VERTIDRIVE BLASTS OFF IN SAUDI

HFI was delighted to meet Stefan van Diessen, Managing Director and Maarten van Geuns, Manager Sales and Marketing of VertiDrive in April as part of VertiDrive’s Technology Showcase Day in Saudi. VertiDrive, established in 2008, is an innovative company that designs safe, environmentally friendly and cost-effective robotic crawler solutions and is the world’s leading solution provider for surface preparation using ultra high-pressure water jetting (UHPWJ) or abrasives.

We have been pleased to support VertiDrive under our Saudi Arabia Ventures Initiative (SAVI) which focusses on advanced petroleum technology and energy transition technology ventures in Saudi Arabia, supporting clients to address key challenges including foreign ownership laws, local partner agreements, technology licences, manufacturing facilities contracts, corporate taxation, IKTVA and Saudization. Please see the SAVI eGuidebook - here.

We are privileged to work with our local law network partner Bader AlBusaiyes, FCIArb on these ventures, and 2024 marks 5 years of our collaboration arrangements.