Showing results for "Prince Muqrin"

Here comes Jafurah gas field

  • Saudi Arabia is adding another dimension to its energy mix by developing the giant Jafurah gas field in the Eastern Province. With investment of $110 billion, Saudi Aramco is developing the field, which is expected to gradually increase production to 2.2 trillion cubic feet of wet gas by 2...
·

Why Davos?

  • Saudi Arabia’s participation in the World Economic Forum (WEF) in Davos last month was a remarkable one, with special sessions on the Saudi vision and receptions hosted by Saudi Aramco, the Saudi Arabian General Investment Authority (SAGIA), the Prince Mohammed bin Salman bin Abdul Aziz Fo...
·

Budget 2020: Supporting Vision 2030

  • Following the successful listing of Aramco on Tadawul, the largest IPO in history, the government has announced a SR1.02 trillion ($320 billion) budget for 2020, a slight fall in spending that reversed three years of expenditure hikes aimed at spurring growth. Revenues in 2020 are forecasted at...
·

King Salman: Five years of remarkable achievements

  • Yesterday marked the fifth anniversary of King Salman’s ascension to the throne. The Kingdom has made remarkable and unprecedented political, social, economic and developmental achievements since King Salman started his rule on Jan. 23, 2015. These achievements, which are mainly the pillars...
·

Diriyah — opening the gate to a global cultural icon

  • As part of the Vision 2030 mission to promote tourism, entertainment and cultural activities in the Kingdom, the Diriyah Gate project was envisaged to be a cultural and lifestyle tourism destination, especially after it gained UNESCO certification as a World Heritage Site. Last Wednesday, Kin...
·

Aramco IPO — the countdown has started!

  • On April 25, 2016, Crown Prince Mohammed bin Salman announced that the Kingdom would sell less than 5 percent of oil giant Saudi Aramco’s shares via a partial IPO: “If 1 percent of Aramco is offered to the market, just 1 percent, it will be the biggest IPO on earth.” So, what makes Aramco, the...
·

Saudi Arabia’s investors line up for Aramco IPO

  • Although oil prices surged after the terrorist attacks on Saudi Arabia’s Abqaiq and Khurais oil facilities last month — strikes that instantly disabled half the Kingdom’s output — the gains have since evaporated. Crude is back below $60 a barrel, mainly because Saudi Aramco has restored product...
·

Solar, a key option in the Saudi renewable energy strategy

  • The third day of the Future Investment Initiative (FII) conference on Thursday provided an excellent opportunity to listen to Nadhmi Al-Nasr, the new CEO of Neom. It is planned that this giga city, unveiled by Crown Prince Mohammed bin Salman at the FII conference last year, will run entirely o...
·

Saudi health care: Where are the opportunities?

  • Following my article last week on the Saudi health care sector, many readers approached me wanting me to tackle the sector’s various subtopics since health care is one of the main focus areas of Vision 2030 and will undergo big changes. Here is part two of my health care series which will conti...
·

A vibrant society begins at home, but companies have a role to play

  • Back in 1996 when I organized the first charitable polo match, with a team captained by the Prince of Wales, the BMG Foundation was created and the term Corporate Social Responsibility, or CSR for short, was used for the first time in Saudi Arabia. Years later, major respectable institutions in...
·

Pages