Seven billion dollars worth of deals awarded by Armcoa to 16 Saudi companies

Media IN 06/05/2018

SAUDI ARABIA (Reuters) – Saudi Aramco has set up deals worth more than 26 billion riyals ($ 6.93 billion) to 16 local companies as part of a drive to expand the kingdom’s industrial base and manufacture the largest share of locally produced products,

The 10-year purchase agreement, to be signed on May 1, will focus on the supply of pressure vessels from local companies operating in the manufacturing sector