Falih emphasized that one of the nation's priorities is to enhance the domestic private sector's ability to provide an increasing amount of local content in our large-scale projects. "As such, there is room for many different organizations from many different sectors to participate, particularly if they adopt a far-sighted approach to their investment decisions." Looking further over the horizon, he explained that the long-term vitality of the domestic economy depends on the cultivation of a more highly skilled workforce and that Saudi Aramco has a long history of training and human resource management. "Saudi Aramco is addressing the long-term challenge of talent development by spearheading the creation of the King Abdullah University of Science and Technology to produce future leaders in scientific and technological fields, as well as strengthen the country's research and technology capabilities," he added. The senior vice president told delegates that the company shares the world's concern regarding potential climate-change impacts, and we want to play a leading role in developing and implementing technological solutions to reduce greenhouse gas emissions. "In this regard, Saudi Aramco is also partnering with a number of leading research institutes and technology developers worldwide to introduce new environmental technologies such as carbon capture and sequestration, and new flue gas and crude desulphurization technologies," he was quoted as saying in a report carried yesterday by Saudi Aramco's web-site. In his concluding remarks, Al-Falih expressed optimism by saying that "This is an exciting time for us at Saudi Aramco, and for the Kingdom as whole, given the scale of the challenges we face and the goals we have set for ourselves. But that excitement and determination will continue to grow as we realize those objectives and we, our partners, and consumers in the Kingdom and around the world begin to reap the benefits of our joint efforts."
