Saudi Arabia’s Aramco announced on Monday that it would be expanding its flagship program to increase local content, boost supply chains and increase employment opportunities for Saudi citizens. The company noted that the new partnerships will help increase Aramco’s reliability and operational efficiency.

In other news, Saudi Arabia’s Public Investment Fund (PIF) is currently in talks with a group of international banks to raise between $5-7 billion in revolving loan, as it seeks cash for new investments.

To read about this and more of the week’s news from the Kingdom, click here.

If you would like to be added to our weekly email distribution of this newsletter, please email us.

Leave a Reply

Your email address will not be published. Required fields are marked *