The Specialized Industrial Services Company (SISCO) announced today that it signed agreement to start up a limited-liability company in partnership with the Netherlands-based Stork Technical Servicesin Saudi Arabia.
The new company will offer quality specialized technical services for the oil and gas and petrochemical industry sector, as well as energy and water desalination services.
Sisco’s CEO Eng. Mohamed bin Moahmed Kalam Al-Mudarris said the company assessed several investment opportunities in the field and founded that the local market needs such services, thereby selecting internationally reputed Stork company.
The new venture will be a foreign investment in Saudi Arabia shared by the two partners with capital of SAR 25 million, 55% for Stork and 45% for SISCO. The company will be a local provider of specialized technical services and integrated solutions on equipment maintenance and industrial asset management. Company headquarters will be at Jubail Industrial City.
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