Aramco ploughs ahead
The jewel in the kingdom's crown is concentrating on downstream joint ventures, as it awaits the IPO go-ahead
High above the Riyadh rooftops, tall cranes form thin fingers of lattice patterns against the colourless early-morning sky. Many of the cranes are starting to move again after a year or more of remaining idle, a signal that the higher global oil prices of recent months have given the Saudi economy a boost. The economic slump meant that some contractors put projects on hold and others went bust. Today, the signs are that the worst of the cash-flow crisis is over. Saudi Arabia is determined to make sure that there's never a return to the dark days when oil was trading at less than $30 a barrel, triggering an economic crisis across the kingdom. It's why Saudi Arabia has been the driving force i
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
