The Oil & Gas Year Saudi Arabia 2020


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


    This crisis has been the best demonstration of the value of local content and the In-Kingdom Total Value Add programme.
  • Baker Hughes partners in the UAE’s net-zero drive Zaher-IBRAHIM Ahead of the game

    Zaher IBRAHIM

    Vice-President - Europe - Middle East and Africa


    In today’s world, operating remotely and managing data over distances are more important than ever.
  • Muntaser Kalaji INMA Steel A time to contribute value

    Muntaser KALAHJI

    Managing Director


    New opportunities will come up and only people who have the calmness and the resilience to hold their ground will make the difference.
  • Arabian Geophysical and Surveying Company At the forefront of seismic

    Saad Saud AL AKEEL


    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




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

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