Abdullah Alowaid

Arabian Rig Manufacturing (ARM) is a 70/30 joint venture partnership between National Oilwell Varco "NOV" and Saudi Aramco established in March 2018. ARM is an anchor project in Saudi Arabia’s efforts to position the Kingdom as a hub of the MENA region by introducing world-class industry Rig Manufacturing locally, fostering economic growth and job creation.

Fadhili Plant Cogeneration Company (FPCC) is joint venture located in Jubail Industrial City ,Saudi Arabia. Saudi Aramco Power Holding Company and Saudi Electricity Company (SEC) hold 30% stake each in the project company, while ENGIE, which has been contracted to develop the plant on build, own, holds 40% equity. operations are expected to begin from November 2019. The electricity generated by the plant will be equivalent to the consumption of 1.4 million people. The plant will also produce 1,447t an hour of steam and 768.8t an hour of feed water, which will be supplied to Saudi Aramco.

Vela International Marine Limited is one of the largest crude oil tanker companies in the world. Vela is the tanker owner and operator subsidiary of the Saudi Arabian Oil Company (Saudi Aramco). Vela currently owns and operates a modern fleet of 15 Very Large Crude Oil Carriers (VLCC). Our VLCCs conduct trade primarily between the Middle East, Europe and the United States Gulf Coast. Vela also owns and operates five product tankers that are designed to transport petroleum based products. These vessels perform coastal trade chiefly in the Red Sea and the Arabian Gulf. Vela is committed to continue building the most modern, high-quality tankers in the world.

Arabian Rig Manufacturing (ARM) is a 70/30 joint venture partnership between National Oilwell Varco "NOV" and Saudi Aramco established in March 2018. ARM is an anchor project in Saudi Arabia’s efforts to position the Kingdom as a hub of the MENA region by introducing world-class industry Rig Manufacturing locally, fostering economic growth and job creation.