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Saudi Arabia Infrastructure “Projects Galore”
Disclaimer & Disclosure By accepting this publication you agree to be bound by the foregoing terms and conditions. You acknowledge that KFH Research Limited (“KFHR”) is part of the worldwide Kuwait Finance House Group of subsidiaries and affiliates (KFH Group), each of which is a separate legal entity. KFHR alone is responsible for this publication and for the performance of related services and/or other obligations. The recipient agrees not to make any claim or bring proceedings as regards to this publication or related services and obligations as against any other entity within the KFH Group, or any of their subcontractors, members, shareholders, directors, officers, partners, principals or employees. KFHR has prepared this publication for general information purposes only and this does not constitute a prospectus, offering document or circular or offer, invitation or solicitation to purchase, subscribe for or sell any security, financial product or other investment instrument (“Investments”), or to engage in, lead into, conclude or refrain from engaging in any transaction. In preparing this publication, KFHR did not take into account the investment objectives, financial situation and particular needs of the recipient. Before making an investment decision on the basis of this publication, the recipient needs to make its own independent decision, preferably, with the assistance of a financial and/or legal adviser, in evaluating the Investment in light of its particular investment needs, objectives and financial circumstances. Any Investments discussed may not be suitable for all investors; there are risks involved in trading in or dealing with Investments and it is highlighted that the value, yields, price or income from Investments may go up or down. -
Saudi Arabia Land of Opportunities
SAUDI ARABIA LAND OF OPPORTUNITIES INDUSTRIAL INVESTORS GUIDE My first objective is for our country to be a pioneering and successful global model of excellence, on all fronts, and I will work with you to achieve that The Custodian of The Two Holy Mosques King Salman bin Abdulaziz Al Saud Contents Saudi Vision 2030 8 16 Why Saudi Arabia? 40 Industrial Clusters (IC) Saudi Vision 2030 8 Saudi Arabia Vision 2030 Our Vision for Saudi Arabia is to be the heart of the Arab and Islamic worlds, the investment powerhouse, and the hub beneath our lands. But our real wealth lies in the ambition of our people and the connecting three continents potential of our younger generation. They are our nation’s pride and the architects It is my pleasure to present Saudi Arabia’s of our future. We will never forget how, Vision for the future. It is an ambitious yet under tougher circumstances than today, achievable blueprint, which expresses our nation was forged by collective our long-term goals and expectations determination when the late King Abdulaziz and reflects our country’s strengths and Al-Saud – may Allah bless his soul – united capabilities. All success stories start with the Kingdom. Our people will amaze the a vision, and successful visions are based world again. on strong pillars. The first pillar of our vision is our status as the heart of the Arab and We are confident about the Kingdom’s Islamic worlds. We recognize that Allah the future. With all the blessings Allah has Almighty has bestowed on our lands a gift bestowed on our nation, we cannot help but more precious than oil. -
Publication.Pdf
In The Name Of Allah, The Most Merciful, The Most Compassionate Arriyadh holds a strategic and pivotal role as the capital of the Kingdom of Saudi Arabia which is the birthplace of the Message of Prophet Mohammed (Peace be upon Him) and the location of the Two Holy Mosques. The dynamic capital hosts diplomatic, Islamic, political, economic, financial, trade, scientific, technological and educational institutions and is a fast developing national, regional and international center. Arriyadh is also a hub of administration with national cultural and heritage bodies and activities. the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz (may God bless him) has over many decades actively supported Arriyadh and its