Aramco President: We achieved $6 billion from our technology investments in two years
Aramco President M. Amin Nasser: Aramco has achieved a value of up to $6 billion within two years of our investments in technology.
He added during a dialogue session at the Future Investment Initiative: Aramco aims to pump two billion dollars into its technical arm over the next three years.
Increasing gas business
He pointed out that Aramcois working to increase its gas business by 60% over the next five years, adding: "We devote huge investments to technology and digitization, and we achieve strong added value from this"
He pointed out that everyone is looking for more energy, and demand is strong, noting that Aramco continues to work on developing the sectors of renewable energy and converting oil into chemicals.
Al-Nasser added that oil and gas will remain an important part of the global energy mix.
Al-Nasser revealed that by 2030 data centers will consume 4. Many times the energy consumed by cars.
Al-Nasser explained that Aramco is an essential pillar of Saudi Vision2030, and we are working on the hydrocarbon sector, renewable energy, and local content.
The ninth edition of the Future Investment Initiative conference was launched yesterday, Monday, at the King Abdulaziz International Convention Center, under the slogan "The key to prosperity"It will continue until October 30, 2025, under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud – may God protect him.
The conference will witness a variety of sessions that will address vital topics such as: the impact of artificial intelligence and robotics on productivity, in addition to wealth creation in light of growing inequality, the geoeconomic impacts of resource scarcity, and the demographic shifts that are reshaping power. future workforce, as well as strategies for achieving a balance between economic growth and environmental sustainability.
The conference attracts more than (8000) participants and (650) prominent speakers through (250) dialogue sessions; Which strengthens Riyadh’s position as a leading global center that brings together leaders and innovators from various countries of the world. To transform visions into practical strategies that shape the future of investment.
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