Riyadh – Mubasher: Saudi Aramco has signed a SAR 60 billion ($16 billion) agreement with Saudi Arabia Small & Medium Enterprises General Authority (Monsha'at).
The agreement is aimed at improving the kingdom’s investment climate and opening investment potentials in the oil and gas field as SMEs support, Aramco said in a statement.
Saudi Aramco has determined over 140 investment opportunities for SMEs, which will enable them to supply goods and services required by the company, vice president of procurement & supply chain management Mohammad Al-Shammary revealed.
Earlier in April, Reuters reported that Saudi Aramco selected chief economic adviser at Allianz Mohamed El-Erian as an informal adviser for its first bond issue.