remarkable development. Today, with his Crown Prince, Deputy Prime Minister, Minister of Interior; and the Deputy Crown Prince and Defence Minister; King Salman is ably guiding the development of the Kingdom, its capital and provinces and ensuring the welfare, security and prosperity of the nation’s population. Evidence of this is seen in the range of visionary development and infrastructure projects, which are helping to transform the Kingdom and the wider region. The development process in Arriyadh does not focus on specific areas or sectors. Rather it embraces a wide and comprehensive range of projects and needs. These include ambitious programs in transportation. The King Abdulaziz Public Transport Project in Arriyadh City is the largest of its kind and will provide a network of metro and bus services in the capital. The King Khaled International Airport Development Project will considerably expand passenger and airfreight capacity; and national and regional projects to develop railroad and road networks will soon offer remarkable improvements in transportation within the Kingdom and GCC. -
Saudi Arabia – Industrial Sector Overview August 2016
Saudi Arabia – Industrial Sector Overview August 2016 WWW.JEG.ORG.SA Saudi Arabia – Industrial Sector Overview Report, 2016 TABLE OF CONTENTS Executive Summary 06 1. Introduction 07 2. Saudi Arabia – Industry Overview 08 2.1 Industry 2020: The National Industrial Strategy 08 2.2 National Transformation Program 2020 09 3. Construction & Cement 10 3.1 Construction 10 3.1.1 Infrastructure Construction 12 3.1.2 Office Construction 12 3.1.3 Building Sector Construction 13 3.1.4 Oil & Gas Sector Construction 14 3.1.5 Power & Water Sector Construction 14 3.1.6 Industrial Construction 15 3.1.7 Retail Construction 15 3.1.8 Hospitality Construction Market 16 3.2 Top Construction Players in the Saudi Arabian Market 17 3.3 Construction Industry Drivers and Constraints 18 3.4 Regulatory Reforms in Construction Sector in Saudi Arabia 18 3.4.1 Green Building Regulations 18 3.4.2 Restrictions on Working Hours 19 3.5 SWOT Analysis 19 3.6 Cement 19 3.6.1 Major Market Players 21 3.6.2 Cement Sector – Issues 21 3.6.3 SWOT Analysis 22 4. Petrochemicals & Refineries 23 4.1 Petrochemicals 23 4.1.1 Major Market Players 24 4.1.2 SWOT Analysis 26 4.2 Refining 26 4.2.1 SWOT Analysis 27 5. Mining & Metals 28 5.1 Major Market Players 29 5.2 SWOT Analysis 29 6. Regulations and Ease of Doing Business 30 Saudi Arabia – Industrial Sector Overview Report, 2016 2 7. Industry – Outlook 31 7.1 Non-oil Sector Growth Contracts 31 7.2 Implications of Global Oil Market for Saudi Arabia 31 7.3 USD 4 Trillion Investment Needed to Sustain Job Demand in Non-oil Economy 31 7.4 Privatization and an Open Stock Exchange 31 8. -
Saudi Aramco Annual Report 2020 Has Certain Borrowings Where the Reference Rate Is Linked to LIBOR
ResilienceResilience andand agilityagility SaudiAnnual Aramco Report Annual 2020 Report 2020 Resilience and agility Aramco’s exceptional past belongs to its future. Our people define our success. Energy has been running in our DNA for generations. We are proud of what we accomplished during 2020. Once again, our resilience shone through. We delivered on our shareholder commitments. And we continued to deliver an uninterrupted supply of energy to the world. Our resilience and agility has built one of the world’s largest integrated energy and chemicals companies. And we are part of the global effort toward building a low carbon economy. Our horizon has never been clearer. This Annual Report covers financial and operational aspects of Aramco from January 1, 2020 to December 31, 2020, and is issued in both Arabic and English. The print version is identical to its PDF counterpart, which is available at aramco.com. The Arabic version prevails in the event of any discrepancy. The images in this document are representative of the services provided by Aramco. Some photos may have been taken prior to the COVID-19 pandemic. Wherever possible, sustainable printing techniques were used. 01 Contents Aramco Risk Chairman’s message ...................................06 Risk management........................................ 92 President and CEO’s foreword ...................08 Risk factors ...................................................94 History .......................................................... 10 1 2020 highlights ........................................... -
