New technical services company set up in Saudi

A new company to offer specialized technical services to the oil and gas, petrochemical, energy and water desalination sectors has been set up in Jubail, Saudi Arabia, by Stork Technical Services of the Netherlands and Saudi Industrial Services Co (SISCO).

The agreement was signed on 25 June 2012 to establish a company under the name of Stork Technical Services Saudi Arabia Ltd, as a foreign investment with a share capital of SR 25 million (US$ 6.67 million), where Stork’s share is 55%, and SISCO’s is 45%. The company will offer complete solutions bundled to serve high value apparatus and asset management.


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