Italy's Maire Tecnimont lands $500m petchems contract in Saudi Arabia
“We are really enthusiastic to start a new valuable relationship with such a prominent client in one of our historical and most strategic markets in the petrochemicals sector," Maire Tecnimont's group chief executive, Pierroberto Folgiero, said. “This important result represents another significant milestone of our Gas Monetization strategy, enabling us to be geared up for Saudi Arabia’s large wave of investments in downstream.” Milan-based Marie Tecnimont saw its revenue decline by 20 per cent to €2.56 billion ($3.06bn) as the pandemic had "significant negative impacts on operation...
Source: thenationalnews.com