After entering into a Memorandum of Understanding (MoU), KBR, Inc. will expand and develop its services for Saudi Aramco, in line with the Kingdom of Saudi Arabia's (KSA) localisation objectives.
The MoU is in line with Saudi Aramco's In-Kingdom Total Value Add (IKTVA) initiative, which aims to double the percentage of locally produced energy-related goods and services to 70% of the total spent by 2021. The MoU also seeks to encourage Saudi Aramco's in-KSA and worldwide partners across the supply chain to maintain their commitment to invest in KSA and leverage the huge opportunities for growth of businesses, resources and utilise the available local skills.
"This agreement demonstrates KBR's dedication to meeting and exceeding localisation objectives and supporting the KSA in developing human capital within engineering and project management," said Stuart Bradie, KBR President and CEO.
KBR has partnered with clients around the world to create successful local training programmes, while employing qualified local nationals on projects, which it hopes to expand on in the KSA. For example, KBR has provided engineering, design, project management, operations and maintenance services for the Sadara project in Jubail, the largest petrochemical complex ever built in a single phase. This project alone created thousands of jobs for both Saudi and US engineers, project managers, and other employees.
"Partnership is in KBR's DNA, and we are proud of our long track record of partnership with Saudi Aramco in training and employing local resources. Our legacy of job creation for locals in-KSA, including using local fabrication and suppliers on our projects, helps Saudi citizens build sustainable employment, not just for one project but throughout their life and careers – bringing added value to local projects and the national economy," Bradie added.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/10082017/kbr-and-saudi-aramco-to-collaborate-on-localisation-efforts/