Aramco President: Vital Role of Oil, Gas to Continue

Amin Nasser, President and Chief Executive Officer of Aramco, arrives to the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Hamad I Mohammed
Amin Nasser, President and Chief Executive Officer of Aramco, arrives to the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Hamad I Mohammed
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Aramco President: Vital Role of Oil, Gas to Continue

Amin Nasser, President and Chief Executive Officer of Aramco, arrives to the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Hamad I Mohammed
Amin Nasser, President and Chief Executive Officer of Aramco, arrives to the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Hamad I Mohammed

Amin Nasser, President and Chief Executive Officer of Aramco, has called on the world not to disregard investment in the oil and gas industry because it will continue to play a vital role throughout the upcoming decades.

During the first session of Future Investment Initiative on Tuesday, Nasser expressed delight that the kingdom has hosted this huge forum, the first of its kind in the region, which embodies ambitions of Saudi Arabia to be the pioneering investment power worldwide in a way that serves economic diversification.

He added that Aramco is proud of its significant role in achieving the objectives of Saudi Vision 2030, which encompass supporting economic diversification and the private sector and seeking to become the pioneering global company for energy and petrochemicals.

Aramco techniques focus on facing challenges of climate change and Carbon emissions by developing super clean fuel, he continued, not to mention the company’s efforts to enhance energy sector efficiency through nationalization and expansion in the renewable energy field.

“As the world – and Aramco – focus on technique, innovation and challenges of the future, thinking must be rational and the world must not neglect investment in oil and gas industry because it will continue to play a vital role during the upcoming decades," Nasser stated. 



Third Saudi International Maritime Forum Opens in Eastern Region

The forum underscores Saudi Arabia’s commitment to advancing global maritime security and innovation through collaboration and technology-driven solutions. (SPA)
The forum underscores Saudi Arabia’s commitment to advancing global maritime security and innovation through collaboration and technology-driven solutions. (SPA)
TT

Third Saudi International Maritime Forum Opens in Eastern Region

The forum underscores Saudi Arabia’s commitment to advancing global maritime security and innovation through collaboration and technology-driven solutions. (SPA)
The forum underscores Saudi Arabia’s commitment to advancing global maritime security and innovation through collaboration and technology-driven solutions. (SPA)

The Third Saudi International Maritime Forum opened in the Eastern Region on Tuesday.

The event is organized by the Royal Saudi Naval Forces under the theme “Maritime Security in the Age of Artificial Intelligence – Trends and Threats”.

The forum, held under the patronage of Minister of Defense Prince Khalid bin Salman bin Abdulaziz, was attended by Chief of the General Staff General Fayyadh Al-Ruwaili, alongside senior naval leaders, experts, government officials, and representatives of global maritime companies and regulatory bodies.

Chief of Naval Staff Lieutenant General Mohammed bin Abdulrahman Al-Ghuraibi expressed gratitude for the Minister of Defense’s support, noting that the forum aligns with the rapid advancements in artificial intelligence shaping global maritime security.

He highlighted the forum’s objectives, including fostering international collaboration on maritime security, exchanging knowledge among naval leaders, promoting the adoption of advanced systems in the maritime sector, raising awareness about environmental conservation, and leveraging emerging technologies to address security challenges.

The forum also features an exhibition, inaugurated by Al-Ruwaili, showcasing strategic services and innovations from sectors and companies specializing in maritime security.

Spanning three days, the forum brings together 42 speakers across five dialogue sessions and 21 workshops. Key topics include maritime strategies in the age of artificial intelligence, policies and regulations for integrating AI into maritime operations, the impacts of advanced maritime systems on security and cybersecurity, training and development of maritime professionals in the AI era, and the future of military industries in AI-driven technologies.

Additionally, 29 government agencies and 23 local and international companies are participating in the exhibition, displaying the latest equipment and technologies in maritime security.

The forum underscores Saudi Arabia’s commitment to advancing global maritime security and innovation through collaboration and technology-driven solutions.