than 30 years, The Shoaibi Group has an established reputation for engineering excellence and reliability in the oil, gas, power, IT and telecommunications sectors where it draws on local and international resources to benefit both its partners and customers.
The Group achieves this aim through a network of joint venture companies, partnerships and agencies in association with international and domestic companies.
The Group headquarters are located in Al Khobar, with subsidiaries in Dammam, Riyadh, Jeddah and United Kingdom. Besides, the group operates through a number of associated companies network worldwide.
The Shoaibi Group is a founding member of the Gulf Capital, Gulf One Bank, Venture Capital Bank and Saudi United Cooperative Insurance Company.
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