The initiative by Saipem follows the MoU signed and announced in September 2021, under Aramco’s Namaat Investment Industrial Programs
Saipem
Italy’s Saipem wins big in the Middle East, contracts awarded worth $1.25bn
Contracts awarded to Saipem include both onshore and offshore, in addition to four new EPCI contracts
Saipem sells onshore drilling business for $550mn to KCA Deutag
The Saipem-KCAD agreement will create a leading global onshore drilling business with over $1.6bn in revenue across core geographies in the Middle East and key markets in Europe and Latin America.
Saudi Aramco and Saipem sign MoU to form engineering and construction entity
The initiative was taken in the frame of the Saudi Aramco’s Nama’at Industrial Investment Program
Saipem and Saudi Aramco have signed a Memorandum of Understanding (MoU) aimed at exploring the possibility to establish a new entity in Saudi Arabia for the execution of engineering and construction activities in the industrial sector. The initiative was taken in the frame of the Saudi Aramco’s Nama’at Industrial Investment Program, focused on capacity building […]