Nesma & Partners completes acquisition of Al Yusr Industrial Contracting

user icon
NOHA.GAD
calender icon
Jul 16, 2025
article image

Riyadh - Sharikat Mubasher: Nesma & Partners Company, a leading provider of integrated project solutions in Saudi Arabia, completed the acquisition of Al Yusr Industrial Contracting Company (AYTB), in a bid to enhance its capabilities across the energy, infrastructure, and industrial sectors, aligning with Vision 2030.

This acquisition will enhance both companies’ capacity to offer high-value project solutions, including consulting, engineering, construction, commissioning, operations, maintenance, and upgrades, Nesma & Partners revealed in a recent statement.

AYTB will operate as an independent company within the Nesma & Partners group, maintaining its organizational structure. As part of this transition, Cristiano Tortelli has been appointed as Chief Executive Officer of AYTB, bringing more than 30 years of global experience in energy and industrial services to support AYTB’s next phase of growth.

Commenting on this milestone, Tortelli said: “Together with the leadership team and the skilled workforce across AYTB, we will strengthen what has already been built, grow with confidence, and deliver sustainable value to our clients and stakeholders.”

for his part, Samer Abdul Samad, Chief Executive Officer of Nesma & Partners and newly appointed Chairman of AYTB, stated: “We are proud to welcome AYTB into the Nesma & Partners family. AYTB has built a remarkable legacy of performance, particularly in Operations & Maintenance and Plant Industrial Services. This partnership is based on mutual respect, complementary strengths, and a shared commitment to operational excellence.”

AYTB is a leading multi-disciplinary industrial contracting company providing comprehensive services and solutions to oil & gas, petrochemical, power generation, and other major industrial sectors of Saudi Arabia.


Share

Related News

Saudi fintech lending to industrial sector surges 36% in 2025
News
Calendar Icon
April 2, 2026
Saudi fintech lending to industrial sector surges 36% in 2025
Read More
Zetta Technologies, Riyadh Dynamics sign SAR 1.5 Bn deal to advance automation
News
Calendar Icon
April 2, 2026
Zetta Technologies, Riyadh Dynamics sign SAR 1.5 Bn deal to advance automation
Read More
Farid Academy receives Egypt’s official ‘Startup Label’
News
Calendar Icon
April 2, 2026
Farid Academy receives Egypt’s official ‘Startup Label’
Read More
Sharjah Innovation Park unveils AI Hub to accelerate AI adoption
News
Calendar Icon
April 1, 2026
Sharjah Innovation Park unveils AI Hub to accelerate AI adoption
Read More
Cenomi Centers partners with Saudi Downtown on Al Khobar Retail Complex
News
Calendar Icon
April 1, 2026
Cenomi Centers partners with Saudi Downtown on Al Khobar Retail Complex
Read More
Reality Venture launches targeting Saudi real estate innovation
News
Calendar Icon
April 1, 2026
Reality Venture launches targeting Saudi real estate innovation
Read More
Hail ranks 33rd worldwide in IMD Smart City Index 2026
News
Calendar Icon
March 31, 2026
Hail ranks 33rd worldwide in IMD Smart City Index 2026
Read More
Saudi FDI net inflows soar by 90% in Q4-25
News
Calendar Icon
March 31, 2026
Saudi FDI net inflows soar by 90% in Q4-25
Read More
TGA launches new self-driving vehicle route in Riyadh
News
Calendar Icon
March 31, 2026
TGA launches new self-driving vehicle route in Riyadh
Read More
Women in Tech Accelerator opens applications for 2026 program
News
Calendar Icon
March 31, 2026
Women in Tech Accelerator opens applications for 2026 program
Read More