Cummins seals deal to strengthen foothold in Saudi defence sector
RIYADH, November 1, 2023
Cummins Arabia, a pioneer in developing technologies to power future generations sustainably, has announced the signing of a Memorandum of Understanding (MoU) with Al Rasheed Co. to explore mutually beneficial business opportunities within the defence sector in the Kingdom of Saudi Arabia.
The firm is steadfast in its commitment to serve customers in the Saudi Arabian region, underlined by significant investments and a focus on localisation.
With a rich history and expertise in serving the defence segment, Cummins Arabia will bring innovative and reliable power solutions that cater to the unique demands of the sector. The partnership will amplify the potential to deliver unparalleled solutions and services to the Kingdom.
Ahmed Alghamdi, Country Leader of Cummins Arabia, said: "Our partnership with Al Rasheed Company opens new horizons for Cummins Arabia, significantly expanding our operations within the kingdom. This goes beyond a mere partnership; it reflects our unwavering commitment to investing locally and spearheading technologies that drive a sustainable future."
"The upcoming launch of our $2 million Dyno Test Cell facility in Dammam demonstrates this commitment," he stated.
"Every initiative and every investment we undertake is woven with the objectives of Vision 2030, ensuring our contributions are pivotal in supporting the country towards its ambitious and future-oriented plan,” he added.
Hadi Al Rasheed, General Manager of Al Rasheed Company, said: “The synergy between Al Rasheed Co. and Cummins Arabia heralds a new era in the defense sector of Saudi Arabia. Our partnership is a union of expertise and vision, ready to fortify a future that resonates with the innovative and transformative goals of Vision 2030."
"Together, we will play a crucial role in steering the Kingdom towards achieving its ambitious milestones, fostering a sustainable, diversified economy, and laying a robust foundation for the defense sector that will stand the test of time,” he added.
Olavo Fernandes, the Aftermarket & Engine Sales Leader for Cummins Arabia, said: "The signing of this MoU is a testament to the dedication and hard work of both companies. It's an exciting time for us, and we are confident that this partnership will yield significant benefits for both parties and the Kingdom as a whole."
This pivotal partnership comes on the cusp of the World Defence Show, scheduled in Riyadh in February 2024, where Cummins Arabia will spotlight its innovative engine and power generation solutions tailored for defence applications.-TradeArabia News Service