Road accident deaths drop by 50% in Saudi Arabia    SR 3.95 million fines for 3 employees of a company and 6-month jail for one for violating Capital Market Law    Qassim emir launches 52 health projects costing a total of SR456 million    BD and INS partner to elevate standards of infusion care in MENAT    Dubai Design Week launches its 10th edition, celebrating creativity and innovation    GASTAT: Passengers of public transport bus and train soar 176% and 33% respectively in 2023    Fakeeh Care Group reports 9M-2024 net profit of SR195.3 million, up 49% y-o-y driven by solid revenue growth and robust profitability    Italy's 'Libra' to arrive in Albania with just eight migrants on board    South Africa shuts border crossing with Mozambique over poll unrest    French families sue TikTok over harmful content that allegedly led to suicides    Harris tells supporters 'never give up' and urges peaceful transfer of power    HRT does not impact life expectancy — UK health body    Liam Payne's body to be flown back to the UK    Suspect arrested for banking fraud totaling SR493 million as Nazaha pursues corruption charges    Arab leaders and heads of state congratulate US President-elect Donald Trump    Neymar suffers muscle tear, out for 4-6 weeks    Crown Prince hails Saudi medical team that performed world's first fully robotic heart transplant    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Business deals
Published in The Saudi Gazette on 21 - 05 - 2017

[gallery size="medium" td_select_gallery_slide="slide" td_gallery_title_input="Business deals" ids="146562,146563,146564"]
US and Saudi Arabian companies signed tens of billions of dollars of business deals on Saturday.
Major announcements:
GE signed $15 billion of business deals involving almost $7 billion of goods and services from GE itself. They ranged from the power and healthcare sectors to the oil and gas industry and mining. Among projects, GE will help make power generation more efficient, provide digital technology to the operations of oil firm Saudi Aramco, and cooperate in medical research and training.
Exxon Mobil and Saudi Basic Industries agreed to conduct a study on a potential petrochemical project in San Patricio County, Texas. A final decision is expected sometime in 2018. The project would include an ethane cracker with a production capacity of 1.8 million tons of ethylene per year to feed a monoethylene glycol unit.
Raytheon will establish a Raytheon Arabia business unit and help to develop Saudi defense, aerospace and security capabilities.
Lockheed Martin will support the final assembly and completion of an estimated 150 S-70 Black Hawk utility helicopters in Saudi Arabia.
General Dynamics will help to localize design, manufacturing and support of armored combat vehicles.
Begin the design and selection process for offshore drilling rigs as part of a $7 billion investment over 10 years with Rowan Companies to own and operate such rigs.
Additional well services and studies into rig movements as an extension of a joint venture with Nabors. The venture is to see $9 billion of investment over 10 years period and create 4,000-5,000 new Saudi jobs.
New joint venture between Saudi Aramco and National Oilwell Varco to make high-specification drilling rigs and equipment in the Kingdom; it is to involve $6 billion of investment over 10 years.
Jacobs Engineering: MoU worth $250 million to localize design, engineering, procurement, construction and project management services for the oil and gas industry. It is expected to create 300 jobs.
Weatherford signed an MoU for $2 billion of projects related to localizing oil field goods and services.
Dow Chemical signed an agreement to build a manufacturing facility to produce polymers for coatings and water-treatment applications, and an MoU for a feasibility study of a proposed investment in performance silicones.
McDermott signed a $2.8 billion MoU to deliver projects localizing goods and services along Saudi Aramco's supply chain.
Honeywell signed a $3.6 billion MoU to deliver projects localizing goods and services in Saudi Aramco's supply chain.


Clic here to read the story from its source.