April 6, 2019 / 10:21 AM / 16 days ago

Saudi Aramco to offer $16 billion in contracts to small, medium businesses: Arabiya

FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo

DUBAI (Reuters) - Saudi Aramco will offer 140 contracts worth 60 billion riyals ($16 billion) to small and medium-sized enterprises (SMEs) in the kingdom, the Al Arabiya TV website reported on Saturday.

Aramco is working with the government to boost cooperation with SMEs as it spends 170 billion riyals on different services a year, Mohammed bin Ayed al-Shamri, deputy director of procurement and supply, was quoted as saying.

Reporting by Aziz El Yaakoubi; Editing by Mark Potter

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