Saudi Aramco has signed a number of new agreements, plus a joint venture, with prominent global firms in industries such as sustainability, technology, industrial, and energy services as part of its diversification strategy.
“Aramco targets value creation opportunities in sustainability, technology, industrial and energy services, and advanced materials. The programme aims to drive economic growth and diversification in Saudi Arabia,” the company said in a statement.
“The programme aims to drive economic growth and diversification in Saudi Arabia”
The statement said that the agreements take in MoUs with SOLVAY, DHL, Veolia, Air Liquide, Haliburton, PIF, Baker Hughes, Linde, Schlumberger, AIC Steel, GSW, McDermott, Seyang, Sendan, NARMEL, Samsung Engineering, Hyundai, Saipem, Elion, Green Groves, Gulf Modular Industry, Armorock, Shell AMG Recycling & United Company, AVEVA and Baosteel .
“As a result of Aramco’s continuous support of the industrial ecosystem, a Joint venture agreement between SeAH and Dussur to localize stainless steel seamless tube and pipe manufacturing has materialized,” the statement said.