EnerMech has launched a joint venture with the Khudairi Group in Iraq to target both the re-emerging oil and gas and large infrastructure sectors. The JV, with one of the country’s longest established family-owned groups, is expected to generate USD 20M-plus turnover within a short period.
The downstream energy and infrastructure rejuvenation along with new investment in capital projects makes Iraq a key target market for the international engineering services specialist, which plans to roll out all of its services and to invest in new equipment in both Basra and Erbil.
EnerMech’s Middle East General Manager, Chris Barker will lead the new enterprise, reporting to John Guy, regional director for EnerMech Middle East, Asia and Caspian, and Mohammed Khudairi, Director for the Khudairi Group.
The Khudairi Group has a 100-year long business experience and is owned by one of Iraq’s most prominent commercial families. Their expertise in engineering, procurement and construction, pipeline and piping systems and electrical & instrumentation dovetails with EnerMech’s main business lines.
