Saudi Aramco, US firms ‘to create thousands of jobs under $50 billion agreements’

Saudi Aramco has signed agreements with American companies to promote bilateral trade and investment between Saudi Arabia and the US.
Updated 21 May 2017

Saudi Aramco, US firms ‘to create thousands of jobs under $50 billion agreements’

RIYADH: Saudi Aramco on Saturday signed agreements with major US companies with an estimated total value of $50 billion.
The agreements were signed in Riyadh in the presence of King Salman and US President Donald Trump.
They “will pave way for the company to enhance its business synergy with the US as well as attracting investments from its US counterparts to the Kingdom,” according to a company statement.
“The agreements signed today by Saudi Aramco with major American companies underscore the purposeful collaboration between Saudi Arabia and the US in areas of strategic importance linking Saudi Vision 2030 and America’s own economic depth and strength,” said Saudi Aramco President and CEO Amin Nasser.
Among the agreements signed or updated are a joint venture with Jacobs Engineering to provide program and construction management services, and one with the National Oilwell Varco (NOV) to provide high-specification drilling rigs and advanced drilling equipment.
Other MoUs were signed with GE, Rowan, Nabors, McDermott, Honeywell, Schlumberger, Halliburton, Weatherford, Baker Hughes and Emerson.


Arab coalition intercept drone targeting Khamis Mushayt

Updated 25 August 2019

Arab coalition intercept drone targeting Khamis Mushayt

  • The drone was fired from Sana'a and was targeting Khamis Mushayt
  • This is the latest in a spate of drone attacks launched by the Houthis against Saudi Arabia

DUBAI: The Arab coalition intercepted a Houthi drone targeting the Saudi city of Khamis Mushayt on Sunday, state news agency SPA reported.

It was the latest in a spate of attacks launched by the Iranian-backed militia, and just hours after the Houthis had targeted the same southwestern Saudi city in a matter of hours.

The Sunday morning attack was launched from the Yemeni city of Sana’a.

There were also 10 drones that hit the Saudi Shaybah natural gas liquefaction plant near the UAE border earlier in August.

Arab coalition spokesman Col. Turki Al-Maliki later told media that all attempts by the militia to attack Saudi Arabia would be thwarted.

And he said that the continued targeting of civilian areas including airports was in direct violation of international law.