Imtilak Real Estate opens its new office in Sakarya, special offers and prices on the occasion of the opening

Aramco Signs 18 Deals for Economic Projects in Turkey

On the sidelines of the World Energy Congress taking place in Istanbul until the thirteenth of this month, October 2016, Saudi Aramco signed so far 18 Memorandums of Understanding (MoUs) with Turkish >>

3,939
2016-10-12 Last update 2020-02-11

Aramco Signs 18 Deals for Economic Projects in Turkey

On the sidelines of the World Energy Congress taking place in Istanbul until the thirteenth of this month, October 2016, Saudi Aramco signed so far 18 Memorandums of Understanding (MoUs) with Turkish companies leading in power generation, airport construction and management, petroleum, and roadways which will definitely strengthen Saudi-Turkish economic cooperation.

The signing ceremony was presided by Khalid Al-Falih, Chairman of Board of Directors of Saudi Aramco, Berat Albayrak, Minister of Energy and Natural Resources, Amin Al-Nasser, President of Saudi Aramco; and several Turkish economy leaders.

Aramco plans to invest 300 billion dollars

Amin Al-Nasser, President of Saudi Aramco, was pleased that the Memorandums of Understanding (MoUs) will help further the development of business opportunities between the two countries and attract more investments into Saudi Arabia. Moreover, these MoUs continue to underscore the commitment by Saudi Aramco towards achieving Saudi Arabia's Vision of 2030.

Amin Al-Nasser, also added that Saudi Arabia will double the percentage of locally-produced energy-related goods and services to 70% by 2021. He also declared that the company plans to invest 300 billion dollars over the coming 10 years, with a focusing on gas investments.

More from Imtilak
Erdogan | Istanbul Canal Project Cannot be Postponed

President of the Republic of Turkey Recep Tayyip Erdogan stated that the Istanbul Canal project is a project that cannot...

2019-12-13
1,316
Moody's Raises its Outlook on Turkey's Economic Growth

Turkey's economy is growing faster and faster than expected, Moody's International said in its report on the global econ...

2019-11-16
1,167
Privacy Policy

We use cookies to offer you the best possible user experience, learn more about how to use them