BIZARRE: 16 | Mind Blowing Facts

Saudi Arabia Announces $6.4 Billion Investments in Future Tech

Saudi Arabia has launched investments worth $6.4 billion in future technologies, the Saudi minister of communication and information technology said on Tuesday, as the Kingdom races to diversify its economy from oil. The investments announced on Tuesday include a $2 billion joint venture between eWTP Arabia Capital, a fund backed…

Asharq Al-Awsat · Feb 1, 2022

Aramco CEO Says Energy Transition ‘Not Going Smoothly’

Saudi Aramco Chief Executive Amin Nasser said on Thursday that investment in oil and gas was needed to run alongside new energy investments until the latter can realistically support rising consumption. “We all agree that to move towards a sustainable energy future, a smooth energy transition is absolutely essential, but…

Asharq Al-Awsat · Jan 28, 2022

Saudi Joint Team to Ensure Implementation of Industrial, Energy Projects

Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef revealed that the Ministry of Energy and Saudi Aramco are working closely to create a joint team and ensure that related projects are progressing appropriately, including those of the “In Kingdom Total Value Add” (IKTVA) program for the supply sector.…

Asharq Al-Awsat · Jan 26, 2022