# Voltamp Energy and Al Sharif Holding form JV for transformer plant in Saudi Arabia

Voltamp Energy signed a JV with Al Sharif Holding Group to build a high-voltage power transformer plant in Saudi Arabia with an investment of RO9.5 million. Production is expected to begin in early 2026.

- Type: Partnership
- Announced: 2024-02-19
- Where: Saudi Arabia, Saudi Arabia
- Value: $24.6M (9.50M OMR)
- Status: under construction
- Products: high-voltage 132kV class power transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Voltamp Energy](https://endata.com/companies/15318.md)
- [Al Sharif Group](https://endata.com/companies/8079.md) (partner)

## Sources

- [muscatdaily.com](https://www.muscatdaily.com/2024/02/19/voltamp-energy-forms-jv-for-manufacturing-power-transformers-in-saudi-araiba/), 2024-02-19: "This is a strategic initiative aimed at expanding and strengthening the base of commercial operations, which will lead to the opening of a wide range of benefits for the group and achieving business growth and sustainability."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.