
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.
Home >> Business and Economy Section
Tadej Pogačar claims UAE Team Emirates-XRG's 60th win of season at Tour de ...
Why Catrice's Blushin' Charm is the One Thing You Need as Your Travel Essential
Hilton Signs First Tapestry Collection by Hilton in Saudi Arabia with Al Musbah ...
SADAFCO Publishes 2024 Sustainability Report, "Empowering Sustainable Chang ...
Big Wins Continue with PrivilegePLUS at Mercato & Town Centre Jumeirah!
Discover the Flavours of the Ottoman Empire with Address Hotel Jabal Omar Makkah
Emirates A350 debuts in Dammam
Tadej Pogačar sprints to second in thrilling stage 2 at the Tour de France
IATA Comments on Misguided Solidarity Levy Proposal
Mercato Wows Visitors with Circus Spectacles, Iconic Slide, and Weekly Cash Priz ...
To Increase Capacity and Strengthen Supply Chains Minister Al-Jasser Lays Found ...
Aster Sanad Hospital Supports Saudi Talent at PSCEMS Career Day
G-SHOCK's Summer Style Statement: Metal-Cased Watches That Define the Season
UAE Team Emirates-XRG and Tadej Pogačar aim for fourth Tour de France title
Passenger Growth Hits 5% in May
João Almeida: Racing for Glory and Riding for the Team
May Air Cargo Demand Up 2.2% Despite Trade Disruptions
UAE Team Emirates-XRG take home five National Championship victories
Jeddah e-prix double-header becomes most-watched formula e weekend in history, d ...
In the Presence of H.E. Al-Jasser … Mawani Signs Privatization Contracts for Mu ...