An international joint venture has been announced between Ireland-based engineering company Kent and local contractor Nesma and Partners – to support Saudi Arabia’s oil giant Aramco.
The IJV forms Nesma Kent, a new company that will be providing engineering, procurement, and project management services of the Saudi oil company, Kent said in a statement.
It will also build an “autonomous engineering centre of excellence” in Saudi Arabia within the next five years – which falls under the government’s remit to boost local capabilities in crucial industries in the Kingdom.
There will be a dedicated training program for Saudi nationals, as well as opportunities for local engineers to visit Kent’s global engineering centres.
Aside from executing Aramco’s EPC projects, the partnership will also see the development of new capabilities in the field of carbon capture, blue hydrogen, and blue ammonia technologies.
Saudi Arabia, in recent years, have launched initiatives to boost its local economy, mainly by improving local production and empowering Saudi citizens to enter the workforce.
It is part of the Kingdom’s wider ambition, the Saudi Vision 2030, to diversity it economy away from oil and gas – pouring investments in sectors such as manufacturing, tourism, defence, and logistics.
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