Aramco Closes In On $7.2 Billion In Deals Supporting Saudi Industry ...Middle East

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Aramco Closes In On $7.2 Billion In Deals Supporting Saudi Industry
source : OILPRICE ( Middle East ) () 13
Saudi Aramco has signed more than 100 agreements and memoranda of understanding (MoUs) worth $7.2 billion to support the local industrial and manufacturing sectors, the Saudi oil giant said on Monday as the Kingdom looks to have more local content in the industrial supply chains. The signing of the deals took place during the 7th edition of the In-Kingdom Total Value Add (iktva) Forum and Exhibition, a program to boost local content in supply chains. The program achieved 63% local content in 2022, up from 35% in 2015 when it was launched, Saudi…

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