CIS has signed a joint venture agreement with the family consortium AL ZAMIL for the creation of a company: CIS Saudi Arabia, in Saudi Arabia.
AL ZAMIL is an important Saudi Group that has major positions in financial, oil services, energy and construction sectors.
The joint venture is formed between CIS and ZOMCO, AL ZAMIL Group’s subsidiary, specializes in industrial services and in maintenance. The management of the company will be based in Al Khobar, in the Arabian Gulf.
This partnership will allow CIS to access the Saudi market and so opens up prospects of very large scale developments in the oil, mining and infrastructure industries.