Saipem agrees Saudi joint venture:SAUDI ARABIA

摘要

Saipem has signed a memorandum of understanding with Saudi construction company Abdel Hadi Abdullah Al Qahtani & Sons Company(AHQ).The companies have agreed to form joint venture in Saudi Arabia,combining Saipem’s EPC competences and skills with AHQ’s knowledge and expe-rience in logistics,construction and supply chain management.The joint venture aims to maximise local value creation and to become a first tier player in the execution of onshore construction and onshore pipeline EPC projects in the Kingdom.