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Abdul Latif Jameel, Sumitomo form Saudi heavy equipment JV

Saudi Arabia’s Abdul Latif Jameel Group (ALJG) and Sumitomo Corp have entered into a partnership deal to set up a joint venture to distribute Komatsu heavy equipment brands in the kingdom, Saudi Gazette has reported. The new JV, branded as Abdul Latif Jameel Heavy Equipment (ALJHE), will sell the “latest and most reliable” heavy equipment to meet Saudi Arabia’s growing demand for such equipment, ALJG said.