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FINANCIAL NEWS
Saudi SASCO, Ultra Tune Australia sign JV deal
28 Feb 2012
(MENAFN) Saudi Automotive Services’ Co. (SASCO) managing director, Sultan M. Alhudaithi, said that the firm inked a joint venture deal with Ultra Tune Australia to offer first-class maintenance services for vehicles and passenger cars, reported Arab News.
Alhudaithi added that the agreement with Ultra Tune, which owns over 290 branches in Australia, would help train young Saudi students, who can become good car mechanics and operate their own maintenance facilities.
He also said that SASCO, the Kingdom’s largest petrol station operator, would take advantage from the technical know-how of Ultra Tune, which has significant experience in car maintenance industry.
Furthermore, SASCO would offer world-class services by establishing high-tech central workshops for car services, rest-houses and restaurants, and by modernizing the sale of fuel, supplies of auto spare parts and accessories.
It is worth noting that SASCO is the largest service provider in fuel station segment in terms of capital, moreover, it is one of the largest in terms of its network of gasoline centers in Saudi Arabia.
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