VOL. XLIV

No 46

12-November-2001

SAUDIARABIA

SaudiEnergy Services Holding Company Opens Door For International JVs

Saudi Arabia has announced that it is setting up a holding company,with majority Saudi private sector investment, for petroleum and energy supportservices, MEES Gulf Editor Gerald Butt reports from Riyadh. The new venturewill provide the umbrella for the creation of subsidiaries, opening the doorfor investment from international firms in joint ventures (JVs) with Saudicompanies. The...