SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Business, Banking, Investment, Insurance(Banking & Investments)
Filter PR by
  
Cummins Arabia Signs MoU with Al Rasheed Co., Strengthening Its Foothold in Saudi Arabia's Defense Sector
 
Cummins Arabia Signs MoU with Al Rasheed Co., Strengthening Its Foothold in Saudi Arabia's Defense Sector

November 02, 2023 — Cummins Arabia announced the signing of a Memorandum of Understanding (MoU) with Al Rasheed Co. to explore mutually beneficial business opportunities within the defense sector in the Kingdom of Saudi Arabia.


With a rich history and expertise in serving the defense 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 at Cummins Saudi Arabia, expressed, “Our partnership with Al Rasheed Co. 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 USD 2 million Dyno Test Cell facility in Dammam demonstrates this commitment. 
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.”


Cummins Arabia, a pioneer in developing technologies to power future generations sustainably, is steadfast in its commitment to serve customers in the Saudi Arabian region, underlined by significant investments and a focus on localization. 


Hadi Al Rasheed, General Manager of Al Rasheed Co., stated, “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.”


Olavo Fernandes, the Aftermarket & Engine Sales Leader for Cummins Arabia, added, '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 Defense Show, scheduled in Riyadh in February 2024, where Cummins Arabia will spotlight its innovative engine and power generation solutions tailored for defense applications.

 


Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 60512 times
PR Category : Banking & Investments
Posted on : Thursday, November 2, 2023  5:03:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of SaudiArabiaPR.com.
Previous Story : LG Announces Third-Quarter 2023 Financial Results
Next Story : The Saudi Investment Bank Signs an Official Partnership Agre...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Slay the sun-kissed girl makeup look: Your Ultimate Guide [35557-Views]
Catrice Cosmetics Introduces the Clean Girl Makeup Look with New Essentials! [34073-Views]
Hysek reveals iconic timepieces at Watches & Wonders 2024 [33970-Views]
Ogilvy Appoints Antonis Kocheilas Global Chief Transformation Officer [25442-Views]
Catrice Unveils the Spring/Summer 2024 Collection: Introducing Shine Bomb Lip Lacquer! [24267-Views]
POCO Sets New Standard with Global Launch of F-Series in Dubai [19874-Views]
Unleash Your Inner Royalty with "Call me Queen" Dramatic False Lash Effect Mascara by esse... [19873-Views]
Ground Handling Priorities: Safety, Global Standards and Sustainability [18777-Views]
UAE Ministry of Finance Participated in 2024 IsDB Group Annual Meetings [17793-Views]
Panasonic Announces FY24 Business Strategy For Sustained Growth in Middle East and Africa [16222-Views]
Packed crowds flock to Friday's races at the AlUla Camel Cup 2024 [14867-Views]
Geopolitical stability, inclusive growth, energy security under spotlight in Riyadh at World Economi... [14527-Views]
WFP News Video: WFP Warns Unprecedented Drought and Floods Causing Surge in Climate Related Hunger [14251-Views]
UAE Ministry of Finance Meets with Government Expenditure and Projects Efficiency Authority of Saudi... [14158-Views]
WEF Special Meeting concludes in Riyadh with world leaders calling for clear, irreversible path to p... [13867-Views]
Air Cargo Demand Continues Strong Growth into Q2 [13371-Views]
HMH Achieves Impressive Expansion in KSA, Adding Over 1,000 Rooms [13330-Views]
Hunger Hotspots Report: Famine Looms In Gaza While Risk Of Starvation Persists In Sudan, Haiti, Mali... [12940-Views]
Your Dream Wedding Awaits at The Hotel Galleria Jeddah, Curio Collection by Hilton this May [12918-Views]
Al Masaood Bergum Showcases Innovative Modular Solutions at Saudi Giga Projects 2024 & MENA Construc... [12870-Views]
 
RSS Facebook Twitter LinkedDin SaudiArabiaPR.com on Instagram
 
Top Sections
 
Top Stories