Eaton and Abunayyan Holding form JV in Middle East

ME stock adoPower management company Eaton and Abunayyan Holding have formed a joint venture (JV) to produce and service low- and medium-voltage switchgear in the Middle East

The JV will do business as Eaton Arabia and will have locations in Dammam, Saudi Arabia and Dubai, the UAE.

Tim Darkes, president, Europe, the Middle East and Africa (MENA) region, corporate and electrical sector, Eaton, said that Abunayyan’s strong presence in Saudi Arabia, combined with Eaton’s global scale and access to the broader Middle East will strengthen the offerings to customers in the region.

Abunayyan and Eaton will each own 50 per cent of the JV and Abunayyan will consolidate joint venture results.

Abunayyan Holding, through its subsidiaries, engages in trading, manufacturing, servicing, and investing in water, oil, gas, and power markets in Saudi Arabia and the Gulf countries.

Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic and mechanical power – more safely, more efficiently, and more reliably.

Eaton’s 2019 revenues were US$21.4bn, and we sell products to customers in more than 175 countries.

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