IK Saudi is Saudi JV -based Company and has a manufacturing facility at Dammam second industrial city, IK-Saudi vision to be the premier pipe & pipeline intervention solutions & technologies in Saudi and the Middle East.
The company is well positioned to address the current market gap in Saudi Arabia for engineered utility scrapers and bespoke world-class solutions for pipelines in Saudi Arabia and the Middle East.(Hot tapping, Hot Bolting, Hydrostatic Testing , Sub Sea Turn around and repair solutions.
The company achieved a significant milestone by having Saudi Aramco Entrepreneurship Ventures as a strategic investor into IK-Saudi.
IK-Saudi is developing its KSA operation & achieves its growth plan while securing the following strategic benefits:
• Technology transfer - IK is introducing technologies and services which are offered in Europe but are not available in KSA or in the wider Middle East region. This includes testers as well as hot tapping tools, line stopping tools and methods, freeze plugs and various other intervention methods.
• Commercialize Technologies - IK is collaborating with Saudi Aramco and other entities in Saudi Arabia to introduce new technologies that fit the local conditions.
• Domestic supplier - IK’s operations and manufacturing facilities are the first of their kind based in Saudi Arabia. This will enable IK clients to access best in class products and services at low cost and in a time efficient manner.
• Local employment - IK’s ambition is to grow with clear plan to hire and train Saudis to for both technical and key operational jobs.