OIL SERVICES
Local and foreign firms alike are working in conjunction with the government and other state-backed enterprises to ensure the up- and downstream sectors remain robust, no matter the momentary price of oil.
JGC Gulf International was established in 2008, at a time when our management had penned an important deal with Saudi Aramco. They mutually agreed to establish Inside Kingdom Engineering, Procurement, and Construction (IKEPC). Before that, we had carried out a project for Saudi Arabia, and our headquarters and project home office have been located at our head office in Yokohama, Japan. We had the engineers and designed, procured, and constructed only in Saudi Arabia; however, we had fully executed the engineering and procurement work in our head office. We can locate our project home office in Saudi Arabia and work together with many young and capable Saudi engineers, transferring our technical expertise to them after several years. We already have over 100 Saudi staff, mostly engineers. Our main projects are with Saudi Aramco, where we are doing the construction of the terminal to transport crude from the east to the west coast in order to export the crude. The terminal is now under construction at Yanbu and is one of our biggest projects.
AWJ Energy's parent company, SUMOU Holding, was established in 2007. Part of the vision behind the group was to provide the best services to the market. The group has five companies in real estate, another five in construction, two in agriculture, two in the financial sector, and one in retail, in addition to those in energy. The group's decision to go into this industry was made in early 2014, and AWJ Energy was established in January 2015. The good thing is that Saudi Arabia is expanding its activities, especially when it comes to oil and gas, because there is continuous demand for both, especially gas. What is available from international service providers in the Kingdom is not going to be enough. There is a lot of room for local companies, and there are incentives from the government to drive this business. AWJ Energy can be a high-quality service provider for oil and gas and petrochemical companies in the downstream. Even though our company is young, we are already working with big companies here in the market.
In 2008, the market was in turmoil with the economic downturn, so organizations had a lot of liquidity issues. We thought it was a great time to penetrate the Saudi market, be more flexible, and make some acquisitions and mergers with the core businesses we were interested in getting into. Now if you have the capital and there are companies struggling with their financials because of economic issues, it is the right time to make an offer and take the business from where it stands and enhance, improve, and drive it forward. In 2008, Makamin went through a lot of cycles, both good and bad, as did every other company. It was awarded lots of projects totaling more than USD1.2 billion, plus assets. Altogether, during the period of 2008-2016, the company went through a period of gaining know-how about bringing turnkey solutions to the oil industry services field. To achieve this, we came up with four departments that we considered to be the core services and maintenance support needed by oil services organizations that work in the field.
OIL SERVICES
TABLE OF CONTENTS
Column
YB Pehin Dato Lim Jock Seng, Minister at the Prime Minister’s Office & Second Minister of Foreign Affairs and Trade, Brunei
TBY talks to YB Pehin Dato Lim Jock Seng, Minister at the Prime Minister's Office & Second Minister of Foreign Affairs and Trade, Brunei, on the sector.
read articleReview
A Crude Awakening
The Kingdom has made renewables a critical aspect of its ambitious Vision 2030 effort to diversify its economy and wean itself from a strictly carbon-based diet, not to mention empower local businesses and individuals to take up the mantle and lead the energy sector into the next generation.
read articleInterview
Abdulaziz AbdulKarim, Vice President of Procurement & Supply Chain Management (PSCM) , Saudi Aramco,
TBY talks to Abdulaziz AbdulKarim, Vice President of Procurement & Supply Chain Management (PSCM) at Saudi Aramco, on the IKTVA program, supporting local content, and looking back over a successful year.
read articleInterview
Ayman Abdullah Alfallaj, CEO, Thiqah
TBY talks to Ayman Abdullah Alfallaj, CEO of Thiqah, on how the private sector can keep pace with the speed of public reforms, delivering a strong and lasting value proposition, and integrating the fruits of privatization into the public sector.
read articleFocus: Technology Investments
Investment Calling
A technological revolution is underway in the Kingdom. Already one of the most tech-savvy nations in the Middle East, the Saudi market has long sought a thriving domestic technology and innovation scene. And with Vision 2030, it is on course to deliver just that.
