Saudi Aramco and KBR ink MoU

By Davis Thattil | Nov 02, 2017
Saudi Aramco has entered into a Memorandum of Understanding (MoU) with KBR, Inc. to develop a competitive and reliable local supply chain through its In-Kingdom Total Value Add (IKTVA) program. The MoU envisages expanding and developing KBR's services for Saudi Aramco to double the percentage of locally produced energy-related goods and services to 70 percent of the total spent by 2021.

The MoU also seeks to encourage Saudi Aramco's in-Kingdom and worldwide partners across the supply chain to maintain their commitment to invest in the Kingdom and leverage the huge opportunities for growth of businesses, resources and utilize the available local skills.

"This agreement demonstrates KBR's dedication to meeting and exceeding localization objectives and supporting the Kingdom in developing human capital within engineering and project management," said Stuart Bradie, KBR President and CEO. "The Kingdom of Saudi Arabia remains a key market for KBR's global energy and hydrocarbons business and we are committed to implementing our lessons learned from successful localization initiatives in other geographies and replicating those successes in-Kingdom."

KBR has partnered with clients around the world to create successful local training programs, while employing qualified local nationals on projects. KBR continues to expand upon these efforts in the Kingdom.  For example, KBR provided engineering, design, project management, operations and maintenance services for the Sadara project in Jubail, the largest petrochemical complex ever built in a single phase. This project alone created thousands of jobs for both Saudi and U.S. engineers, project managers, and other employees.


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