The Weir Group and Olayan Saudi Holding Company have announced a joint venture to deliver mining technology solutions in Saudi Arabia.
Revealed at the Future Minerals Forum in Riyadh, this partnership strengthens the companies’ longstanding relationship.
Weir will leverage its expertise in sustainable mining technology and sales, while Olayan will apply its local market knowledge.
In the joint venture, Weir will manage sales, technical, and product aspects, and Olayan will focus on business development.
Weir CEO Jon Stanton stated, “Mining is vital to Saudi Arabia’s Vision 2030. Our venture aligns with supporting the nation’s mining sector using advanced technologies.”
He emphasized that merging Weir’s technical skills with Olayan’s local insights enhances customer service and regional growth.
Andrew Neilson, Weir’s minerals division president, noted their extensive business history in Saudi Arabia and strong local ties.
He sees the joint venture as a strategic move amid promising growth prospects in the Kingdom.
Salih Merghani, Olayan’s EVP for energy services, highlighted the venture’s role in boosting local content in the mining industry’s value chains.
He expressed confidence in delivering exceptional value by combining Weir’s expertise with Olayan’s local support network.