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Aarvi Encon expands business in Middle East by incorporating new entity

16 Jan 2021 Evaluate

Aarvi Encon has expanded its business in Middle East by incorporating a new entity in the Sultanate of Oman under the name owned subsidiary Company i.e Aarvi Encon FZE located in the United Arab Emirates, to market and provide Aarvi’s services in the high growth Middle East market to provide manpower deputation and operation and maintenance services across Middle East. In the said joint venture arrangement, Aarvi Encon FZE would own 70 percent controlling stake and the local owner at Oman would own the balance 30 percent minority stake.

The partnership will enhance revenue generation on key role in increasing Aarvi’s market share in the Middle East by supplying additional manpower and identifying cross selling and up selling opportunities to deliver profitable growth for the company.

Aarvi Encon providing engineering and manpower outsourcing services in India and internationally.

 

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Company Name CMP
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SIS 334.85
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