In May 1990, Al Masaood Oil & Gas engaged into a 51-49% Joint-Venture agreement with Furmanite Corporation. A new registered company was then established under the name of Furmanite UAE Limited, in order to serve UAE and Oman territories.
In January 2000, Al Masaood sealed an acquisition deal of Furmanite’s shares becoming a 100% ownership holder for the subsidiary.
Founded in 1920 and headquartered in Houston (Texas, USA), Furmanite is the worldwide leader in comprehensive on-site/on-line plant and pipeline maintenance. The company specializes in engineering services and related products supply to meet plant start-up and operations maintenance challenges through cost-effective on-line applications eliminating unscheduled shutdowns for all kind of process industries.