Home / Business / Saudi Aramco pumping billions into SMEs

Saudi Aramco pumping billions into SMEs

Saudi Aramco will offer 140 contracts worth 60 billion riyals ($16 billion) to small and medium-sized enterprises (SMEs) in the kingdom, the Al Arabiya TV website reported on Saturday.

Aramco is working with the government to boost cooperation with SMEs as it spends 170 billion riyals on different services a year, Mohammed bin Ayed al-Shamri, deputy director of procurement and supply, was quoted as saying.

Source: Reuters

Check Also

Venezuela to swap crude with Iranian condensate in defiance of US sanctions

Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate …

Leave a Reply

Your email address will not be published.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