Saudi Arabia and beyond, obtaining this approval in 2021 opened doors to some of the world's most lucrative energy and infrastructure projects. The Impact of 2021 Approvals
"Did you hear?" he asked.
Myth: "You can buy an Aramco approved company."
Fact: Approval is non-transferable. A change in shareholding >33% triggers a full re-evaluation. aramco approved 2021
If a vendor didn’t have a local entity and a 5-year local investment plan by 2021, their application was automatically rejected.
For two years, those two words had been the horizon of his world. They were the reason he had missed his daughter’s birthday party in London, the reason his lower back ached from sleeping on the flight between Dubai and Dammam, and the reason his small engineering firm, Vortex Solutions, was nearly insolvent from fronting the costs of compliance. Saudi Arabia and beyond, obtaining this approval in
Aramco Approved.
Approved Materials: Products that comply with Aramco Material System Specifications (SAMSS). A change in shareholding >33% triggers a full
Saudi Aramco maintained a disciplined approach to capital expenditure and shareholder returns throughout 2021.