Saudi Arabia move beyond Crude Oil Revenues

Saudi Arabia move beyond Crude Oil Revenues

Developing manufacturers, services, and technologies, Saudi Arabia move towards reducing its dependency on oil revenues in line with Saudi Arabia’s Vision 2030. Taqa venture’s deal of acquisition of Texas-based Schlumberger Ltd. rig business in the region for $415mn (SAR1.56bn) is the best example. Saudi Arabia’s Industrialization & Energy Services Co., known as Taqa announced Sunday...

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