Saudi Arabia's Oilfield Business is Still Strong
PROVEN SAUDI ARABIA Announces Their Expansion Into the Saudi Oil Region of Khobar due to an increase in business demand
- PROVEN SA announces expansion into Khobar
- PROVEN SA announces Q1 positive growth reported in the GCCs Oil and Gas sector
- PROVEN to host a networking event exclusively for Oil and Gas professionals at OFG (Oilfield Get Together) the popular monthly Oilfield networking event on Thursday, 25th May at Ruth’s Chris Steakhouse
KSA, May 16: 2017: PROVEN SAUDI ARABIA, the leading business support services provider for the Kingdom announces their expansion into Al Khobar. Located in the Eastern Province of Saudi Arabia, Al Khobar is where the majority of Saudi Arabia's oil production takes place. The expansion reflects that the Saudi Arabia oilfield industry is anything but dried up, despite reports on oil price fluctuations and Saudi Arabia’s recent plans to diversify the economy away from oil.
PROVEN SA reports from Q1 2017, have shown that there is growth in the oil sector in the GCC. This is evident across various sectors, with reports in January of this year that Monster.com saw a 34% increase in online recruitment for the Saudi oil and gas sector. It was recently announced that Saudi Aramco has taken 100% control of Port Arthur, America’s largest oil refinery. In April, Aramco, the Kingdom of Saudi Arabia's state-owned oil company signed two separate Memorandums of Understanding with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi’s renewable energy company. The MOUs cover an energy and technology collaboration in renewables and carbon management.
Located in Saudi Arabia, Dubai, London and the US, Proven SA deliver business solutions such as corporate immigration, employee outsourcing and recruitment to an international client base operating within the KSA. In Q1 2017, PROVEN SA reported an 150% increase in demand for their services from companies operating in the Saudi energy sector, looking to affiliate with a reliable local Saudi partner. Neal Carley, the Business Development Director of Proven SA said “To answer the growth and demand of our clients in the Easter Province and to provide better on-ground support, Proven has recently opened an office in Al Khobar. Since expanding into both Jeddah and Al Khobar regions we have seen an increase in foreign owned companies seeking more compliant solutions to company formations and how they manage their human resources and payroll in Saudi Arabia.”
To mark the expansion into Al Khobar, Proven SA will host a networking luncheon exclusively for Oil and Gas professionals on Thursday, 12th May from 12.30 to 3.00 PM at Ruth’s Chris Steak House in collaboration with OFG who are the creators of the UAEs leading Oilfield monthly networking event.
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