Saudi Aramco signs MOUs worth $10.4 bn to push local manufacturing

Published On: 13, Dec 2017 | Source: business-standard.com

signed on Wednesday agreements with foreign and local worth at least 39 billion riyals ($10.4 billion).

The bulk of the memorandum of understanding agreements were part of a drive to promote local manufacturing, the company said. One agreement was also signed with drilling and oil service company Schlumberger worth 6 billion riyals.