Aramco expects to boost capital expenditure by about 10%
Al-Saadi added that the increased spending will provide big opportunities for Saudi businesses
Dammam - Arab Today
Oil giant Saudi Aramco expects to increase its capital spending budget by almost 10 percent in its next financial year, a senior vice president at the state-owned company said on Thursday.
The plans to increase investment come as Aramco prepares for a much-vaunted international IPO as Saudi Arabia’s Crown Prince Mohammed bin Salman pushes reforms to make the kingdom less reliant on oil.
Aramco’s senior vice president of technical affairs, Ahmad Al-Saadi, told a business conference on Thursday that the company’s allocation for capital spending in its current financial year is almost 350 billion Saudi riyals and would rise by about 10 percent the following year.
Al-Saadi added that the increased spending will provide big opportunities for Saudi businesses looking to increase their involvement in Aramco projects.
Source:Arabnews
- Monday ,20 March GMT 09:50 2017 How a young Saudi’s passion for numbers gave rise to actuarial company
GMT 03:25 2017 Friday ,10 November
London woos Saudi Aramco with $2bn loan guaranteeGMT 02:55 2017 Friday ,10 November
Saudi Aramco signs energy deals worth nearly $4.5 blnGMT 05:21 2017 Monday ,17 July
1st phase of Aramco’s industrial city to be completed in 2021GMT 09:50 2017 Monday ,20 March
How a young Saudi’s passion for numbers gave rise to actuarial companyGMT 14:42 2017 Monday ,13 March
Saudi deputy crown prince to meet Trump, investment in focus
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 14:30 2017 Sunday ,22 October
Abe coalition wins resounding victory in Japan vote
GMT 07:44 2018 Friday ,12 January
Halep faces wild card in Australian Open first round
GMT 09:44 2017 Tuesday ,17 October
Morocco arrests 11 suspects linked to ISIS
GMT 01:41 2017 Sunday ,10 December
National Media responsible for embodying challenges in society
GMT 18:40 2017 Saturday ,25 March
Smith ton helps Australia to 300 after Kuldeep shines on debut
GMT 13:09 2015 Tuesday ,09 June
Slaven Bilic returns to West Ham as manager
GMT 15:58 2017 Saturday ,04 March
A glimpse into Rosy Walther Zoo during World Wildlife Day
GMT 22:55 2017 Tuesday ,24 October
Ruler of Sharjah inaugurates 'largest-ever' exhibition of UAE archaeological
GMT 16:04 2017 Saturday ,30 September
Got a yacht? Proposed French tax break makes waves
GMT 18:02 2017 Wednesday ,01 March
Merkel to visit Tunisia on 3 March over migrants crisis
GMT 13:06 2016 Saturday ,31 December
Syrian passport trade becomes unlikely cash cow
GMT 10:17 2017 Friday ,12 May
President Pranab Mukherjee for joint action by international community on terrorism
GMT 11:55 2015 Wednesday ,22 July
Brigitte Bardot criticises plan to kill 2m feral cats
GMT 06:06 2016 Wednesday ,28 September
Mainland expresses condolences to typhoon-hit Taiwan compatriots
GMT 04:47 2017 Wednesday ,30 August
Mark Zuckerberg welcomes second daughter in Facebook
GMT 00:59 2014 Saturday ,07 June
January 19 - February 17
GMT 10:53 2017 Wednesday ,05 July
AU Summit gives priority to youth empowerment
GMT 17:26 2017 Wednesday ,15 February
Russian jets in ‘unsafe’ encounters with destroyer
GMT 11:49 2017 Thursday ,13 April
Moldova's Minister of Internal Affairs Meets Qatari Interior Ministry's Delegation
GMT 17:53 2017 Wednesday ,25 October
Erdogan: Turkey ready to give Iraq full support
GMT 14:05 2017 Thursday ,23 November
Actor Ahmed Ezz appreciates Hind Sabry
GMT 16:04 2017 Wednesday ,14 June
Sadara expands its suite of specialty chemicals
GMT 01:01 2017 Monday ,06 February
Garcia wraps up dominant win at Dubai Desert Classic
GMT 14:40 2017 Wednesday ,03 May
Siemens inks deal with IC for industrial development
GMT 01:22 2017 Monday ,03 April
Senior Chinese, US officials agree Xi-Trump meeting significant for bilateral ties
GMT 22:50 2017 Monday ,20 November
NIMR Automotive wins first international export contract
GMT 11:26 2018 Wednesday ,17 October
EU car sales slump in September as a result of new emissions rules
GMT 17:39 2018 Sunday ,09 September
President of Abkhazia, concludes visit to Syria
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor