This new partnership, officially unveiled during the Future Minerals Forum in Riyadh on Thursday 16 January 2025, marks a significant milestone in the longstanding relationship between the two companies.

The Weir Group PLC and Olayan Saudi Holding Company are pleased to announce they have agreed to form a new joint venture to provide mining technology solutions in Saudi Arabia. This new partnership, officially unveiled during the Future Minerals Forum in Riyadh on Thursday 16 January 2025, marks a significant milestone in the longstanding relationship between the two companies.

This joint venture will leverage the combined strengths of both organisations to serve the rapidly expanding mining market in Saudi Arabia. Weir will bring its extensive expertise in sales and sustainable mining technology solutions, while Olayan Saudi Holding Company will contribute its robust knowledge of Saudi business and deep localisation experience to the endeavour. Both partners possess a thorough understanding of each other’s operational frameworks and organisational structures, setting the stage for a seamless and effective collaboration.

Under the terms of the joint venture, Weir will take the lead on sales, technical, and product responsibilities, while Olayan Saudi Holding Company will focus on new business development, capitalising on its strong presence and knowledge of the regional market.

The announcement will be made during the Future Minerals Forum on Thursday 16 January, where key representatives from both Weir and Olayan Saudi Holding Company will be available to discuss the joint venture in more detail.

About Olayan Saudi Holding Company

Olayan Saudi Holding Company’s journey began in 1947 when Suliman S. Olayan established the first of many companies that now comprise the group. This Saudi-based diversified business operates across the MENA region, with commercial and industrial activities spanning a portfolio of more than 25 companies in the  energy, ICT, health and personal care, F&B, and restaurant sectors. 

As a partner of choice for over 75 years and an employer of more than 14,000 professionals, Olayan Saudi Holding Company has played a pivotal role in the development of the Saudi market. The company has introduced major international brands, supported manufacturing industries, and invested in local businesses, all while remaining committed to responsible and sustainable practices that foster environmental and social impact.