Saudi Aramco's Recent Investments

Expansion Projects: Saudi Aramco is investing approximately $20 billion into upstream and downstream projects this year. This includes the development of new oil fields in the Eastern Province and an expansion of refining capabilities in both local and international markets.

Technology Integration: The company is also investing in AI and digital technologies to enhance exploration and production efficiency. They have launched a new AI-driven system to optimize reservoir management.

Progress on Saudi Vision 2030

NEOM City: NEOM, the $500 billion mega-city project, is making significant strides. Recently, the first phase of the infrastructure development, including transport and energy systems, has commenced. The project's goal is to create a global hub for innovation, with a focus on sustainable living.

Tourism and Entertainment: The Red Sea Development project, which aims to build a luxury resort area across 28,000 square kilometers, is 30% complete. Additionally, the Qiddiya entertainment city is progressing with the construction of its theme parks and cultural centers.