In a major move, Saudi Arabia has allowed limited exemptions to its regional HQ rule, permitting government entities to sign contracts with international companies which do not have a base in the kingdom, said a report. This directive applies to all government agencies, funds and their affiliated bodies.
Parsons Corporation, a key provider of solutions for global infrastructure markets, has announced that it has been awarded two contracts worth a combined total of over $100 million to perform programme management and design engineering for two Middle East government customers.
Kuwait Oil Company (KOC) has awarded a series of contracts worth KD208 million ($676.8 million) to major global firms including Western Atlas and Halliburton for the provision of logging and perforation services as part of its ongoing efforts to boost upstream oil and gas operations.
