Industrial Design and Development (“IDD”), a KADDB Investment Group Affiliate has signed a Memorandum of Understanding (“MOU”) with Black Pearl Capital (“BPC”) during the Special Operations Exhibition and Conference (SOFEX 2014).
The MOU builds on the core strengths of both companies in the Oil & Gas equipment manufacturing and Defence Sectors. The objective is to build and develop a viable business using both parties’ complimentary skills and resources in the MENA region.
Mr. Waleed Rababa’a, the General Manager of IDD commented “We are very pleased to enter into this agreement with BPC, and look forward to a long-standing partnership.” IDD is an experienced organization in the field of design, manufacturing and supply of defence and military equipment, one of the leading innovative manufacturing companies in Jordan.
“It is a great pleasure for us to begin this co-operation with IDD. We see many points of technical and commercial collaboration that will enable both companies to increase their presence in the regional market” added Omar Khalifeh, General Manager of BPC Jordan. BPC owns an international manufacturing company – CEEM FZE – in the UAE, specializing in the manufacturing of hydraulic work-over units and other industrial equipment, which will be the initial focal point for collaboration.
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