Wood, Saudi Aramco enter deal to create new jobs for Saudi citizens

UK-based oilfield services company Wood has entered into a memorandum of understanding (MoU) with Saudi Aramco to create and accelerate opportunities for local workforce in Saudi Arabia.

The MoU was signed on November 23, 2017.

It supports Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) initiative, which is part of the Kingdom’s Vision 2030 plan; focused on strengthening and diversifying the Saudi economy through the localization of key manufacturing and service industries within the Kingdom, and the creation of thousands of new jobs for young Saudi citizens, Wood explained in a statement on Wednesday.

Robin Watson, chief executive of Wood, said: “Wood has been operating in the Kingdom of Saudi Arabia for many years, with a clear commitment to developing local talent and creating opportunities for the state’s supply chain. In recent years, our presence has grown rapidly, in large part due to our ongoing Saudization efforts.

“We are proud to sign this agreement, which reflects our long-term commitment to the region, our valued and trusted relationship with Saudi Aramco and provides a platform to accelerate our ongoing efforts to meet and exceed the objectives set within the IKTVA initiative.”

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both domestic and overseas buyer groups, including Shell, Exxon Mobil, Total…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply