# Wolffkran and Zamil Group JV to build crane manufacturing facility in Riyadh

Wolffkran entered a joint venture with Zamil Group to develop a WOLFF crane manufacturing facility in Riyadh, Saudi Arabia, and build a rental fleet of 300 cranes. The JV plans to invest about SR1 billion ($270 million) and produce approximately 150 cranes annually.

- Type: New facility
- Announced: 2024-03-06
- Where: Riyadh, Saudi Arabia, Saudi Arabia
- Value: $270.0M
- Status: announced
- Capacity: 150 cranes per year
- Products: luffing jib and trolley cranes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Zamil Group Holding Company](https://endata.com/companies/25167.md) (partner)
- [Wolffkran](https://endata.com/companies/61106.md) (partner)

## Sources

- [worldconstructionnetwork.com](https://www.worldconstructionnetwork.com/news/wolffkran-jv-crane-facility/), 2024-03-06: "Saudi Arabia is currently experiencing a construction boom and we are proud to be pioneering this dynamic market with local tower crane production."

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