# Wolffkran and Zamil Group form joint venture for tower crane manufacturing in Saudi Arabia

Wolffkran Holding AG and Zamil Group Investment Company entered a joint venture agreement, with Zamil acquiring a 50% stake in Wolffkran for Equipment, and plans to establish a tower crane manufacturing facility in Saudi Arabia.

- Type: Partnership
- Announced: 2024-11-18
- Where: Saudi Arabia, Saudi Arabia
- Status: announced
- Products: tower cranes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Wolffkran](https://endata.com/companies/61106.md) (partner)
- [Zamil Group Investment Company](https://endata.com/companies/81329.md) (partner)

## Sources

- [wolffkran.com](https://www.wolffkran.com/website/en/gb/media-events/news/details?article_id=698), 2024-11-27: "This partnership paves the way for Wolffkran for Equipment to expand its operations by establishing a tower crane manufacturing facility in Saudi Arabia, marking the first-ever foundation for tower crane manufacturing in the Kingdom."
- [wolffkran.com](https://www.wolffkran.com/website/de/sa/media-events/news/details?article_id=698), 2024-11-27: "Wolffkran Holding AG and Zamil Group Investment Company have entered into a joint venture agreement, finalized on November 18, 2024."

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