Saudi Aramco plans to invest around $120bn over the next 5-6 years in developing projects in the oil and petrochemicals sectors, the company's chief executive told Arabiya TV. The company plans to spend $60bn on the oil sector, while the remaining investement would be for the development of petrochemcial projects and foreign investments, said Khalid al-Falih. 'Over the coming five to six years the total investment for Saudi Aramco will be around $120bn,' he said. 'Funding investments for our other projects comes from joint ventures, loans and individual Saudi investors.'
You might also like...
TotalEnergies to acquire remaining 50% SapuraOMV stake
26 April 2024
Hyundai E&C breaks ground on Jafurah gas project
26 April 2024
Abu Dhabi signs air taxi deals
26 April 2024
Spanish developer to invest in Saudi housing
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.