Aramco subsidiary moves HQ to The Hague
Dubai, March 29, 2009
Aramco Overseas Company (AOC), subsidiary of Saudi Aramco, is moving its headquarters back to The Hague in the Netherlands from Leiden from where it has been functioning for nearly 25 years.
This move sees the return of AOC to its base, The Hague, from where it began operating in 1952.
“Saudi Aramco has shared a rich history with the Netherlands dating back to over 55 years,” said said Patrick Polman, director Gulf region of the Netherlands Foreign Investment Agency (NFIA).
“AOC wanted to expand its operations and has been considering several locations, within the Netherlands but also outside our borders. We are very pleased that AOC eventually decided to stay in our country and move back to The Hague,” he added.
“AOC’s decision to return to its original home augurs well for the company, because there are already a large number of oil companies in The Hague. More importantly, we expect the move will also benefit Dutch businesses, as AOC is a major operator with diverse activities spanning the globe.”
“Operating from The Hague will bring logistical efficiencies and proximity to our business partners and suppliers, especially oil companies,” said Ahmed Alzayyat, managing director of AOC.
“Moreover, The Hague’s service industry enjoys a high reputation and the city is renowned for efficiently catering to expatriates’ needs.”
The new AOC headquarters will be located at the Scheveningseweg in The Hague.
AOC operated from The Hague for 30 years before it decided to move its base operations to Leiden in 1984.
The Netherlands proved to be an invaluable country with diverse resources that assisted AOC to run its business with the highest efficiency. The excellent transport links meant AOC could import and export its goods freely and effectively through the Rotterdam port, one of the largest ports in the world. – TradeArabia News Service
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