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Saudi Arabia supports local offshore rig manufacturing
The Ministry of Investment in Saudi Arabia, in partnership with Deputy Minister Ibrahim Al-Mubarak, signed an agreement with Aramco Ruwan Drilling Company to support the localization of the offshore drilling rig industry in the Kingdom. The agreement aims to enhance local content, develop supply chains within the energy sector, transfer knowledge, and build national capacities, with the goal of attracting impactful investments and achieving national objectives. It also seeks to create employment opportunities for Saudi talent. This initiative will contribute to establishing more efficient and sustainable local supply chains and will help increase the local content in Saudi Arabia's energy sector.
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