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24-07-13 0 Hits

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.

Jeddah, Saudi Arabia

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