Egypt becomes Saudi Arabia’s TAQA gateway for expansion in MENA

Egypt became one of Industrialization and Energy Services Company’s( TAQA) key hubs and its gateway for expansion in the Middle East and North Africa region, according to a press release.

This came after TAQA’s previous acquisition of  Al Mansoori Petroleum Services (AMPS), with the aim of expanding its business in the Egyptian market via 27 Egyptian companies as well as providing oil excavation and exploration solutions.

Founded in 2003, TAQA is a privately held Saudi joint-stock company with regional offices in Dhahran and Abu Dhabi, providing products and well solutions to its clients around the globe.

It is worth noting that the Saudi Public Investment Fund (PIF) holds a 54% stake in TAQA’s shares.