The Saudi oil giant, Aramco, has announced that it will submit offers worth 60 billion riyals ($ 16 billion) to small and medium-sized companies in the Kingdom, according to Al-Arabiya.

The Saudi website quoted Mohammed bin Ayed Al-Shammari, vice president of procurement and supply chain management, as saying that Aramco is working with the government to enhance cooperation with small and medium enterprises, allocating about 170 billion Riyals annually (about $ 45 billion) to spend on goods and services.

Aramco announced early April the appointment of banks, prior to the issuance of the first distributor of multi-tranche dollar bonds, and it is expected that the Saudi company will use the bonds to help finance its acquisition of a stake in a company. SABIC.

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