Saudi Arabian Trading and Construction Company (SATCO)
DescriptionIn 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.