Reports

The Oil & Gas Year Saudi Arabia 2020

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This report features dozens of interviews with thought leaders, most of which are only available in the report:

“The investment climate in Saudi Arabia has become increasingly conducive for local and foreign investors.”

Abdulhakim H. Al Khalid, Chairman, Asharqia Chamber of Commerce

The Oil & Gas Year Saudi Arabia 2020 charts the transformation of a key oil producer as it pursues wide-reaching plans to diversify the economy away from oil and develop new and varied economic activities. These include increasing non-oil government revenue from USD 43.5 billion to USD 266.6 billion and growing the private sector’s contribution to GDP from 40% to 65%, among other reforms.

“The kingdom has seen a tremendous transformation over the last three to four years. We are seeing a positive impact of this transformation on our business.”

Tareq Al Nuaim, president and CEO, Luberef

As part of its Vision 2030, the government has been establishing partnerships and channelling local and foreign investment into a flurry of domestic projects, from digitisation and automation programmes to research centres, manufacturing hubs and smart cities.

This fifth edition of The Oil & Gas Year Saudi Arabia series provides insight to investors and companies looking at strategic opportunities in the country, at a time when Saudi Arabia is experiencing a transformation to a more diverse and technology-driven hydrocarbons industry.

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In this report

  • Ziad Jeha Schlumberger Schlumberger’s robust planning

    Ziad JEHA

    President for Saudi Arabia and Bahrain

    SCHLUMBERGER

    This crisis has been the best demonstration of the value of local content and the In-Kingdom Total Value Add programme.
  • Zaher Ibrahim Baker Hughes Ahead of the game

    Zaher IBRAHIM

    Vice President Saudi Arabia North Gulf & East Mediterranean

    BAKER HUGHES

    In today’s world, operating remotely and managing data over distances are more important than ever.
  • Safwat Hakam Rockwell Saudi Advances in remote connectivity

    Safwat HAKAM

    Country Director for KSA - Bahrain - Lebanon - Jordan and Egypt

    ROCKWELL AUTOMATION

    The market is very dynamic and there is a big need for solutions at the moment.
  • Sylvain BENOIT Shifting trends in outsourcing

    Sylvain BENOIT

    Executive Vice-President for Catering and Facilities

    SAUDI AIRLINES CATERING

    A rise in understanding of the cost of outsourcing and the impact it has on core business should give companies like ours more opportunity.
  • Edward David Brown In demand in Saudi Arabia

    Edward David BROWN

    General Manager

    BRITAM ARABIA

    Saudi Arabia needs to develop an industrial base for firefighting equipment.
  • Muntaser Kalaji INMA Steel A time to contribute value

    Muntaser KALAHJI

    Managing Director

    INMA STEEL

    New opportunities will come up and only people who have the calmness and the resilience to hold their ground will make the difference.
  • Mauro LONGOBARDO, CEO of ARCELOR MITTAL JUBAIL TUBULAR PRODUCTS A time for local companies to lead

    Mauro LONGOBARDO

    CEO

    ARCELORMITTAL JUBAIL TUBULAR PRODUCTS

    This is the time to direct all the orders to the local suppliers and help the growth of the local industry.
  • Arabian Geophysical and Surveying Company At the forefront of seismic

    Saad Saud AL AKEEL

    CEO

    Arabian Geophysical and Surveying Company

    There is a catch: Whatever the technology provides, the business will become more demanding.
  • Mauro LONGOBARDO, CEO of ARCELOR MITTAL JUBAIL TUBULAR PRODUCTS Saudi Arabia’s need for local suppliers

    Mauro LONGOBARDO

    CEO

    ARCELORMITTAL JUBAIL TUBULAR PRODUCTS

    Aramco consumes more than half a million tonnes of pipes yearly and aims to consume more.

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