We are excited to announce the formation of the Nesma-Al Moayyed Unincorporated Joint Venture, a partnership that unites two leading industry players to deliver exceptional solutions in fit-outs, ducting, and MEP systems. The unincorporated (JV) agreement was signed on May 29, 2024, by Mr. Naif Alabeedi, Deputy CEO of NUI, and Mrs. Hala Almoayyed, Executive Director of Almoayyed Contracting Group.
This collaboration marks a significant milestone for both of our organizations as we join forces to excel in fit-out ducting and MEP systems. Together, we are committed to contributing to the Vision 2030 objectives and to combining resources effectively and delivering best-in-class solutions while adhering to the governance expectations of our shareholders.
Our partnership is built on a foundation of collaboration, with clearly defined roles and shared responsibilities. We believe that this strategic collaboration will not only foster innovation but also pursue shared objectives. A supervisory board, made up of representatives from both companies, will guide our operations and strategic decisions, ensuring that we stay aligned with our goals.
As we embark on this exciting journey together, we look forward to building a strong relationship that drives exceptional outcomes and contributes meaningfully to our industry. Here’s to a bright future ahead!