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Eye of Riyadh
Eye of Riyadh
The Industrialization & Energy Services Company (TAQA)

The Industrialization & Energy Services Company (TAQA)

Listed in :
Business & Money > Water & Power

The Industrialization & Energy Services Company (TAQA) was established by Ministerial Decree in May 2003 and obtained its commercial registration later that year. TAQA is a Saudi Joint Stock Company and has been endorsed by the Ministry of Petroleum & Mineral Resources since its inception and during its formative stages. TAQA is owned 45% by the Saudi Government, while the remaining 55% is owned collectively by Joint Stock Companies and several private and industrial investors representing a cross-section of the Saudi industrial community. The Government’s share through the Public Investment Fund (PIF) was contributed in-kind by transferring from Petromin to TAQA the Government’s 51% ownership in the Arabian Drilling Company (ADC) and the Arabian Geophysical and Surveying Company (ARGAS). The balance of TAQA’s share capital was contributed in cash by the other Saudi investors. TAQA’s share capital was increased in May 2006 from SR 533 million to SAR 2,000 million. The company’s main objectives are to localize industry, transfer technologies, increase local content and create employment opportunities for Saudi nationals. While serving as a platform to attract equity partners and to form strategic alliances, TAQA plays the role of a project developer. Its broad charter allows the company to participate in a spectrum of activities including oil and gas exploration and drilling, conducting geophysical surveys and establishing a wide range of industries and services in support of oil and gas, metals, petrochemicals, mining, electricity and water sectors, either directly or by forming specialized subsidiaries.

Contact The Industrialization & Energy Services Company (TAQA)

Post Your Comment (View 4 Comments)
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Mohamed Rafic Friday 25 December, 2020 10:49 pm
Dear sir,
We would like to introduce ourselves as we are leading general contracting Est. Named as E-Growth.
Kindly view our website to know more about our business activities.
Any query [email protected]

With Regards
Mohamed Rafic
Syed Muhammad Hassan Wednesday 8 July, 2020 2:50 am
Dear Sir,
Greetings.......!!! Hope you are doing well.
First of all, I would like to introduce again myself. I am Syed Mohammad Hassan, currently serving LANDSEA TRADING & CONTRACTING CO. LTD., as Business Executive of Manpower under Industrial Support Service Division (ISSD).

Sir, We are having more than 500 own employees in different streams ranging from QC managers to Helper, and ensuring that we can full fill any of your manpower requirements with in short span of time with qualified candidat
Nishat Ahmed Siddiqui Wednesday 8 January, 2020 10:38 pm
request enroll among the vendors of the skilled manpower supplier, specially with regards to welders.
Nishat Ahmed Siddiqui Wednesday 8 January, 2020 10:35 pm

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