Oil and gas windfall will help fund the government’s share of investments
despite its heavy capital expenditure
Saudi Vision 2030
Saudi Aramco asks banks to submit proposals for IPO roles
The initial public offering has been delayed multiple times, but appears to be back on track
Saudi Arabia’s PIF has assets worth $300bn, says IIF
The Public Investment Fund plans to have $400bn in assets by 2020, and $2tn by 2030
Saudi Arabia’s privatisation push slows as oil prices rise
Mitsubishi UFJ Ginancial Group’s Middle East and North Africa unit says privitisations could exceed $350 bn in five years.
Aramco, Korea Trade-Investment Promotion Agency ink MoU to boost partnership
Under the MoU, working groups between Saudi Aramco and KOTRA — by and through both parties’ subsidiaries — will be established to collaborate in the areas of trade, investment, and human resources development.
Aramco to plant one million trees native to Saudi Arabia by 2025
The ‘Saudi Aramco Environmental Initiative for Planting One Million Trees’ follows the company’s successful project of planting two million mangrove trees along the shores of the Arabian Gulf coast, which was completed in 2017.
Aramco empowers local capabilities with $6.93bn purchase agreements for pressure vessels
The purchase agreements, signed on 1 May 2018, will focus on the supply of pressure vessels by local manufacturers, mandated under IKTVA goals as well as to actively pursue Saudisation targets.