PACC Offshore Services Holdings Ltd. (POSH) announced it has entered into a joint venture (JV) and incorporated POSH Saudi Company with Saudi Arabia's Hmood Al-Khalaf Group as part of its plans to expand its presence in the Middle East. POSH Saudi Company is majority owned by POSH. As part of the JV, both partners will leverage their respective strengths: POSH for its operational expertise, diverse fleet and strong track record in the offshore services industry, and Hmood Al-Khalaf Group for its extensive business networks in the Middle East and expertise in agriculture and transportation.