Seville, October 8, 2024 – Ghenova, a multinational engineering firm with over 40 years of expertise, has officially ratified its strategic partnership with AlSuwaiket Group through the definitive incorporation of their joint venture company. This agreement aims to strengthen collaboration between the two companies and enhance Ghenova’s presence in the expanding Arab market. The formalization of the agreement took place at Ghenova’s headquarters in Seville, with the signing ceremony attended by Ghenova CEO Francisco Cuervas and Khalid AlSuwaiket, Executive Director of AlSuwaiket Group. This milestone follows several months of collaboration, which began with a framework agreement signed earlier this year during the World Defense Show in Riyadh. The alliance will enable Ghenova to participate in a variety of upcoming projects across sectors such as naval and defense, energy, oil and gas, and digital services, as well as fostering the exchange of expertise, knowledge, and resources. “We are excited to partner with AlSuwaiket Group, as we believe this collaboration will unlock significant opportunities for both companies,” said Francisco Cuervas, CEO of Ghenova. “By combining our extensive experience in key sectors with AlSuwaiket’s deep understanding of the local market, we are well-positioned to offer innovative, customer-centric solutions.” Khalid AlSuwaiket emphasized the importance of the agreement in AlSuwaiket’s broader expansion strategy. “This partnership is a pivotal step toward achieving our shared goals, and we are committed to working together to drive excellence and operational efficiency in our joint initiatives,” he stated. This strategic alliance marks a significant development in both companies’ ambitions within the Saudi market and underscores their mutual commitment to fostering long-term success.