Joint Venture17 Feb 2026, 03:10 pm
Bajel Projects Announces Joint Venture with Saudi Arabia's Al Sharif Contracting
AI Summary
Bajel Projects Limited, a leading player in the power transmission and infrastructure sector, has signed a Joint Venture (JV) agreement with Al Sharif Contracting and Commercial Development Company (ASC), a part of Al Sharif Group Holdings and one of the leading EPC contractors & manufacturers in Saudi Arabia. The partnership is aimed at participating in the significant infrastructure transformation currently underway in the Kingdom of Saudi Arabia, focusing on High Voltage and Extra High Voltage (EHV) Infrastructure, Overhead Transmission Lines, Substation Packages, and Underground Cabling Projects.
Key Highlights
- Bajel Projects and Al Sharif Contracting have formed a 50:50 Joint Venture Company (JVCo.) in Saudi Arabia.
- The JVCo. will undertake Engineering, Procurement, and Construction (EPC) business within Saudi Arabia, focusing on High Voltage and Extra High Voltage (EHV) Infrastructure.
- The partnership is strategically positioned to execute projects and be a partner for Saudi utility and infrastructure companies.
- Bajel Projects will contribute its technical strengths in EHV execution, while Al Sharif Group will provide deep regional expertise and market presence.
- The JVCo. will support Bajel Projects' strategic growth objectives and enable it to capture emerging business opportunities in the KSA region.