Riyadh – Mubasher: The Saudi Arabian Oil Co, known globally as Saudi Aramco, has set around 140 investment opportunities in nine industrial sectors with a total value of $16 billion, the oil giant’s senior vice president of upstream said.
Set to commence over the coming period, the would-be investments will be pumped into different sectors, including the chemical industry, along with natioanalising the production of local commodities, Mohammed Al Qahtani added.
The top official’s statement came on the sidelines of the two-day Al-Hasa Investment Forum.
“The growth prospects of Al-Hasa within Saudi Vision 2030 are promising,” Aramco CEO Amin Nasser said.
Al-Hasa also has a large number of unconventional gas which comprises a high percentage of liquids, Nasser added.
