NOV Inc Opens Headquarters in KSA

Ragya Wael February 23, 2024

0 1 minute read

NOV Inc, a leader in providing technology and equipment for the global energy industry, officially announced the opening of its regional headquarters in Dammam Asharqia Chamber Tower, Saudi Arabia, reported Maaal.

The company’s new headquarters will serve as a pivotal center for its operations in the Middle East.

Given its strategic location and developed infrastructure, the tower is the ideal new home for the company in the Middle East region.

This step underscores NOV Inc’s commitment to the region, providing its services to customers.

What is NOV Inc?

The Texas-based corporation provides equipment used in oil and gas drilling and production.

Moreover, its services exceeds providing tools to include oilfield services and supply chain integration services to oil and gas industry.

“The decision by NOV to set up a regional headquarters in Saudi Arabia is testament to the world-class infrastructure and human capital in the Kingdom and its role as a leading international energy hub,” said Minister of Investment Khalid Al-Falih, as reported by Maaal.

“Eastern Province is an ideal location for NOV’s regional headquarters due to its strategic positioning within MENA, its substantial presence in Oil and Gas operations, and its thriving business environment,” commented CEO of NOV Clay Williams.

French Companies Relocating to KSA

Furthermore, earlier this year, the French Ambassador to Saudi Arabia Ludovic Pouille told ‘Al-Eqtisadiah’ that most French companies have relocated their regional headquarters to Riyadh.

Relocating the headquarters to Riyadh followed the facilitations provided to compete in tenders and contracts for government entities.

Pouille pointed out that 175 French companies are operating in Saudi Arabia, employing more than 13,300 Saudis.

Saudi Arabian Tourists Head to France in 2023

KSA, France, Iran Hold Phone Calls to Discuss Gaza

Short link :

Post Views: 1,303