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During Saudi Aramco’s iktva 2023 Forum and Exhibition, Amer Al-Ajmi, executive vice president of Alfanar, and Sungmin Yang, senior vice president of Daewoo, signed a $1.5 billion agreement aimed towards joint cooperation in future projects for the oil, gas and petrochemicals sectors. Through this agreement, Alfanar will work on transferring and localizing expertise in the engineering construction field, and exchanging the expertise of advanced technologies used in design, procurement and project execution for the oil, gas and petrochemicals sectors.

Alfanar sign $1.5bn deal with Daewoo E&C during iktva 2023

During Saudi Aramco’s iktva 2023 Forum and Exhibition, Amer Al-Ajmi, executive vice president of Alfanar, and Sungmin Yang, senior vice president of Daewoo, signed a $1.5 billion agreement aimed towards joint cooperation in future projects for the oil, gas and petrochemicals sectors. Through this agreement, Alfanar will work on transferring and localizing expertise in the engineering construction field, and exchanging the expertise of advanced technologies used in design, procurement and project execution for the oil, gas and petrochemicals sectors.

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