Riyadh – Mubasher: State-owned Saudi Aramco has signed a memorandum of understanding (MoU) with the Saudi Arabian General Investment Authority (SAGIA) to streamline the kingdom’s business climate, support and commercialise oil, gas, and petrochemical investments and services.
The MoU involves stepping up cooperation between the two parties to Saudise services and commodities by marketing investment opportunities and attracting oil, gas, and petrochemicals investments, the world's largest oil producer said in a statement.
The deal also aims to organise joint workshops to offer the investment opportunities and exchange information to contribute to supporting the objectives of In-Kingdom Total Value Add (iktva) program.
This partnership enhances Aramco’s efforts to ratchet up investments in different sectors, especially in the energy sector, Aramco’s senior vice president of technical services, Ahmad Al Sa'adi, said.
