Here's a look at deals Saudi Aramco signed this week

Saudi Arabia’s national oil firm Saudi Aramco signed on Wednesday a number of agreements with local and foreign companies during its 2017 In-Kingdom Total Value Add (IKTVA) SMEs Forum and Exhibition, with most deals focused on Aramco’s program to promote local manufacturing.

Agreements worth at least SAR 39 billion ($10.4 billion) were signed, according to a Reuters report.

The IKTVA forum offers over 140 investment opportunities in localization, valued at over $16 billion, to local industries in the energy sector, Aramco said in a statement.

Argaam takes a look at the key deals signed by Saudi Aramco:

- Gulf Steel Works (GSW) said it won a contract valued at almost SAR 375 million to supply Saudi Aramco with oil and gas platforms.

- Canada’s SNC Lavalin said it inked a pact to create and accelerate opportunities for the local workforce. At present, it employs 10,000 people in the country.

- An agreement worth SAR 6 billion was said to be signed with US drilling and oil service company Schlumberger.

- China’s Sinopec inked a MoU to promote Aramco’s localization drive.

- Aramco and Saudi Industrialization & Energy Services Company (TAQA) signed a MoU.

- Zamil Offshore, a 100-percent Saudi company working in diversified business field, inked a pact to promote localization efforts.

- Aramco signed an agreement with Riyadh-based Advanced Electronics Company.

- Saudi Oilfield Processing Co. signed a pact under the IKTVA program.

- JESCO, a Saudi-based company, signed a MoU to promote the SME sector.

- Saudi Aramco and the Eastern Province Young Businessmen Council joined hands to promote localization.