Global Trade Alert
Global Trade Alert

Saudi Arabia: Saudi Aramco signs a MoU with SNC-Lavalin

Announcement

13 Dec 2017

The Saudi state-owned oil firm Saudi Aramco signed a MoU with the Canadian-based SNC-Lavalin. The core scope of this MoU is to strengthen Saudi Aramco's capability to reach their IKTVA program-related deliverable targets i.e. to procure most of their goods and services locally.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

13 Dec 2017

Revocation date:

No revocation date

Announced: 13 Dec 2017
Local content incentive In force
On 13 December 2017, Saudi Aramco as part of its In Kingdom Total Value Addes (IKTVA) program signed a Memorandum of Understanding with the Canadian-based entity SNC Lavalin. IKTVA is a program esta...
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