Middle East Economic Survey
Saudi Aramco Eyes $120bn Investment
State-owned Saudi Aramco will spend $120bn over the next five or six years, the firms CEO Khalid al-Falih told Al-Arabiya TV last week. This would be split roughly 50:50 between downstream and upstream projects and did not include investments outside the Kingdom that are currently being investigated, including China, the US, expansions in Korea and others, Mr Falih said. In the downstream sector...