Rhino Signs MoU in the Kingdom of Saudi Arabia – August 2019
Managing Director Mr AbdulAziz Al Mousa from Modern Techno Metal Factory signing the Memorandum of Understanding with Rhino Doors MD, Stuart Lawrence
Rhino are pleased to announce the signing of a Memorandum of Understanding with Modern Techno Metal Factory (MTMF) who are based in Dammam, Kingdom of Saudi Arabia. As previously announced in April 2019, this agreement is a further, significant step towards securing a strategic position for Rhino’s broad range of products in the region.
MTMF will exclusively represent Rhino not only in the Kingdom of Saudi Arabia (KSA) but also in the United Arab Emirates, Bahrain, Kuwait, Iraq and Egypt, initially as sales agents. The companies have also agreed to pursue the creation of a joint venture manufacturing facility in Saudi Arabia that will permit local manufacture and after sales support of Rhino’s entire product range.
Specifically, MTMF will focus on Rhino’s expanding range of large, bespoke doors, incorporating acoustic, fire, Pressure, blast and ballistic protection as well as Rhino’s range of blast wall systems and explosion relief panels for the oil & gas industry. Target market sectors include major infrastructure projects (including rail & metro) as well as security services, defence and petrochemical projects that utilise Rhino’s expertise providing bespoke oversized and blast rated doors as well as Rhino’s patented arch profile blast wall solutions that is used predominantly in the oil & gas industry.
Commenting on the MoU, Managing Director, Stuart Lawrence said “We are delighted to announce this new agreement to appoint MTMF as our exclusive agents in KSA, together with the expanded geographical representation in the local area. In particular, we are very pleased to have developed a relationship with a partner that shares our vision for growth in the region, recognises the value of our British engineered products and is prepared to invest with us in the creation of a local manufacturing facility.
Mr AbdulAziz Al Mousa, Managing Director of MTMF stated, “We are pleased to announce our partnership with Rhino Doors, a lead British company in the doors industry. In Collaboration with Rhino doors, we will be able to localize a highly specialized technology in Saudi Arabia. This agreement is fully aligned with 2030 vision, indorsing the development of local contents, opening more jobs opportunities and helping drive a thriving society”.