Saudi Ministry of Education to showcase innovations at 2025 Geneva International Exhibition    7,523 violators of residency, labor, and border security laws deported in a week    Video contradicts Israeli army account of deadly March 23 strike on Gaza paramedics    Saudi Arabia spends over $241 million to implement de-mining projects in 3 countries    Italy's Meloni government approves controversial security decree expanding police protections and penalties    Egypt submits new Gaza ceasefire and prisoner exchange proposal: Report    'Everything is possible' — Ronaldo focused on titles, not 1,000-goal milestone after Riyadh Derby win    Saudi, US military leaders discuss enhanced defense cooperation in Riyadh    King Salman Global Academy for Arabic Language launches program with Indiana University    Ronaldo brace powers Al Nassr past Al Hilal in Riyadh derby thriller    Ed Sheeran weaves Persian music into new song, Azizam    Al-Jadaan: Crown Prince's directives confirm government's ability to bring back balance to real estate market    Veteran Bollywood actor Manoj Kumar dies at 87    Foreign investors are allowed to engage in real estate business outside Makkah and Madinah Commercial speculation should not be the purpose of real estate transaction    Aubameyang fires Al Qadsiah into King's Cup final with stoppage-time winner over Al Raed    Musk's X is suing India, as Tesla and Starlink plan entry    Tesla sales plunge after backlash against Elon Musk    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Screen time in bed linked to insomnia, study finds    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Aramco enhances investment opportunities for Kingdom's economic development
Published in The Saudi Gazette on 20 - 03 - 2019

Through its participation in the two-day Al-Hasa Investment Forum organized by Al-Hasa Chamber of Commerce and Industry, Saudi Aramco aims to pave the way for increased domestic and international investment, promote the national economic diversification programs and create more job opportunities in alignment with Saudi Vision 2030.
Al-Hasa Investment Forum kicked off Thursday under the patronage of Prince Saud Bin Naif, Emir of Eastern Province; with the attendance of Prince Badr Bin Muhammad Bin Jalawi, governor of Al-Hasa and head of the higher committee organizing the forum; Minister of Energy and Mineral Resources Khalid Al-Falih; and Amin H. Nasser, Aramco president and CEO.
Al-Nasser said that the growth prospects of Al-Hasa within Saudi Vision 2030 are promising. Placing Al-Hasa on the UNESCO list of World Heritage and its selection as the Capital of Arab Tourism 2019 are testimony that these achievements generate positive movement on several levels and enhance the attractiveness of Al-Hasa.
In the field of localization of industries and services, Nasser said that the company has recently commenced the establishment of King Salman Energy Park (SPARK), located between Al-Hasa and Dammam. This mega project and pioneering park will be an ideal environment for attracting local and global investments and for creating more jobs for Saudi people.
Nasser mentioned that Al-Hasa has a wealth of resources of unconventional gas that includes a high percentage of liquids, and that Saudi Aramco is currently developing these resources.
"As part of Saudi Aramco's investment plan, we will start a new phase of the Jafura gas plant construction next year. This is a huge plant that will produce sales gas, ethane, condensate and natural gas liquids. The plant is part of Saudi Aramco's plan to produce 3 billion standard cubic feet of unconventional gas over the next decade," he said.
Nasser also announced Saudi Aramco's plans to establish a large and modern women driving school in Al-Mubarraz. The center is expected to train several thousand women candidate drivers annually. It will be managed by qualified Saudi women, and it will train both Saudi Aramco female employees and Saudi women in general.
Saudi Aramco, through its exhibition stand, highlighted investment opportunities in energy related services. A special section with relevant guidelines for investors wishing to invest in Saudi Aramco operations was provided. The section promoted the goals of the In-Kingdom Total Value Add Program (IKTVA), which enhances localization, reduce costing, build a world-class supply chain and strengthen the Company's potential to fulfill its commitments to its customers around the world.
Al-Hasa Investment Forum is a platform for enhancing investment in Al-Hasa through highlighting investment opportunities in the public and private sectors as well as shedding light on its key components and comparative advantages. Participants will discuss investment opportunities in energy industry; conversion industries; healthcare; housing and real estate development; education and training; and the overall investment climate in Al-Hasa. — SG


Clic here to read the story from its source.