Saipem and NSH establish new EPC entity in Saudi Arabia

Saipem and the Saudi construction company, Nasser S. Al Hajri Corporation (NSH), have signed with Aramco an industrial national EPC champion implementation agreement.

The initiative follows the MoU signed and announced in September 2021, under Aramco’s Namaat Investment Industrial Programs, focused on building national champions, creating a robust industrial ecosystem and introducing unique job opportunities.

The deal envisages the incorporation of an EPC National Champion with the skills and capacity to execute in the Kingdom the full range of onshore EPC project activities, maximising the employment of local resources. The establishment of the new company is expected by the end of 2022.

Saipem and Aramco have a long-running collaboration that includes the execution of a wide set of activities, from onshore and offshore engineering and construction, to drilling activities, with onshore and offshore rigs.

In a statement, Saipem said that: “The establishment of the EPC National Champion-through the combination of Saipem’s engineering and project management skills with NSH’s construction skills-would represent the chance to improve Saipem’s effective presence in Saudi Arabia’s growing market.”