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

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, Procurement and Supply Deputy Director Mohammed bin Ayed al-Shamri was quoted as saying.