Saudi Aramco is expanding its investments in industries and services linked to its core business through the Aramco Namaat program, which has attracted nearly SAR 216 billion ($58 billion) in investments and helped establish 58 new companies since its launch in 2021, according to information obtained by Asharq Al-Awsat. The program reflects the company's strategy of building local and international industrial partnerships aimed at localizing manufacturing and advanced technologies, strengthening supply chains, and contributing approximately SAR 103 billion ($27.4 billion) to the Kingdom’s gross domestic product. Aramco Namaat is an industrial investment and strategic partnership program launched by the Saudi energy giant to attract local and international companies to invest in the Kingdom, develop domestic industries, create jobs for Saudis, and support economic diversification in line with Saudi Vision 2030. Over the past five years, the program has reinforced Aramco’s role in excellence, innovation, and strategic planning, moving from one success to another by leveraging the company’s unique technical, commercial, and execution capabilities. These five years have marked a turning point by transforming promising business ideas into tangible investment opportunities, turning what was once a vision into successful industrial projects that support a prosperous and sustainable future. By the Numbers According to information obtained by Asharq Al-Awsat, Aramco Namaat has become the meeting point between ambition and execution. The program has contributed to the launch of 58 active companies and attracted nearly SAR 216 billion ($58 billion) in investments. Its impact extends beyond investment figures, contributing around SAR 103 billion ($27.4 billion) to Saudi Arabia’s GDP. This highlights the program’s central role in strengthening the domestic economy, localizing key industrial capabilities, and creating employment opportunities for Saudi men and women. An Integrated Ecosystem Aramco Namaat serves as a key tool for Saudi Aramco in building industrial investment partnerships. The program’s strategy focuses on creating value through three main pillars: • Operational resilience for Saudi Aramco • Technological resilience • Development of new diversified industries At the same time, it actively contributes to achieving the ambitions of Vision 2030. The program seeks to empower national companies and generate value throughout Aramco’s ecosystem across four main areas: manufacturing, industrial services, digitalization and sustainability. The program has strengthened public-private partnerships and fostered close collaboration with global and local partners, creating large-scale investment opportunities, establishing leading companies, and attracting foreign direct investment, all of which have enhanced the resilience and sustainability of supply chains. Many of these investments are also supported by Saudi incentive programs that encourage companies to increase local investment. These initiatives have opened new opportunities for industrial-investment partners to participate in and benefit from the company’s long-term growth prospects. President and CEO of Saudi Aramco Amin Nasser speaks with partners in the Namaat program. (SPA) Industrial Services Since its launch, Aramco Namaat has achieved major milestones across its four focus areas and has helped shape the future of industrial localization and economic diversification in the Kingdom. In manufacturing, the program has supported local production of high-voltage subsea power cables, thick-wall pressure vessels and corrosion-resistant steel pipes. These initiatives have enabled the localization of strategic and critical manufacturing capabilities. The program is also working to establish an advanced global hub in Saudi Arabia specializing in modern metal reclamation technologies and production of advanced refining catalysts. This strategic initiative positions the Kingdom as a leading regional center for sustainable resource recovery, high-value industrial production, and clean-energy solutions, driving economic growth and supporting Saudi Arabia’s commitment to a more sustainable and environmentally responsible economy. Within industrial services, Aramco Namaat has supported the localization of a metal casting and forming facility, helping strengthen domestic manufacturing of critical products and enhancing the resilience of industrial supply chains. The program has also contributed to the development of Saudi engineering, procurement, and construction (EPC) companies, increasing their ability to deliver reliable and competitive projects both within and outside the Kingdom. Digitalization and Sustainability Aramco Namaat has continued its contribution to national development through key digitalization initiatives. Among the most notable are the localization of advanced digital technologies, including the establishment of a national information technology services company that provides integrated solutions in software development, consulting, and technical support to meet the technological needs of various sectors. The program has also supported Unified Telecom, and more than seven companies located in the Digital Hub at King Salman Energy Park (SPARK). The program has also made significant contributions to sustainability, including a project to localize the production of specialized glass. Through the GulfGuard joint venture, it supported Guardian Glass in expanding specialized glass manufacturing within the Kingdom. The project focuses on high-performance architectural glass, helping meet growing regional demand for energy-efficient buildings. The collaboration included the addition of new float-glass production lines and glass-processing facilities in Jubail Industrial City, strengthening the local supply chain with advanced products and delivering significant gains in technology localization. The Road Ahead Building on these achievements, Aramco Namaat is moving into its next phase with a focus on developing strategic industrial opportunities that strengthen Saudi Aramco’s ecosystem while accelerating the Kingdom’s industrial transformation. Its priorities include driving innovation, supporting local industry, diversifying the economy, encouraging ambitious ideas and entrepreneurship, building resilient supply chains and localizing critical and advanced technologies. The program continues to attract global partners to help establish new industrial capabilities while expanding advanced digital and manufacturing capacities and accelerating the adoption of industrial and digital solutions across emerging sectors. In this way, Aramco Namaat is becoming part of a broader success story that reflects the Kingdom’s achievements in energy, industry, and innovation, both regionally and globally.
