Saipem completed the sale of its entire holding in Saudi Arabian Saipem Limited to ADES Saudi Limited Company. The transaction announced in June closed after regulatory approvals and customary conditions were satisfied.
The business operates three owned and two leased jack-up drilling rigs. A separate bareboat charter allows Saipem to continue using Perro Negro 10 in ongoing Mexican operations. This is a business divestment rather than a new EPC construction contract.
Investment commitments reported at end-June were 141 percent higher than in 2021. Oman also outlined port cargo, refinery capacity and dry-dock activity.
The platform will focus on the Qatar Investment Authority’s local portfolio. The government also outlined five-year expectations for US$38.5 billion in infrastructure projects and US$22.5 billion in private investment.
Ministry of Foreign Affairs of the State of Qatar4 min read
Total value rose 13.1 percent in the first half of 2026, while non-oil exports increased 23.9 percent. The figures also show a higher export share within total trade.
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