Leo Group and Al Mousa Group signed a joint venture agreement to promote the localization manufacturing of pumps industry.

On December 1, 2025, Leoy Group and the Saudi Al Mousa Group's large water company NMI officially signed a joint venture framework agreement in Riyadh. According to the agreement, the two parties will jointly establish a joint manufacturing company, which is the "first systematic pump manufacturing base in Saudi Arabia". Leoy Group will provide complete production lines, core equipment, manufacturing technology, and management systems; NMI will be responsible for local sales and procurement, and provide standardized factories and local resource support, achieving complementary advantages.