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Investment News in Saudi Arabia

Saudi Arabia Hopes to Lure over $425B in Investments
1/29/2019 - Saudi Arabia launched an ambitious programme which it hopes will attract $427 billion in investments in the industrial and logistics sectors, as the Opec group leader bids to reduce dependence on oil....
Aramco Signs About $85B Investment Agreements in 2018
Aramco Signs About $85B Investment Agreements in 2018 12/27/2018 - In March 2018, Saudi Aramco participated in the Saudi-U.S. CEO Forum held in New York to promote bilateral business and cooperation between the two countries. During this forum, Aramco discussed $10B ...
BHGE Recognized for Localization Efforts in Saudi Arabia
BHGE Recognized for Localization Efforts in Saudi Arabia 11/26/2018 - Baker Hughes, a GE company received recognition for its localization efforts and announced a series of agreements at Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) Forum. The agreements are in line...
Saudi Aramco Signs Deals Worth $27.5 Billion with Suppliers
Saudi Aramco Signs Deals Worth $27.5 Billion with Suppliers 11/26/2018 - Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and international energy-sector service and equipment suppliers, m...
Saudi Aramco & ADNOC Sign Framework Agreement
Saudi Aramco & ADNOC Sign Framework Agreement 11/12/2018 - Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) signed a framework agreement to explore opportunities for collaboration in the Natural Gas and Liquefied Natural Gas (LNG) sector.

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Aramco Signs 15 MOUs at the FII Forum Worth $34B
Aramco Signs 15 MOUs at the FII Forum Worth $34B 10/23/2018 - At the highly impactful Future Investment Initiative (FII) forum in Riyadh, Saudi Aramco signed 15 Memoranda of Understanding (MoUs) and strategic and commercial collaborations valued at more than US...
Saudi Aramco to Spend over $133b on Drilling over Next Decade
9/17/2018 - State oil giant Saudi Aramco will spend more than 500 billion riyals ($133 billion) on oil and gas drilling over the next decade, a senior company executive said on Monday. ...
Aramco’s Planned $100B IPO On Hold
8/29/2018 - The king spoke, and a $2-trillion dream went up in smoke. ...
Lamprell Provides Update on Saudi Strategy
6/18/2018 - Lamprell announces an update on its strategy in Saudia Arabia and the development of its local presence in the Kingdom. Lamprell's investment into Saudi Arabia is core to the Group's growth strategy w...
Aramco Signs $12B Commercial Cooperation with French Companies
Aramco Signs $12B Commercial Cooperation with French Companies 4/10/2018 - Saudi Aramco participated in the Saudi-France CEO Forum held in Paris to promote bilateral business and cooperation between the two countries. The Forum was scheduled to coincide with the official vis...
Saudi Aramco Announces $10B Partnerships with 14 American Companies
3/27/2018 - Saudi Aramco participated in the Saudi-U.S. CEO Forum held in New York to promote bilateral business and cooperation between the two countries. The Forum was scheduled to coincide with the official vi...
Aramco Participates in UK-Saudi CEO Forum and Signs MoUs and Commercial Agreements
Aramco Participates in UK-Saudi CEO Forum and Signs MoUs and Commercial Agreements 3/8/2018 - Saudi Aramco participated in the UK-Saudi CEO Forum held in London to promote bi-lateral business and cooperation between the two countries. The forum was scheduled to coincide with the official visit...
SNC-Lavalin and Aramco Sign MoU Supporting In-country Opportunities
12/13/2017 - SNC-Lavalin and Saudi Aramco signed a Memorandum of Understanding (“MoU”) signalling SNC-Lavalin’s continued commitment to creating and accelerating opportunities for local workforces in the Kingdom o...
Wood and Saudi Aramco Sign MoU Supporting In-country Opportunities
11/29/2017 - Wood has entered into a Memorandum of Understanding (MoU) with Saudi Aramco, signalling its continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi...
Saudi Aramco Signs US$4.5B Agreements for Oil and Gas Megaprojects
Saudi Aramco Signs US$4.5B Agreements for Oil and Gas Megaprojects 11/9/2017 - Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sustainability, diversify the economy, expand gas prod...
Saudi Arabia Seeks New Economy with $500B Business Zone with Jordan, Egypt
10/23/2017 - Saudi Arabia, seeking to free itself from dependence on oil exports, announced a $500 billion plan to build a business and industrial zone extending into Jordan and Egypt. ...
Aramco IPO Still Set for 2018
10/18/2017 - The Kingdom of Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of Aramco, in 2018, the Saudi Oil Minister Khalid Al Falih said Tuesday ...
China Offers to Buy 5% of Saudi Aramco Directly
10/17/2017 - China is offering to buy up to 5 per cent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world’s bigg...
Saudi & Russian Companies to Create Synergy for Sustainable Energy Future
Saudi & Russian Companies to Create Synergy for Sustainable Energy Future 10/5/2017 - The rich endowment of resources of both the Kingdom of Saudi Arabia and the Russian Federation can enable companies from both countries to collaborate in creating synergies for a sustainable energy fu...
Saudi Aramco IPO On Track for 2018
10/5/2017 - A plan to list Saudi Aramco in 2018 is on track, senior Saudi officials said in Moscow, as Saudi Arabia gears up to sign a string of investment agreements with Russia. ...

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