Al-Nasser to Al-Arabiya: memoranda of understanding for “Namaat Aramco” amount to 90 billion riyals

Aramco CEO Amin Nasser confirmed in an interview with Al Arabiya that Aramco’s growth program will improve sustainability through industrial investments and supply chains, as well as improve sustainability in digital industries.

Al-Nasser revealed that the value of memoranda of understanding that eToday, Tuesday, Aramco signed 22 memoranda of understanding and project agreements under the program “Namaat” is worth 90 billion riyals.

He explained that these signed memorandums will help support the “Namaat Aramco” program, which provides great opportunities for the acquisition of the company, by global and domestic investors, to participate in Saudi Aramco’s strategy to achieve growth and sustainability. future.

Al-Nasser described the “Namaat” program as a way to enable Aramco’s partners to play a key role in increasing value added in the energy and chemicals supply chain.

He said that “our partners can benefit from a wide range of financial and infrastructure incentives through the government’s partner program and these initiatives will help support the program (Namaat) and encourage more investments that improve technical and environmental aspects.”

He added: “The Kingdom is developing and changing in various fields and Saudi Aramco is proud to be an important engine and pillar to enable and support change and development to achieve sustainability and prosperity. “

He expressed his confidence that the sectors targeted by Aramco “will provide great, attractive and rewarding opportunities for all investors and contribute to the development of an industrial system, a world-class business environment and a competitive supply chain within the Kingdom, in addition to creating jobs, so we encourage other companies to participate. “

Read More About: Business News

Leave a Reply