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Air Products strengthens Mideast presence with new jv in Saudi Arabia

11:37 AM MDT | October 17, 2012 | Natasha Alperowicz

Air Products and The Arabian Company for Power and Water Development (ACWA Holding; Riyadh, Saudi Arabia) today announced the signing of an agreement to form a joint venture company, ACWA Air Products Arabia (Al Khobar; Saudi Arabia), which will focus on large-scale industrial gas opportunities within Saudi Arabia.   The new company, ACWA Air Products Arabia, complements Air Products' 25% stake in Abdullah Hashim Industrial Gases & Equipment, a company of the privately owned Abdullah Hashim Group, based in Saudi Arabia. Air Products already operates a...

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