Aramco considers opening up $110bn gas project to investors: Bloomberg

Saudi Aramco is considering a bold move to open up one of the world’s largest unconventional gas fields to foreign investors, according to sources cited by Bloomberg News. (File/AFP)
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Updated 09 September 2021
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Aramco considers opening up $110bn gas project to investors: Bloomberg

  • Discussions about foreign investment in operations at the Jafurah gas field are at an early stage: Informed sources
  • It is estimated the field contains 200 trillion cubic feet of gas

RIYADH: Saudi Aramco is considering a bold move to open up one of the world’s largest unconventional gas fields to foreign investors, according to sources cited by Bloomberg News. The state-owned company is looking to fund a $110 billion project at the site to help it diversify from oil sales.

Aramco is working with an adviser as it explores options for raising new equity or debt for its vast Jafurah site, said the sources, who declined to be identified as they were discussing confidential information.

They added that the company has opened preliminary talks with potential investors, including large commodity traders. The deliberations are in the early stages and Aramco might ultimately decide to pursue other ways to raise money to fund the Jafurah development, they said.

The Jafurah field is estimated to contain about 200 trillion cubic feet of rich raw gas, and Aramco expects to begin production at the site in 2024. It is a priority for Saudi Arabia’s rulers as they look to increase gas production and reduce the reliance on exports of crude oil.

Any deal involving Jafurah would be a rare example of Aramco allowing external investors the chance to hold stakes in its upstream oil and gas assets, according to Bloomberg.


The Family Office to host global investment summit in Saudi Arabia

Updated 18 January 2026
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The Family Office to host global investment summit in Saudi Arabia

RIYADH: The Family Office, one of the Gulf’s leading wealth management firms, will host its exclusive investment summit, “Investing Is a Sea,” from Jan. 29 to 31 on Shura Island along Saudi Arabia’s Red Sea coast.

The event comes as part of the Kingdom’s broader Vision 2030 initiative, reflecting efforts to position Saudi Arabia as a global hub for investment dialogue and strategic economic development.

The summit is designed to offer participants an immersive environment for exploring global investment trends and assessing emerging opportunities and challenges in a rapidly changing financial landscape.

Discussions will cover key themes including shifts in the global economy, the role of private markets in portfolio management, long-term investment strategies, and the transformative impact of artificial intelligence and advanced technologies on investment decision-making and risk management, according to a press release issued on Sunday.

Abdulmohsin Al-Omran, founder and CEO of The Family Office, will deliver the opening remarks, with keynote addresses from Saudi Energy Minister Prince Abdulaziz bin Salman and Prince Turki Al-Faisal, chairman of the King Faisal Center for Research and Islamic Studies.

The press release said the event reflects the firm’s commitment to institutional discipline, selective investment strategies, and long-term planning that anticipates economic cycles.

The summit will bring together prominent international and regional figures, including former UK Treasury Commercial Secretary Lord Jim O’Neill, Mohamed El-Erian, chairman of Gramercy Fund Management, Abdulrahman Al-Rashed, chairman of the editorial board at Al Arabiya, Lebanese Minister of Economy and Trade Dr. Amer Bisat, economist Nouriel Roubini of NYU Stern School of Business, Naim Yazbeck, president of Microsoft Middle East and Africa, John Pagano, CEO of Red Sea Global, Dr. Anne-Marie Imafidon, MBE, co-founder of Stemettes, SRMG CEO Jomana R. Alrashed and other leaders in finance, technology, and investment.

With offices in Bahrain, Dubai, Riyadh, and Kuwait, and through its Zurich-based sister company Petiole Asset Management AG with a presence in New York and Hong Kong, The Family Office has established a reputation for combining institutional rigor with innovative, long-term investment strategies.

The “Investing Is a Sea” summit underscores Saudi Arabia’s growing role as a global center for financial dialogue and strategic investment, reinforcing the Kingdom’s Vision 2030 objective of fostering economic diversification and sustainable development.