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Eye of Dubai
Business & Money | Sunday 25 February, 2024 8:51 am |

NOV Announces Opening of Regional Headquarters in Dammam, Saudi Arabia

NOV Inc. (NOV), a leading provider of technology and equipment for the global energy industry, announced the establishment of its regional headquarters in Dammam, Saudi Arabia. The regional headquarters further emphasizes NOV's commitment to the region and to delivering exceptional products, services, and solutions to its valued customers in this vital market.


Situated at the prestigious Dammam Asharqia Chamber Tower, the facility will serve as a pivotal hub for NOV's operations in the Middle East and will house a talented team of executive leadership, engineers, and professionals’ functions. By consolidating these crucial functions in Dammam, NOV aims to enhance operational efficiency, foster closer collaboration with regional stakeholders, and further strengthen its market position.


To commemorate the establishment of NOV’s regional headquarters, a special ceremony was hosted by Excellency Khalid Al-Falih, the Minster of Investment and attended by Mr. Clay Williams, Chairman, President and Chief Executive Officer of NOV. The event, held in Riyadh highlighted the collaborative efforts between NOV and the Ministry of Investment, underscoring a shared vision for driving economic growth, fostering innovation, and cultivating a thriving energy ecosystem in the region.


“The decision by NOV to set up a regional headquarters in Saudi Arabia is testament to the world-class infrastructure and human capital in the Kingdom and its role as a leading international energy hub. The contributions made through the regional headquarters program are instrumental in bolstering Saudi Arabia’s role as a catalyst in economic development across the Gulf and the broader Middle East,” stated HE Khalid Al-Falih, Minister of Investment.


"Eastern Province is an ideal location for NOV's regional headquarters due to its strategic positioning within MENA, its substantial presence in Oil and Gas operations, and its thriving business environment," remarked Clay Williams, Chairman, President and Chief Executive Officer of NOV. "This will assist us in better serving our customers, enhancing our responsiveness, and fortifying our market standing in this critical region."


"We are enthusiastic about the opportunities our regional headquarters in Dammam brings," expressed Dr. Adel Badghaish, NOV's Saudi President and Managing Director for the Middle East. "This investment underscores our long-term commitment to the region and our dedication to providing exceptional products and services to our customers. We eagerly anticipate collaborating closely with our partners and customers in the MENA region to drive innovation and deliver value-added solutions."


With its continued expansion in the MENA region, NOV is strategically positioned to drive technology and innovation in the region’s oil and gas industry. The Dammam Asharqia Chamber Tower offers state-of-the-art amenities and a strategic location, making it an optimal choice for NOV's regional headquarters. Its modern facilities and infrastructure will not only support the Company’s growth plans but also facilitate the attraction and retention of top talent from the region.


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