There are Offshore companies in Saudi Arabia, meanwhile offshore companies are companies that are incorporated in a jurisdiction that is other than where the beneficial owner resides.
That simply means that offshore companies are companies incorporated in a country overseas, in a foreign jurisdiction.
The most confusing term there is the term “Offshore” and it is what often appears confusing to most people.
On the other hand, an onshore company is a company that exists and functions within the borders of a country, but in comparison, an offshore company is an entity that conducts all of its transactions outside the borders where it is incorporated. Read on to see some of the offshore companies in Saudi Arabia.
Wondering why anyone would want to have a company that is located outside their country?
Most people start an offshore company in foreign jurisdictions in order to take advantage of the low or no tax advantages to non-resident companies.
Offshore jurisdictions seek to attract foreign capital by offering low-tax and pro-business legislation to foreign entities and other individuals who are looking for alternative locations.
Offshore companies have been proven to not only benefit from tax advantages but also greater asset protection, more privacy, legal protections, and simple corporate policies.
How Offshore Companies Work
Offshore companies are allowed to trade, hold assets and conduct normal business activities legally outside of the jurisdiction where it is incorporated.
Offshore countries offer tax exemptions to companies that move to or decide to be incorporated within the jurisdiction if they limit their transactions and dealings to the outside of the country’s borders.
Companies that are formed in such offshore jurisdictions are non-residents because they do not conduct any financial transactions within their borders and are owned by a non-resident. See the list of some of the offshore companies in Saudi Arabia.
The list of Offshore Companies in Saudi Arabia
Here are just a few of the offshore companies in Saudi Arabia.
- Zamil Offshore Services Company
- Eram Offshore Services Company
- Arabian Drilling Company
- McDermott Arabia Company Ltd
- Huta Company offshore
- Weatherford Energy Services Saudi Arabia Co. Ltd
- Grey Wolf Oilfield Services KSA Ltd
- Salasel Offshore Marine Services Co.( LLC)
- Hyundai Heavy Industries Co Ltd – Al Khobar
- EV Offshore Ltd. Saudi Arabia
Let us provide more information on these offshore companies in Saudi Arabia.
Zamil Offshore Services Company
Zamil Offshore is a Saudi Private Sector Closed Stock Company affiliated to Zamil Group Holding one of the largest private-sector groups in the Kingdom.
They commenced in 1977 and presently operates a fleet of 75 diversified offshore Support Vessels and still growing. Read more about these companies.
- Address: 3077 9، Al Bandariyah, Al Khobar 34424 9061, Saudi Arabia
- Phone: +966 13 806 8500
Eram Offshore Services Company
Eram Trading was established in Saudi Arabia as a division of Eram Engineering to serve the oil & gas industry.
At Eram Trading, they connect specific products, ideas and extend their support to the contractors and the end-users through their relationships with suppliers, resellers, manufacturers and host companies.
They seek to create value for their parent company as well as their partners, developing a platform for long-term collaboration and success. Find out more about this company.
- Address: 6692 King Faisal Ibn Abd Al Aziz, Al Rakah Al Janubiyah, Al Khobar 34226 5080, Saudi Arabia
- Phone: +966 13 897 9143
Arabian Drilling Company
Established in 1964, the Arabian Drilling Company (ADC) is a Limited Liability partnership between the Industrialization & Energy Services Company (TAQA) which owns 51%, a Saudi Joint Stock company and Services Petroliers Schlumberger S.A. , a global leader in oilfield services which owns the remaining 49%.
Company operations started with only one drilling rig expanded currently to 45 onshore and offshore rigs for gas and oil drilling. Find out more about this company.
- Address: Prince Sultan Road, Al Jawharah، Al Jawharah, Al Khobar 34434, Saudi Arabia
- Phone: +966 13 887 2020
McDermott Arabia Company Ltd
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry.
Their customers trust their technology-driven approach to design and build infrastructure solutions to responsibly transport and transform oil and gas into the products the world needs today.
From concept to commissioning, their expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. It is called the “One McDermott Way.” Find out more.
- Address: 76X5+XG2, Madinat Al Umal, Al Khobar 34441, Saudi Arabia
Huta Company offshore
They are the leading Group providing construction, marine works and industrial services to the energy, infrastructure among other sectors.
They are involved in most of the region’s biggest and most complex projects and facilities, reflecting their position as a leader in their chosen markets. Find out more.
- Address: XX2F+HX7, Dahaban 23861, Saudi Arabia
- Phone: +966 12 622 9510
Weatherford Energy Services Saudi Arabia Co. Ltd
The goal of this company is to address the headwinds that are facing the industry and revolutionize the oilfield with digital technology, integrated solutions, and world-class talent.
From HPHT deepwater wells to narrow pore-pressure unconventional wells, they offer careful planning, expert engineering, and exclusive drilling technologies that help you to safely maximize reservoir exposure. Find out more.
- Address: 728C+CJH, Dhahran 34516, Saudi Arabia
- Phone: +966 13 807 5000
Grey Wolf Oilfield Services KSA Ltd
Grey Wolf International provides safe, efficient and reliable contract land drilling, well servicing and support services to national and international oil and gas companies.
Outside of Canada and the U.S. Precision operates as Grey Wolf International. Grey Wolf International has an established reputation for delivering safe, efficient, and reliable drilling services for its customers. Other international services include:
- Oil and gas drilling
- High pressure, high temperature drilling
- Gas-liquids and heavy oil drilling
- Custom rig configurations and manufacturing
- Completion & Production
Address: ال، Al Thawn, Al Khobar 34632, Saudi Arabia| Phone: +966 13 819 8890
Salasel Offshore Marine Services Co.( LLC)
Salasel Offshore is your one-stop-shop for all your Marine matters. From providing workboats and ships to the recruitment of crew, they are your reliable partner to handle all your marine concerns.
Their core services are Marine Operations Management, Ship Chartering, Consultancy, Crew Management, Logistics and project support.
They specialize in providing exceptional broking services to their clients in offshore oil & gas, wet & dry bulk & subsea industries. Visit their Website.
- Address: Cooperative Council Rd, Al Khuzama, Al Khobar 34718, Saudi Arabia
- Phone: +966 13 869 0069
Hyundai Heavy Industries Co Ltd – Al Khobar
Since its establishment in 1972, Hyundai Heavy Industries has grown into the world’s leading heavy industries company by successfully diversifying from shipbuilding into offshore and engineering, and engine and machinery.
Address: Abdulrahman Aldakhel St, Al Rakah Al Janubiyah, Al Khobar 31952, Saudi Arabia. Phone: +966 13 887 7602. Find out more.
EV Offshore Ltd. Saudi Arabia
EV Offshore Ltd. helps well operators identify, understand, and resolve the most complex of wellbore issues.
They are pioneers, providing a complete and quantified picture to the global oilfield industry. They are The Downhole Visual Analytics Company. Find out more.
- Address: C5RQ+7R2, King Abdul Aziz Seaport, Dammam 32212, Saudi Arabia
- Phone: +966 53 009 0139
Offshore company incorporation offers a number of benefits that give businesses the ability to get global benefits by taking advantage of local conditions.
To find out more about the offshore companies in Saudi Arabia, click on find out more at the end of each review.
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