RSS and MI signs Oman joint venture

The JV contract agreement was signed by Mr. Milan Balac, Managing Director of RSS and Mr. Yasser Al-Barami, CEO of MI.

Mr. Al-Barami says that

"Mubadarah Investments (MI) has a wide local network which will benefit this partnership in terms of operations, marketing and logistics. We have a deep and thorough understanding of the local market in the areas of industrial, oil & gas, construction, manufacturing, hospitality, telecommunication and utilities. Furthermore, MI has an impeccable brand name which is synonymous to high standard of quality and service. Almost all engineering related company's in the sultanate recognize MI companies as the best provider of high quality engineering solutions. We are excited to be able to provide a high quality standard of rental power and temporary cooling to all industries in the sultanate of Oman."

A recent report from the Ministry of National Economy showed that the Sultanate plans to reduce the contribution of the oil sector to its gross domestic product (GDP) to 9% by 2020 from 41.5% in 2007. This would confirm that Oman will see significant expansion and diversification of its various industries in a span of 10 years.

Milan Balac mentioned that "Oman's economy and its future expansion plans are very promising. This opportunity has prompted RSS to form an agreement with MI. We believe there are significant synergy's between RSS and MI which will ultimately benefit the Omani market. RSS will provide the latest technical expertise in rental power & temporary cooling while MI's in-depth local knowledge of the market will ensure swift market penetration and sustainable growth in the sultanate."

Lee Cox, General Manager of RSS Southern Gulf says that "Oman will experience a new level of rental power and temporary cooling because of our exceptional customer service and efficient equipment. Our partnership with Mubadarah Investments (MI) will solidify our commitment in providing excellence in the industry of rental generator and temporary chillers."

Colin Cavé, General Manager of RSS Northern Gulf says that "RSS will continue its expansion not only in the GCC but in the existing local territories. Our existing territories in Saudi Arabia, Bahrain, United Arab Emirates and Qatar are rapidly expanding its operations to reach out to as many local companies as possible; simultaneously, RSS is also expanding its geographic locations to other countries such as Kuwait, Pakistan, Yemen and India."