00:00 Saudi Aramco has taken a major step with an Emirati company, Aljarafat Bahariya, and a
00:07 subsidiary of it, to complete one of the projects, for contracts related to Aljarafat Bahariya.
00:15 Of course, we are talking about these contracts and their future.
00:19 These contracts take three years of work.
00:21 The beginning of the project to replace the Anabib-Bahari line, which costs up to $520 million.
00:28 The second contract is also related to two projects to develop marine production facilities,
00:34 including a project for the production of medium-sized Arabian carp, worth up to $1.3 billion.
00:41 If we look at Aljarafat Bahariya's contribution to the Abu Dhabi market,
00:45 since the beginning of the year, it has been 3% below the 100% mark,
00:49 although the company has been carrying a lot of positive news.
00:52 But in most public works, there was a positive movement, but it was horizontal.
00:58 And the profit is considered cheap for Aljarafat, about nine times.
01:03 This is perhaps the beginning of the way to open up to investment in this type of company.
01:08 The project will take three years, and therefore it will later define the financial work,
01:13 financial rules and financial impact.
01:16 So this was the most prominent project planned between Aramco and Aljarafat Bahariya.
01:22 [BLANK_AUDIO]
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