Namaat investment programmes expanded

The Saudi Arabian Oil Company (Aramco) has announced a major expansion of its Namaat industrial investment programmes, with 55 agreements and MoUs across the sustainability, digital, industrial, manufacturing and social innovation sectors. Namaat, which has grown from 32 to 55 investments since last year, supports industrial investment partnerships, helping to create jobs for Saudis and contributing to national growth and capacity building.

Ahmad Al-Sa’adi, Aramco senior vice president of technical services, says: “Namaat enables Aramco to be a catalyst for change across the Kingdom’s economy, while maintaining our reliability as a global energy supplier at a time of market uncertainty. Our collaboration with industry leaders in areas of strategic importance for the Kingdom, demonstrates how Aramco is creating national champions that will bring long-term benefits to our value chain, economy and people.”
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