INDUSTRY NEWS
GE, Saudi Aramco and Cividale Agree to Set Up Casting Facility Saudi Aramco, Dhahran, Saudi
Arabia, has signed a memorandum of understanding with GE Oil & Gas and Cividale SpA, Tavagnacco, Italy, to build a casting and forging facility for the Middle East’s maritime and energy industries. According to a news release, the investment is for over $400 million. Located in Ras Al-Khair, Saudi Ara-
bia, the facility is expected to be opera- tional in 2020 and create 2,000 jobs. “Te (memorandum of understand-
ing) reflects our ambition to create a robust supply chain that builds positive synergies in the oil and gas manufactur- ing sector,” said Abdallah I. Al-Saadan, senior vice president, finance, strategy and development, Saudi Aramco. Saudi Aramco and Cividale already
had a preliminary partnership to look into the feasibility of casting and forging facilities in Saudi Arabia. GE was added because of its experience in
Saudi Aramco has signed a memorandum of understanding with GE Oil & Gas and Italian firm Cividale SpA to build a casting and forging facility for the Middle East’s maritime and energy industries.
developing manufacturing plants. “For the forging and casting manu-
facturing facility, we will leverage our already strong expertise in ‘Made in Saudi’ manufacturing. Together with our partners, we will actively engage
Saudi SMEs to support the plant’s op- erations, and train and hire Saudi pro- fessionals, adding further value to the economy,” said Rami Qasem, president and CEO, GE Oil & Gas, Middle East, North Africa and Turkey.
12 | MODERN CASTING July 2016
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