Saudi Aramco inks 66 MoUs worth $21 bln with local, foreign entities

Saudi Aramco signed 66 memorandums of understanding (MoUs) and strategic and commercial collaborations valued at more than $21 billion (SAR 78.75 billion) with international entities from 11 countries, the company said in a statement.

These deals were signed on the sidelines of the 5th In-Kingdom Total Value Add (iktva) Forum & Exhibition, in several industrial and business fields covering the Saudi energy sector.

The MoUs and commercial collaborations included the following companies and entities:

- Hyundai Heavy Industry.

- Seimens.

- Aasia Steel.

- Oilfields Supply Center (OSC).

- Al-Khorayef Petroleum.

- Mitsubishi Hitachi Power Systems.

- Schneider Electric.

- Honeywell.

- Advanced Electronic Company (IT).

- XDM 3D Printing.

- Shengong New Materials.

- XINFOO.

- Saudi Exports Development Authority (SEDA).