Oilfield equipment maker GulfTek inaugurated a new manufacturing plant in Dammam, Saudi Arabia, under Saudi Aramco's IKTVA program, with USD 20 million committed and a further USD 30 million planned over five years. The site adds 23,000 square metres, bringing production area to about 45,000 square metres.

Dussur, Saudi Aramco and Doosan Heavy Industries announced a joint venture to build a 60,000-ton-per-year casting and forging facility in Ras Al Khair, Saudi Arabia, creating about 1,400 direct jobs, with operations expected in Q1 2025.