Italian company Maire announces $2 billion contract in Saudi Arabia

Italy's Maire Tecnimont SpA said on Saturday that it has received new petrochemical contracts in Saudi Arabia worth $2 billion.

The two contracts will allow the expansion of petrochemical activities at the Satorp refinery, a joint venture between Saudi Aramco and France's TotalEnergies, the Italian company said in a statement.

The new contracts mean $2.8 billion in new order intake for Maire so far this year, the company said.