AlSharif Group Holding (ASG), Saudi Arabia announced in a statement that, it has inked a new joint venture with Voltamp Energy, a leading transformers manufacturer to build and operate a transformers world-class manufacturing facility in the Kingdom of Saudi Arabia.
The agreement is part of Company’s vision in contributing to the Kingdom’s industrial development, vision 2030 and ASG’s diversification of its portfolio.
With aims to inaugurate the facility in late 2025, this investment will cater for the ever-growing demand of transformers in the Saudi market, enhance the local supply chain & content and support the kingdom’s industrial development program.
Al Sharif Nawaf Faiez Al Abdelhakim, CEO of ASG extend his sincerest thanks to H.H Sayyid Faisal bin Turki Al Saeed, the ambassador of Oman to Saudi, and H.H. Sayyid Aymen Al Busaidi, Voltamp Energy Chariman for their presence and unwavering support and commitment to this venture.
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