read articleReview
A Hejaz Unhindered
An ambitious series of road and rail projects from the Jordanian border down to the Indian Ocean are slated to open in part before the end of 2017. They bring the Kingdom that much nearer to its goal of greater non-carbon-based economic integration with the world.
read articleInterview
Sulaiman bin Abdullah Al-Hamdan, Former Minister of Transport and Minister, Civil Service
TBY talks to Sulaiman bin Abdullah Al-Hamdan, Former Minister of Transport and current Minister of Civil Service, on an attractive legislative framework for investment, railway linkages, and port developments.
read articleInterview
Rumaih M. Al-Rumaih, President, Public Transport Authority (PTA
TBY talks to Rumaih M. Al-Rumaih, President of Public Transport Authority (PTA) & Acting President of Saudi Railway Organization, on teaming up with commercially committed partners, making sure the Kingdom's land and sea bridges are of the first order, and providing employment for all the Kingdom's inhabitants.
read articleInterview
Nabeel M. Al-Amudi, President, Saudi Ports Authority, and Minister of Transport
TBY talks to Nabeel M. Al-Amudi, Minister of Transport, and President of Saudi Ports Authority, on optimally restricting concession agreements, resolving bottlenecks in the logistics chain, and privatizing as rapidly as possible.
read articleInterview
Khaled Bin Abdullah Al Hogail, CEO & Managing Director , Saudi Public Transport Company (SAPTCO)
TBY talks to Khaled Bin Abdullah Al Hogail, CEO & Managing Director of the Saudi Public Transport Company (SAPTCO), on the importance of strong and rational regulations, knowledge transfers, and unifying public and private transportation networks.
read articleInterview
Imad El-Zein, CEO, Auto World-Sixt Saudi Arabia
TBY talks to Imad El-Zein, CEO of Auto World-Sixt Saudi Arabia, on growing market share in challenging circumstances, partnering with world-class players to boost its local presence, and combining better services with lower costs.
read articleInterview
Saleh H. Al-Ghamdi, Acting CEO, Saudi Air Navigation Services Company (SANS)
TBY talks to Saleh H. Al-Ghamdi, Acting CEO of Saudi Air Navigation Services Company (SANS), on maximizing safe and effective services, effectively increasing the rate of Saudization, and easing the pathway of women into the workforce.
read articleInterview
Khalil Kutubkhanah, CEO, Jeddah Development and Urban Regeneration Company (JDURC)
TBY talks to Ibrahim Khalil Kutubkhanah, CEO of Jeddah Development and Urban Regeneration Company (JDURC), on Jeddah's unplanned settlements, the company's redevelopment projects, and its partnership model with the private sector.
read articleInterview
Dr. Khalid Bin Mohammed Al Shaibani, Deputy Minister, Planning and Health & Director of the Vision Realization Office
TBY talks to Dr. Khalid Bin Mohammed Al Shaibani, Deputy Minister for Planning and Health & Director of the Vision Realization Office, on reforms within the Ministry of Health, the corporatization of healthcare provision, and transformations in care delivery.
read articleInterview
Mohanad A. Dahlan, CEO, University of Business and Technology (UBT) Company
TBY talks to Mohanad A. Dahlan, CEO of University of Business and Technology (UBT) Company, on the evolution of the company, education investments, and upcoming sectors that will need support from the sector.
read articleFocus: Universities
Broad and Deep
As part of the continuing decentralization of higher education in Saudi Arabia, individual universities are pursuing their own paths to grow their faculties, engage with various international stakeholders, and ultimately move toward a more privatized future.
read articleInterview
Rafique Izhiman, Area General Manager KSA Jeddah, Yanbu Hotels
TBY talks to Rafique Izhiman, Area General Manager KSA Jeddah/Yanbu Hotels & General Manager, Intercontinental Hotel Group (IHG), Jeddah, on the role the firm plays in the market, expanding its footprint in the country, and expectations for 2017.
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