Red Wing Shoe Company and Tamimi Commercial commit to IKTVA
Red Wing Shoe Company and Tamimi Commercial announced during their 50th partnership anniversary a shared business vision to realize in-country workwear manufacturing. The two companies signed a joint memorandum of understanding (MoU) committing to the IKTVA program in an effort to achieve Saudi Arabia’s Vision 2030 initiative.
“We have a deep-rooted relationship with Tamimi Commercial that has only become stronger over the last five decades,” said Mark Urdahl, president and CEO of Red Wing Shoe Company. “This MoU demonstrates our continued pledge to not only deepen our partnership with Tamimi Commercial but also aid Saudi Arabia and its vision to foster future economic prosperity.”
“The strategic partnership during the last 50 years and the success we have reached today is a result of hard work,” said Fahad Al-Tamimi, chairman of Tamimi Commercial. “We have faced many changes, and the efforts from both partners have developed into a success story. Our aim is to work together to move this partnership to its next stage to be aligned with the Kingdom’s Vision 2030.”
Red Wing and Tamimi Commercial have launched a feasibility study to determine the best course of action for their in-country workwear manufacturing business venture.The companies are looking forward to the next 50 years and beyond of the close, cooperative partnership.
Tamimi Group was founded in 1953, and consists of over 40 Saudi companies. More than 18,000 employees work across the divisions of Tamimi Group.
The Red Wing Shoe Company, Inc. is a global leader in the design, production and distribution of work, safety and lifestyle footwear and work apparel. It was established in 1905 in Red Wing, Minnesota.