# GAS and Tubefit Engineers form joint venture to make valves in Saudi Arabia

Saudi Arabian Gas Arabian Services Company (GAS) signed an agreement with India's Tubefit Engineers to set up Tubefit Arabia Factory, a valve and instrumentation fittings joint venture in Saudi Arabia. Tubefit Engineers will hold 53% and GAS 47%, with an investment of $1.33 million.

- Type: Acquisition
- Announced: 2023-08-25
- Where: Saudi Arabia
- Value: $1.33M
- Status: announced
- Products: industrial valves, instrumentation fittings, tube fittings
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Gas Arabian Services](https://endata.com/companies/9051.md) (partner)
- [Tubefit Engineers](https://endata.com/companies/10935.md) (partner)

## Sources

- [industrialvalvenews.com](https://www.industrialvalvenews.com/featured/gas-ties-up-with-tubefit-engineers-to-set-up-valve-production-jv/), 2023-08-25: "The new company, Tubefit Arabia Factory, will be set up at an investment of $1.33 million in Saudi Arabia."

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