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 11:40 2018 Friday ,05 January
Zuckerberg makes 'fixing' Facebook a personal goal
GMT 15:42 2017 Sunday ,26 February
Macedonian president urged to task SDSM's Zaev to form new gov't
GMT 10:41 2017 Wednesday ,15 February
Assassinated brother of North Korea leader to undergo autopsy
GMT 20:35 2017 Tuesday ,25 April
Trump warns of retaliation against Canada over dairy
GMT 18:09 2017 Wednesday ,29 March
Challenge 22 Adopts "Smart Jersey" Idea to Tackle Sudden Cardiac Death
GMT 10:48 2017 Thursday ,31 August
Deputy King, HRH Premier stress ongoing economic development
GMT 01:05 2014 Thursday ,13 February
Flora
GMT 11:27 2017 Saturday ,06 May
Russia already stopped bombing proposed Syria safe zones
GMT 21:50 2017 Wednesday ,25 October
Abdullah bin Zayed visits WorldSkills Abu Dhabi 2017
GMT 16:33 2017 Tuesday ,04 July
Hany Ramzy happy for positive reactions
GMT 20:11 2018 Wednesday ,05 December
EU wants INF Treaty 'preserved and fully implemented'
GMT 16:09 2018 Tuesday ,04 December
Russia's athletics federation remains suspended by IAAF
GMT 21:01 2018 Sunday ,25 November
Oil prices plummet amid U.S. drilling rigs down
GMT 13:01 2016 Sunday ,28 August
China's Top 500 Firms Report First Revenue Decline
GMT 19:21 2016 Tuesday ,13 September
Iran flayed for reviving pagan rituals, bid to divide MuslimsGMT 04:46 2014 Thursday ,11 December
Taliban suicide blast kills 6 Afghan soldiers in Kabul
GMT 11:10 2018 Wednesday ,17 January
MP Hariri welcomes Sho
GMT 22:57 2015 Thursday ,23 July
Walmart wholly owns China's e-commerce platform Yhd
GMT 13:45 2015 Tuesday ,07 July
Western media fails to show positive Egypt developments
GMT 16:37 2017 Friday ,10 February
Morocco’s Return to AU, Positive Step for US-African Relations
GMT 20:24 2016 Monday ,30 May
Daughter, former partner defend ‘loving’ Depp
GMT 14:01 2017 Thursday ,14 December
Lebanon-Syria border crossing to reopen
GMT 00:58 2017 Friday ,27 October
President issues on Thursday several decrees
GMT 14:29 2016 Saturday ,15 October
Modi, Putin sign defence deals ahead of BRICS
GMT 04:43 2017 Thursday ,23 November
President stresses upon capacity building of teachers
GMT 10:50 2017 Thursday ,01 June
Sultan Qaboos Mosque to open in A'Suwaiq
GMT 12:00 2017 Sunday ,29 January
Eye scans are replacing airline boarding passes in US
GMT 22:13 2016 Tuesday ,14 June
Bayern Munich to open 2nd overseas office, in Shanghai
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor