“TAQA” (Industrialization & Energy Services Company) a leading well solutions provider in the energy industry, and “Petrojet”, a leading regional Engineering-Procurement-Construction (EPC) contractor, signed a Memorandum of Understanding (MoU) for the formation of a strategic alliance to explore and pursue integrated oilfield projects in the AFRICA & the Middle East Regions.

The Alliance will leverage the collective expertise and capabilities of both companies to identify and seize opportunities in various aspects of oilfield development in Africa & Middle East, including early production facilities, engineering, fabrication, and manufacturing of equipment.

The MoU was signed by the Executive Vice President Well Solutions of TAQA and Chairman & Managing Director of Petrojet.

“This strategic alliance is expected to generate significant benefits for both TAQA and Petrojet, enabling capturing new market opportunities, enhancing technical capabilities, and poised to contribute positively to the overall growth for both companies” Amir Nessim, Executive Vice President Well Solutions of TAQA commented.

The signing of the MoU is the anchor for several cooperation between the two companies and was executed during the visit of H.E Mr. Majid Al-Qasabi Saudi Arabia Commerce Minister to Egypt.