UK manufacturers eye £200bn oil investment plans

“Of particular interest to the visitors are companies willing to manufacture or invest in basic assembly operations in Saudi”

Mark Robson, UKTI International Trade Director, Yorkshire & the Humber

Huge potential for UK companies at Saudi Aramco especially in the form of partnerships and joint ventures.

Oil giant Saudi Aramco has called on UK manufacturers to stake their claim in a new £200bn Middle East investment programme.

Delegates from the world’s biggest integrated oil company staged a ‘meet the buyer’ event in Leeds for UK manufacturers of specialist equipment used in the oil and gas industry to show off their expertise in a bid to secure a slice of the mammoth investment programme, which will see £200bn invested in the industry over the next four years.

Nine trading houses and conglomerates within Saudi Arabia were represented as part of Saudi Aramco, all of which looking to establish export ties with manufacturers of drilling products, specialist valves, wellhead manifolds, pumps, specialist metals and fittings, and pipeline maintenance products.

Mark Robson, UKTI International Trade Director, Yorkshire & the Humber said the event was a unique opportunity for UK manufacturers to demonstrate their expertise, forge links and enter joint venture (JV) projects with some of the biggest names in the oil and gas industry.

“Of particular interest to the visitors are companies willing to manufacture or invest in basic assembly operations in Saudi,” he said.

“They are exploring opportunities to partner or share a range of JV projects, including the manufacture of valves and operations to produce flanges and pipe fittings.”