en.Wedoany.com Reported - McDermott has been selected among 11 pre-qualified contractors by Aramco to secure a Project Management Consultancy Long-Term Agreement (LTA) to support the delivery of major energy, downstream, petrochemical, and low-carbon projects within the Kingdom of Saudi Arabia.
Under the agreement, McDermott will leverage its global delivery model and technical expertise to provide engineering, front-end development (pre-FEED and FEED), and project management consultancy services. The agreement establishes a strategic partnership between McDermott and Solutions Leaders Fayez Engineering (SLFE). SLFE is an Aramco-approved General Engineering Services+ (GES+) contractor. This collaboration combines McDermott's global experience in executing complex, capital-intensive projects with SLFE's local presence and execution capabilities within Saudi Arabia.
This multi-year PMC LTA, through the McDermott Nederland BV division, positions McDermott as an engineering and project management service provider within Aramco's strategic investment plan. Michael McKelvy, President and Chairman of the Board of McDermott, stated that the company has a solid relationship with Aramco and a proven track record in executing complex engineering and energy infrastructure projects in the Middle East. He noted: "Just as the United States and the Kingdom of Saudi Arabia are committed to long-term cooperation, we are equally committed with SLFE to localization, knowledge transfer, and sustainable capacity building within Saudi Arabia." This award reinforces McDermott's role in supporting the Kingdom's long-term development goals and energy transition.
Rob Shaul, Senior Vice President of McDermott's Low Carbon Solutions, pointed out that this long-term agreement reflects Aramco's confidence in the company's proven execution capabilities and its track record of delivering complex, world-class projects in the Kingdom. Through the McDermott–SLFE partnership, projects will be executed using an integrated Out-of-Kingdom and In-Kingdom delivery model to achieve efficient execution while meeting Aramco's localization and In-Kingdom Total Value Added (IKTVA) targets. SLFE will play a key role in engineering and client support within Saudi Arabia, while McDermott will lead overall execution planning, governance, and technical leadership through its global engineering centers.
Ashraf Alkhaznadar, President and CEO of SLFE, stated that the company is proud to collaborate with McDermott on this strategic agreement, combining complementary strengths to support Aramco's long-term vision while continuing to develop domestic engineering capabilities.
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