Worley secures five year Saudi Aramco contract
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- Australian engineering firm Worley secured a five-year project management agreement with Saudi Aramco.
- Shares in the engineering group closed slightly higher following the confirmation of the infrastructure deal.
- The partnership aims to deploy advanced digital capabilities, including artificial intelligence and robotics across energy assets.
Australian engineering group Worley (ASX:WOR) has secured a five-year infrastructure project management contract with Saudi Aramco.
The agreement extends a business relationship between the two entities that has existed for more than 50 years.
"We are pleased to continue our relationship with Aramco of more than 50 years through this agreement," said Worley CEO Chris Ashton.
Under the framework, Worley will join 11 other contractors to deploy digital tools like robotics and artificial intelligence.
Following the announcement, the Worley share price was up at $10.78.
The company stated that the transaction will help integrate technical expertise directly into the partner's capital investment programme.
The contract falls under traditional services as the provider expands its engineering footprint within the Middle Eastern region.