Saudi Government Concludes Purchase of Aramco Professional
11/15/2016 1980s 1980s 1980 Saudi government concludes purchase of Aramco The government increases its participation interest in Aramco's crude oil concession rights, production and facilities to 100%, with retroactive financial effect to 1976. Professional Development Program (PDP) established In its first year, the Professional Development Program (PDP) enrolls 400 employees. The program initially enrolls some expatriates but soon shifts its focus to encompass only Saudis. Enrollment in the program fluctuates throughout the decade, peaking at 910 in 1987. The Aramco communities grow quickly in the early 1980s. 1981 Data processing begins at EXPEC Computer Center Data processing begins at the EXPEC (Exploration and Petroleum Engineering Center) Computer Center, one of the world's largest geoscience computing facilities. Scholarships for women We provide the first scholarships to female employees to study at overseas universities. AlHasa Farm begins operations The company's 300acre alHasa Demonstration Farm cultivates 15 new varieties of vegetables and becomes home to new fish and agriculture farming projects. The Exploration and Petroleum Engineering Center is the first facility of its kind in the Middle East. 1982 EastWest Pipelines completed Two pipelines are completed, linking oil production facilities in the Eastern Province with Yanbu' on the west coast. One line transports natural gas liquids (NGL) from Shedgum and the other delivers crude oil from Abqaiq. The two pipelines are the most advanced computermonitored hydrocarbons pipelines ever built. http://www.saudiaramco.com/en/home/about/history/1980s.html 1/4 11/15/2016 1980s Company halts production at Well No. 7 The discovery well, Dammam No. -
Vision 2030: Creating Strategic Partnership with Japan Japan Stands Ready to Help Saudi Arabia Implement Its Aramco, While Telecoms Giant Softbank Group Corp
121st year | no. 42,289 ISSN 0289-1956 © THE JAPAN TIMES, LTD., 2017 SAUDI ARABIA FRIDAY, SEPTEMBER 22, 2017 Vision 2030: Creating strategic partnership with Japan Japan stands ready to help Saudi Arabia implement its Aramco, while telecoms giant SoftBank Group Corp. launched a huge technology investment wide-ranging Vision 2030 plan and to reduce the country’s fund in conjunction with the kingdom’s Public Investment Fund (PIF). dependence on oil. Designed to target “meaningful, long-term investments in companies and foundational plat- Japan and Saudi Arabia have a 62-year history of form businesses that seek to enable the next age strong diplomatic, trade and business relations, of innovation,” according to SoftBank, the fund but the signing of the comprehensive investment raised $93 billion in its fi rst major closing in May. and socioeconomic development blueprint Saudi- That impressive sum of capital commitments Japan Vision 2030, in March, signals a new excit- for funding delights Okuda, who feels PIF and ing period as the two countries align to accelerate SoftBank’s Vision Fund sends a very positive sig- economic development in the kingdom. nal to Japanese companies to build links with the Connections between the continental pow- kingdom. erhouses are at an all-time high. Saudi Arabia “Saudi Arabia is a special country, with huge is Japan’s main investment destination in the fi nancial potential,” he says, adding, “In the short IMAGE: Cabinet Public Relations O of Japan) (of the Government ce O Cabinet Public Relations IMAGE: Middle East, accounting for around 70 percent term, it has challenges to overcome, but in the of its investments in the region; bilateral trade medium and long-term, there are tremendous between the two reached a record $56 billion in opportunities for Japanese enterprises. -
Saudi Arabia Reference Projects for Oil & Gas Applications
