EEI, Samsung Engineering To Join Saudi Projects

EEI Corporation, one of the country's leading construction companies, recently signed a Memorandum of Understanding (MOU) with Samsung Engineering NEC Co. Ltd. (SENEC) in the Kingdom of Saudi Arabia (KSA) to collaborate and work on projects based in the country and to further expand overseas work opportunities for Filipinos.

To fulfill manpower requirements for various projects in the Philippines and abroad, EEI is currently constructing a 500-person training facility in Tanza, Cavite, with the aim of upgrading labor skills in the fields of masonry, carpentry, electrical, welding, equipment management, warehousing, steel fabrication, and other construction-related crafts. I Photo: Oracle

The MOU signing held in Riyadh, Saudi Arabia, was signed by EEI President and CEO Henry D. Antonio, SENEC CEO Mohamed Neffati, SENEC Board Member MinSu Ko and witnessed by President Ferdinand R. Marcos Jr.

Through the MOU, EEI and SENEC committed to work together and mutually explore opportunities to meet and fulfill the development objectives of KSA.

The MOU includes both parties' obligations and commitments to the business relationship, including having the support of Filipino manpower mobilization to KSA, further expanding overseas work opportunities for Filipinos.

Both companies recognize the skills, tenacity, adaptability, and resilience of Filipino overseas workers. SENEC is a joint venture company of Samsung Engineering and Al Rushaid Petroleum Investment Corporation.

It aims to provide engineering, procurement, and construction services initially within KSA and into other markets at a later stage.

EEI has been present in KSA since 1993 through Al Rushaid Construction Company Limited (ARCC), the joint venture company of Al Rushaid Petroleum Investment Corporation and EEI Limited, a wholly-owned subsidiary of EEI.

ARCC engages in general construction and has participated in various major developments in KSA, particularly in the construction of refineries and petrochemical plants, power and desalination plants, mining, and industrial facilities.

As one of the largest Saudi-Filipino joint ventures in KSA, ARCC has been instrumental in providing vast overseas employment opportunities for Filipinos over the last thirty years. Currently, ARCC employs 4,965 Filipinos among its 8,341 workforce and is set to add more with the EEI-SENEC partnership.

"EEI remains to be a champion for job generation not just in the Philippines but also overseas. With our commitment to various projects that are considered of national prominence in the Kingdom of Saudi Arabia, we are going to need sets of skilled and hardworking Filipinos who are recognized all over the world for embodying strong work ethics. We look forward to empowering fellow Filipinos and helping benefit their families and loved ones too through these employment opportunities. EEI has been present here in Saudi Arabia since 1993, and because of this fruitful joint venture, we are preparing for the labor needs that will arise for several upcoming projects lined up here in Saudi," EEI President and CEO Henry D. Antonio says.

To fulfill manpower requirements for various projects in the Philippines and abroad, EEI is currently constructing a 500-person training facility in Tanza, Cavite, with the aim of upgrading labor skills in the fields of masonry, carpentry, electrical, welding, equipment management, warehousing, steel fabrication, and other construction-related crafts.

In 2024, the facility is targeting to train at least 2,000 Filipinos a year and more than 15,000 workers in the next five years.

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