RIYADH: Saudi Aramco, the world’s largest oil company, has signed new contracts, which will create 5,000 jobs in the kingdom over the next 10 years.
According to Urdu News, Saudi Arabia’s oil company Aramco has signed 59 agreements with 51 national and international industrial companies under the Kingdom Total Value Add Program on Tuesday.
The strategic agreements will provide 5 thousand employment opportunities in the kingdom during the next 10 years.
It is expected that the contracts worth 41.25 billion riyals will strengthen Saudi Aramco’s import chain and modernize raw material production facilities.
Ahmed Al Saadi, deputy chairman of technical services at Saudi Aramco, said that heavy investment with unique Saudi Arabian importers will increase flexibility in Saudi Aramco’s performance.
In the energy sector, Aramco will ensure that the company is more credible around the world.
Engineer Mohammad Al Shamri, Deputy Chairman of Supply Chain at Saudi Aramco, said that the signatories of the agreements will be our partners in the future of the commodity industry, thanks to these agreements, the Saudization infrastructure will be expanded.
Engineer Mohammad Al-Shamri added that the purpose of the agreements is to create a framework for joint success and cooperation in line with Saudi Aramco’s vision of establishing a world-class supply chain in the Kingdom.