Saudi Arabian Trading and Construction Company (SATCO)

imran farooq

0321541590

Posted on 30th Jul 2013

Price: On Request

Location: Abingdon Virginia, Virginia United States

In 1975, the Saudi Arabian Trading and Construction Company
(SATCO) started its operations by representing foreign companies in
Saudi Arabia, covering sectors in construction, landscaping, catering,
airports support services and systems control. A few short years after
its inception, SATCO witnessed the construction boom of Saudi Arabia and
took full advantage by forming joint ventures with the foreign
companies it had been representing. The growth in Saudi Arabia ended in
1985 and many of the companies in the region, including SATCO’s foreign
partners, exited. SATCO reorganized by acquiring the JV’s assets and
transferring their employees into divisions of SATCO. By effectively
absorbing the foreign expertise and knowledge from its JVs, SATCO became
an operating company.

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