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Saudi Energy Forum 2006

Saudi Energy Forum 2006. David King Sr. Vice President - Eastern Hemisphere. Market Status & Outlook. Intermediate and Long-term Demand for Goods and Services. Huge Investment Opportunities Worldwide Sustainable Economic Growth Makes Saudi Arabia Attractive. Worldwide. Middle East.

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Saudi Energy Forum 2006

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  1. Saudi Energy Forum 2006 David King Sr. Vice President - Eastern Hemisphere

  2. Market Status & Outlook Intermediate and Long-term Demand for Goods and Services • Huge Investment Opportunities Worldwide • Sustainable Economic Growth Makes Saudi Arabia Attractive

  3. Worldwide Middle East Market Status & Outlook Halliburton Spending for In-Country Goods, Materials and Services Middle East vs Worldwide 8% 92%

  4. Services Electroplating Relining Inspection Survey services Misc. services 60% IK GCC Localization Halliburton Saudi Spending IK vs GCC Goods, Materials & Services 40% Goods & Materials Services Services Goods/Materials Line Pipe & Fittings Valves Drilling Tubes Pumps Specialty Chemicals Wire Line Tools Oil Field Spare Parts Mechanical Seals 25% 34% 66% 75%

  5. Localization How we can bring more Service Companies spending to Saudi Arabia • Source and instigate local suppliers to explore the possibilities of setting up IK operations. • Convince GCC suppliers to set up IK basis. • Operators can facilitate road shows that highlight IK energy sector needs

  6. Opportunities/Challenges Increased Manufactured Goods & Services IKArabian Rock Bits Drilling tools Ltd (ARDT)

  7. Opportunities/Challenges Increased Manufactured Goods & Services IKBaroid Saudi Arabia (BSA) Facility

  8. Opportunities/Challenges How to Expand Saudi Supply • Price incentives and volume uplifting guarantees. • Quality of IK products and services must match imports based on pre-set standards. • After sales services.

  9. Reflections / Lessons Learned Catalysts For Localization: • Easing of trade rules and regulations IK (Free trade zone). • Allow service companies to import trade goods directly. • Training and knowledge transfer throughout the community. • Maximize IT utilization Barriers For Localization: • Large number of fragmented small and medium sized firms • Lack of enough skilled labors

  10. Thank You

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