# Wolffkran and Zamil Group form JV for crane production in Saudi Arabia

Wolffkran entered into a joint venture with Zamil Group to open a WOLFF crane production facility in Saudi Arabia and build a rental fleet of 300 cranes. The facility will be the first tower crane manufacturing plant in the Middle East.

- Type: Partnership
- Announced: 2024-02-01
- Where: Saudi Arabia, Saudi Arabia
- Value: $270.0M (250.0M EUR)
- Status: announced
- Capacity: 150 luffing jib and trolley cranes per year
- Products: tower cranes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [news.goalfore.com](https://news.goalfore.com/detail/61783/wolffkran-zamil-group-signs-jv-for-crane-production-facility-in-saudi-arabia.html), 2024-03-12: "Saudi Arabia is currently experiencing a construction boom and we are proud to be pioneering this dynamic market with local tower crane production."
- [lectura.press](https://lectura.press/en/article/tower-crane-pioneers-in-the-middle-east-wolffkran-enters-into-joint-venture-in-saudi-arabia/63058), 2024-03-13: "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.