ABB puts oil and gas turnkey projects arm into joint venture with Arkad

ABB is placing its oil and gas turnkey projects unit into a joint venture majority owned by Saudi Arabia's Arkad Engineering & Construction. The company did not disclose financial details of the transaction, which was announced on November 6, 2017.

“Swiss engineering conglomerate ABB is putting its turnkey projects arm for the oil and gas industry into a joint venture majority owned by Saudi Arabia's Arkad Engineering & Construction”reuters.com

• 1 source
• reuters.comABB teams up with Saudi firm Arkad for turnkey oil and gas projectsNov 6, 2017

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