NEWSLETTER JULY 2012 Saudi Arabia: Remarkable reference projects for oil and gas applications! Since 2010, Ceramic Polymer’s high-performance coating is approved for ”Saudi-Aramco-Standards”! More than 20% of the global crude oil is located under Saudi sand. The state-owned enterprise ”Saudi Aramco” is the biggest oil production company worldwide. Beside further 100 oil and gas fields, ”Saudi Aramco” owns with the ”Ghawar oil field” the largest oil reservoir and holds therefore the largest proven oil reserves of 260 billion barrels. By several subsidiary companies, amongst others the major tanker fleet and various joint ventures in oil and gas industry, ”Saudi Aramco” is the most profitable and valuable corporate group at present times. Coating products have to provide outstanding properties to meet the APCS-Criteria (Aramco Protective Coating System) and get accepted for ”Saudi Aramco” application. Our product CK-54 SF-APCS-2i was tested extensively by research laboratories of ”Saudi Aramco” and was approved for application in accordance with their demanding requirements of the standards APCS-2i, APCS-117 and APCS -28. Specific aspects for the achieved approval were e. g. the excellent chemical resistance at high operating temperatures up to 150°C and the extremely pressure resistance, which was proven by autoclave-tests with explosive decom- Condensate stripper pressions. Qatif – Gas and Oil separation plant #2 More than 300 tanks were already coated with CK-54 SF-APCS-2i! Some of our reference projects in Saudi Arabia: End user Date -
Vision 2030 and the Birth of Saudi Solar Energy
MEI Policy Focus 2016-15 Vision 2030 and the Birth of Saudi Solar Energy Makio Yamada Middle East Institute Policy Focus Series July 2016 A solar sector is emerging as part of Saudi Arabia’s economic diversification plans under the Vision 2030. Makio Yamada offers an analysis of policy and institutions governing the country’s expansion into “yellow oil.” Rising domestic oil consumption, young citizens’ entry into the job market, and reduced solar panel production costs have driven the launch of the solar industry in the kingdom. Growth of the industry had previously been hindered by institutional ambiguity and fragmentation, but the government restructuring in May has paved the way to its eventual rise by unifying necessary administrative functions under the newly-created super-ministry. Key Points ♦ The new Saudi leadership, led by King Salman and his son Deputy Crown Prince Mohammed, will exercise control over the country’s next giant, non-oil industry, which Saudis call “yellow oil,” or solar energy ♦ The initial driver behind the Saudi government’s interest in the use of solar power was its intention to preserve the kingdom’s capacity to export oil in light of rising domestic consumption; the Vision 2030 also underscores the industrial aspect of solar energy ♦ Following the succession in January 2015, the new leadership found the country’s institutional framework for the solar sector problematic; the government restructuring in May 2016 unified the necessary administrative functions for the sector ♦ Insufficient human capital may be an impediment to the growth of the industry; the National Transformation Program 2020 has set ambitious goals to boost the country’s technical education, but its feasibility remains to be seen Makio Yamada Makio Yamada Introduction investigates economic diversification in Saudi he announcement of Vision 2030, the Arabia and G.C.C. -
Facts & Figures 2013
Facts & Figures 2013 2013 Facts & Figures :: 1 :: Energy Is Opportunity :: Saudi Aramco Our business portfolio is being reshaped to meet evolving requirements in our upstream and downstream activities as well as across the Kingdom as a whole. ENERGY IS OPPORTUNITY—IN THE KINGDOM AND AROUND THE GLOBE. Contents 02 WHO WE ARE 08 EXPLORING NEW OPPORTUNITIES :: Energy Is Opportunity :: Saudi Aramco 07 OUR STRATEGY 10 EXPANDING OUR PORTFOLIO 12 RAISING OUR POTENTIAL 14 CITIZENSHIP 16 2013 IN NUMBERS 21 OUR OUTLOOK ABOUT THIS BOOKLET COVER PHOTO OVER THE LAST 80 YEARS, SAUDI ARAMCO HAS This booklet is a statistical compendium of our 2013 Annual Review and includes GROWN TO BECOME A FULLY INTEGRATED, GLOBAL oil and gas reserves and production figures for year-end 2013 as well as other PETROLEUM AND CHEMICALS ENTERPRISE. valuable figures, and a brief summary of key developments. 