Middle East Economic Survey

VOL. LIII

No 47

22-Nov-2010

Saudi Aramco Set To Implement Flagship Saudization Initiative

State-owned Saudi Aramco is set to award its delayed General Engineering and Services Plus (GES+) initiative contracts aimed at relocating all front end engineering and design (FEED) and pre-FEED work to within the kingdom, industry sources tell MEES.

The company was to have awarded the GES+ packages, which involve Saudi-Foreign joint ventures, committing to 100% Saudization...