Voltamp Energy forms JV for manufacturing power transformers in Saudi Araiba

Voltamp Energy forms JV for manufacturing power transformers in Saudi Araiba

Muscat – Oman-based Voltamp Energy Company, the largest power and distribution transformer manufacturer in the GCC region, has signed a joint venture (JV) agreement with Saudi-based Al Sharif Holding Group to establish a new company for manufacturing high-voltage power transformers in Saudi Arabia. Voltamp Energy’s new JV plant in Saudi Arabia will be established with […]Muscat – Oman-based Voltamp Energy Company, the largest power and distribution transformer manufacturer in the GCC region, has signed a joint venture (JV) agreement with Saudi-based Al Sharif Holding Group to establish a new company for manufacturing high-voltage power transformers in Saudi Arabia.

Voltamp Energy’s new JV plant in Saudi Arabia will be established with an investment of RO9.5mn and will manufacture high-voltage 132kV class power transformers, according to a disclosure submitted to the Muscat Stock Exchange by Voltamp Energy on Monday.

Al Sharif Holding is a well-known Saudi group and a market leader in energy solutions with operations spreading all over the Middle East, Asia, Africa, and Europe.

Voltamp Energy said that the construction work for the transformer manufacturing facility began immediately after signing the joint venture agreement. Production is expected to begin at the beginning of 2026, the company added.

‘This is a strategic initiative aimed at