Muscat – Oman-based Voltamp Energy Company, the largest power and distribution transformer manufacturer in the GCC region, has signed a joint venture (JV) agreement with Saudi-based Al Sharif Holding Group to establish a new company for manufacturing high-voltage power transformers in Saudi Arabia.

Voltamp Energy’s new JV plant in Saudi Arabia will be established with an investment of RO9.5mn and will manufacture high-voltage 132kV class power transformers, according to a disclosure submitted to the Muscat Stock Exchange by Voltamp Energy on Monday.

Al Sharif Holding is a well-known Saudi group and a market leader in energy solutions with operations spreading all over the Middle East, Asia, Africa, and Europe.

Voltamp Energy said that the construction work for the transformer manufacturing facility began immediately after signing the joint venture agreement. Production is expected to begin at the beginning of 2026, the company added.

‘This is a strategic initiative aimed at expanding and strengthening the base of commercial operations, which will lead to the opening of a wide range of benefits for the group and achieving business growth and sustainability,’ Voltamp Energy said.

‘Any developments or other information about this project will be disclosed in the future,’ the company added.

In another disclosure on Monday, Voltamp Energy also announced that it has completed the successful qualification of power transformers with Dubai Electricity and Water Authority (DEWA) for the power transformers up to 132kV.

‘The qualification process [for DEWA] represents a milestone in the demand for Voltamp’s distinguished products in manufacturing transformers and various technical products and opens a large business potential to cater to the ever-growing demand for electricity in the region,’ the company added.

Voltamp Energy is a prominent Omani company operating in the power sector, specialising in the manufacturing of power transmission and distribution products.

With a strong commitment to sustainability and a net-zero vision, Voltamp Energy is at the forefront of the energy transition, striving to provide reliable and efficient power solutions to the GCC region and beyond. The company has gained recognition for being the largest power transformer manufacturer in the GCC, capable of manufacturing transformers up to 400kV, 500VA ratings locally in Oman.