NOV Announces Opening of Regional Headquarters in Dammam, Saudi Arabia - Seite 2

"We are enthusiastic about the opportunities our regional headquarters in Dammam brings," expressed Dr. Adel Badghaish, NOV's Saudi President and Managing Director for the Middle East. "This investment underscores our long-term commitment to the region and our dedication to providing exceptional products and services to our customers. We eagerly anticipate collaborating closely with our partners and customers in the MENA region to drive innovation and deliver value-added solutions."

With its continued expansion in the MENA region, NOV is strategically positioned to drive technology and innovation in the region’s oil and gas industry. The Dammam Asharqia Chamber Tower offers state-of-the-art amenities and a strategic location, making it an optimal choice for NOV's regional headquarters. Its modern facilities and infrastructure will not only support the Company’s growth plans but also facilitate the attraction and retention of top talent from the region.

About NOV

NOV (NYSE: NOV) delivers technology-driven solutions to empower the global energy industry. For over 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.

For more information, visit www.nov.com.

About the Ministry of Investment

The ongoing transformation of Saudi Arabia under the Vision 2030 economic development and diversification plan is unlocking new investment opportunities at an unprecedented pace. The Ministry of Investment of Saudi Arabia (MISA) is facilitating access to these opportunities by developing a vibrant cross-government investment ecosystem, facilitated by Saudi Arabia’s National Investment Strategy.

Through a network of representative offices across the world, MISA partners with businesses of all scales and sizes—from startups to blue-chip multinationals—to help make investing in Saudi Arabia as simple as possible. MISA also plays a leading role in improving Saudi Arabia’s overall business environment by facilitating investment data across regions and sectors, creating investment incentives, spearheading business reforms and opening up investment opportunities.