2 :: Energy Is Opportunity :: Saudi Aramco 2013 Facts & Figures :: 3 Who We Are What We Do The Saudi Arabian Oil Company (Saudi Aramco), Turaif Over the last 80 years, we have grown to become 494 million barrels of refined products and a fully integrated, global the world’s largest integrated energy enterprise. exported 121 million barrels, nearly matching petroleum and chemicals Saudi Aramco manages conventional crude oil our record numbers from 2012. We exported Al Jawf reserves of 260.2 billion barrels and gas reserves 2.5 billion barrels of crude oil in 2013, with 53.8 enterprise, is the state- Tanajib of 288.4 trillion standard cubic feet. percent exported to Asia. owned oil company of the Tabuk Safaniya Jubail Khursaniyah In 2013, we produced 3.4 billion barrels of As a vertically integrated company, we Kingdom of Saudi Arabia. -
Infrastructure Sector: Overview and Commercial Prospects in Saudi Arabian and U.S
2017 INDUSTRY SECTOR REPORT Infrastructure Sector: Overview and Commercial Prospects in Saudi Arabian and U.S. Construction, Real Estate, and Transport www.us-sabc.org Disclaimer The information that is published in this report was analyzed and compiled from sources believed to be accurate and reliable during the time of publication. The U.S.-Saudi Arabian Business Council accepts no liability for any loss or damage resulting from errors or omissions due to human or mechanical error in any part of this report. The U.S.-Saudi Arabian Business Council provides all information without any warranty. © 2017 The U.S.-Saudi Arabian Business Council. All rights reserved. Neither this publication nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the U.S.-Saudi Arabian Business Council. Reports are published quarterly by the U.S.-Saudi Arabian Business Council, 8081 Wolftrap Road, Suite 300, Vienna, VA 22182. 2 U.S.-Saudi Arabian Business Council Table of Contents 4 Executive Summary SAUDI ARABIAN MARKET 6 Trends in Contracts 7 Growing Value of Infrastructure 8 Government Infrastructure Goals and Financing 9 Infrastructure Objectives through Vision 2030 and the NTP 10 Government Bodies Involved in the Infrastructure Sector 11 Private Sector Initiatives 12 Oil Revenues and Government Projects 14 Financing 15 Regional Trends in Contracts Awarded 16 Domestic and Foreign Firms Involved in Saudi Arabian Infrastructure 20 Macroeconomic Trends 22 Housing Market 24 Transportation 27 Tourism Construction 29 Building Automation 29 Construction Supply Chain for Raw Materials 31 Labor 33 Real Estate 36 Infrastructure Projects in Energy 39 Industrial Infrastructure Projects 40 Special Projects 41 SME’s 41 Restarting Stalled Projects 42 Construction of Social Facilities 42 Commercial Construction U.S. -
Energy to the World: the Story of Saudi Aramco Volume 2
ENERGY TO THE WORLD: TO ENERGY ENERGY TO THE WORLD: THE STORY OF SAUDI ARAMCO OF SAUDI THE STORY THE STORY OF SAUDI ARAMCO VOLUME 2 VOLUME 2 VOLUME www.saudiaramco.com J ENERGY TO THE WORLD : VOLUME ONE TITLE K VOLUME TWO Energy to the World The Story of Saudi Aramco II ENERGY TO THE WORLD : VOLUME ONE VOLUME TWO Energy to the World The Story of Saudi Aramco Supertankers load crude oil at Ras Tanura Sea Island Terminal in 2003. Contents Copyright First Edition Volume One Volume Two © 2011 by Aramco Services Company Printed in 2011 Preface xi Illustration: Saudi Arabia viii ISBN All rights reserved. No part of this book Illustration: Saudi Arabia xiv 1 National Resources 1 978-1-882771-23-0 may be reproduced, stored in a retrieval system or transmitted in any form or 1 Prospects 1 2 Boom Time 27 Library of Congress by any means, electronic, mechanical, 2 Negotiations 33 3 Transformation 67 Control Number photocopying, recording or otherwise, 200922694 without the written permission of 3 Reading the Rocks 59 4 Rising to the Challenge 99 Aramco Services Company, except by 4 The War Years 93 5 Achieving the Vision 131 Written by a reviewer, who may quote a brief Scott McMurray passage for review. 5 Expansion 123 Appendix 168 6 Growing Pains 153 A. Upstream 170 Produced by The History Factory 7 Balancing Act 189 B. Downstream 184 Chantilly, Virginia, USA List of Abbreviations 215 C. Operations Data 194 Project Coordinators Notes on Sources 216 Company Leadership 204 Theodore J. Brockish, Kyle L.