KBR, the US-based engineering, procurement and construction company, has signed a MoU with Saudi Aramco to expand KBRs services for Saudi Aramco and to support the Kingdom’s vision for boosting locally produced energy-related goods and services
Saudi Aramco has adopted an In-Kingdom Total Value Add (IKTVA) initiative, aiming to double the percentage of localised goods and services to 70 per cent of the total spent by 2021.
According to KBR, the MoU encourages the partners of Saudi Aramco, both in-Kingdom and worldwide, to invest in the Kingdom and leverage opportunities for growth of business and utilise the available local skills.
“This agreement demonstrates KBR's dedication to meeting and exceeding localisation objectives and supporting the Kingdom in developing human capital within engineering and project management,” said Stuart Bradie, President and CEO of KBR.
Bradie said that KBR is organising local training programmes around the world in collaboration with clients. The aim is to employ qualified local talents on projects.
Under the MoU agreement, KBR will deploy engineering, design and project management services to Saudi Aramco to provide training and employment of local resources, which will help Saudi citizens to build sustainable employment by bringing value to local projects and the national economy.
“The Kingdom of Saudi Arabia remains a key market for KBR's global energy and hydrocarbons business and we are committed to implementing our lessons learned from successful localization initiatives in other geographies and replicating those successes in-Kingdom,” Bradie added.
KBR also provided operational and maintenance services for the Sadara project in Jubail, which is the largest petrochemical complex ever built in a single phase. This project has created employment opportunities for both Saudi and US engineers, project managers and other employees in the region.
"We look forward to strengthening our commitment to Saudi Aramco and furthering our long-standing relationship with the Kingdom as we continue to pursue new opportunities," continued Bradie.
Headquartered in Texas, the US, KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the government services and hydrocarbons sectors.
