WorleyParsons Signs Agreement with Saudi Aramco to Expand In-Kingdom Localization Efforts
SYDNEY – (August 8, 2017) – WorleyParsons Pty Ltd. (ASX: WOR) has entered into an agreement with Saudi Aramco to expand and develop WorleyParsons’ In-Kingdom services to Saudi Aramco.
The agreement is part of Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) initiative that aims to double the company’s procurement of locally produced energy-related goods and services to 70 percent of total spend by 2021.
“This agreement demonstrates WorleyParsons’ dedication to supporting the Kingdom in developing human capital within engineering and project management. The partnership is supported by the significant investment the business has made in building the WorleyParsons Academy in Al-Khobar to transform career pathways for local Saudis,” said Andrew Wood, WorleyParsons CEO.
WorleyParsons delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mineral, metals, chemicals and infrastructure sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders.