Middle East Economic Survey

VOL. LIII

No 50

13-Dec-2010

SAUDI ARABIA

Ownership Revelation Further Delays Saudi Aramco GES+ Award

State-owned Saudi Aramco has delayed award of its flagship Saudization initiative after it emerged that at least one of the prospective Saudi winners of the General Engineering Services Plus (GES+) packages had a hidden ownership stake in at least two of the other winners, MEESlearns.

On 6 December lead partners in each of the seven winning consortia were sent...