Saudi Aramco participates at ‘Future Projects Forum’

Posted On April 18th, 2019 - 12:51 pm | by Oil and gas press

More than 600 upcoming Saudi Arabia construction projects worth $130 billion (SR500 billion) were presented to approximately 1,500 contracting professionals at the Middle East’s first and largest contracting forum held in Riyadh recently.

Saudi Aramco was an active participant, and one of several leading companies, as well as government organizations, presenting their contracting projects at the two-day “Future Projects Forum” that was organized by the Saudi Contractors Authority.

Riyadh Governor HRH Prince Faisal Bin Bandar Al-Saud opened the event, which brought together investors, project owners, and contractors to exchange the latest information on the Kingdom’s future development projects, and other opportunities. The Prince praised the forum for helping to promote an integrated approach to achieving the country’s ambitions for the sector. Saudi Arabia, a G20 country, is considered the largest contracting market in the Middle East, with a total annual contracting value of $100 billion.

Contractor success is everyone’s success
With its long experience in managing mega-projects, Saudi Aramco is a well established major customer for contract companies, and senior vice president of Technical Services Ahmad A. Al Sa’adi delivered the forum’s keynote address.

Describing the first-ever event as a significant platform for exploring future prospects, Al Sa’adi said the Kingdom was already the Middle East’s largest market for contracting, and this would increase with Saudi Arabia’s growth in industrial, service, and residential projects.

Al Sa’adi said Saudi Aramco is currently implementing about 200 major projects through a selection of local and international contractors.

Source / More : Saudi Aramco

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