On December 1, 2025, Leo Group and NMI, a major water company under Saudi Al Mousa Group, formally signed a joint venture framework agreement in Riyadh. According to the agreement, the two sides will jointly establish a joint venture manufacturing company, which is “the first systematic pump manufacturing base in Saudi Arabia.” Leo Group will provide a complete production line, core equipment, manufacturing technology and management system; NMI will be responsible for local sales and procurement, and provide standard-compliant plants and localized resource support to achieve complementary advantages.

On December 1, 2025, Leo Group and NMI, a major water company under Saudi Al Mousa Group, formally signed a joint venture framework agreement in Riyadh. According to the agreement, the two sides will jointly establish a joint venture manufacturing company, which is “the first systematic pump manufacturing base in Saudi Arabia.” Leo Group will provide a complete production line, core equipment, manufacturing technology and management system; NMI will be responsible for local sales and procurement, and provide standard-compliant plants and localized resource support to achieve complementary advantages.