In 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.

http://www.satco.sa/