Saipem signs MoU with Saudi construction company AHQ

Source: press release, 25 February 2020

photo: Saipem
photo: Saipem

Saipem has signed a Memorandum of Understanding (MoU) with the Saudi construction company Abdel Hadi Abdullah Al Qahtani & Sons Company (AHQ).

With this agreement, both companies set the path towards the creation of a Joint Venture in Saudi Arabia, combining Saipem’s EPC competences and skills with AHQ’s knowledge and experience in logistic, construction and supply chain.

The joint venture aims to maximise local value creation and to become a first-tier player in the execution of onshore construction works as well as of onshore pipeline EPC projects.