
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
Jahez Application continues to introduce new collabs as part of its strategic ap ...
Burgan Bank Participates in the 2nd “Partners to Hire” Employment Forum
Burgan Bank Launches SoftPOS Digital Payment Solution
Kuwait Credit Information Network Continues Its Mission to Advance Credit Litera ...
Brazil's Adoption of Electronic Air Waybill a Milestone for Modernization
IATA Launches Information Portal for Live Animal Regulations
The Family Office Launches Financial Goal in Kuwait to Help Investors Define and ...
IATA Launches FACE Ambassadors Program to Attract Next Generation of Air Cargo T ...
Burgan Bank Publishes Its Sixth Sustainability Report
Kuwait Airways and Ooredoo Kuwait Partner to Redefine In-Flight Entertainment wi ...
KIB promotes financial literacy at "FunFest" and showcases its product ...
City Hypermarket Named Kuwait's #1 Supermarket
Burgan Bank Wins the Visa “Best-in-Class Premium Active Cards Growth in Kuwait” ...
Aura Mobile Unveils Youth-Centric Plans with Exclusive Offers at “Derasati” Expo
Jahez Application recognized by customers for its Delivery App
CUPRA FIP Tour and FIP Promises, yet another record. Twelve tournaments in one w ...
IATA Aviation Day MENA to Focus on Collaboration, Innovation and Harmonization
Ooredoo Kuwait Sponsors “Derasti” Exhibition – the Largest Gathering of Public a ...
Ooredoo Kuwait Leads the Revival of Family Theater Glamour with "Zargoon a ...
Sita and nec collaborate to drive global adoption of digital identities in trav ...