Aramco urges joint efforts to boost sustainability

Aramco Executive Vice President of Technology and Innovation Ahmad O. Al-Khowaiter speaks at an event in Bahrain on Tuesday. (Supplied)
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Updated 09 September 2025
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Aramco urges joint efforts to boost sustainability

  • Al-Khowaiter highlights the company’s commitment to advancing solutions in water conservation and energy efficiency

RIYADH: Aramco Executive Vice President of Technology and Innovation Ahmad O. Al-Khowaiter on Tuesday emphasized greater collaboration to advance innovative solutions in water conservation and energy sustainability.

According to a press release, the top official was speaking at the Global Water, Energy and Climate Change Congress in Bahrain. It said that Al-Khowaiter highlighted the company’s commitment to advancing solutions in water conservation and energy efficiency, emphasizing that collaborative innovation is key to meaningful change.

On the need for greater collaboration, Al-Khowaiter said: “Meeting these global challenges requires a level of collaboration that is faster, deeper, and more inclusive than ever before. For me, collaboration is the catalyst for innovation — and innovation is the driver of global transformation. This cross-pollination of ideas is key to gaining fresh perspectives and scaling up cutting-edge solutions. By working together — truly as one team — we can accelerate the transformation needed to secure a more sustainable water and energy future for all.”

Addressing the importance of a realistic energy transition, he added: “Even with trillions of dollars invested in alternatives, we cannot simply abandon the oil and gas infrastructure that continues to power modern civilization. That is why technologies such as carbon capture and storage, direct air capture, and AI-driven efficiency improvements are not just promising — they are essential to achieving meaningful emissions reductions and a sustainable future.”

On Aramco’s water conservation initiatives, the official said: “At Aramco, we are committed to water stewardship through a range of initiatives, including diversifying our water supply. We are increasing wastewater reuse and we are minimizing water losses across our operations and communities. We are leveraging digital solutions to drive greater efficiency, and I am proud to share that last year alone, we reduced our freshwater consumption in Aramco by nearly 8 percent.”

The Global Water, Energy and Climate Change Congress, held from Sept. 9 to 11 under the patronage of Shaikh Khalid bin Abdulla Al-Khalifa, deputy prime minister of Bahrain, gathers over 5,000 international policymakers, researchers, and industry leaders. 

This year’s event is organized in collaboration with Aramco, the UN Environment Program, and Bahrain’s Ministry of Oil and Environment.


Saudi Arabia set to attract $500bn in private investment, Al-Falih tells conference

Updated 09 December 2025
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Saudi Arabia set to attract $500bn in private investment, Al-Falih tells conference

RIYADH: Sustainability, technology, and financial models were among the core topics discussed by financial leaders during the first day of the Momentum 2025 Development Finance Conference in Riyadh.

The three-day event features more than 100 speakers and over 20 exhibitors, with the central theme revolving around how development financial institutions can propel economic growth.

Speaking during a panel titled “The Sustainable Investment Opportunity,” Saudi Investment Minister Khalid Al-Falih elaborated on the significant investment progress made in the Kingdom.

“We estimate in the midterm of 2030 or maybe a couple of years more or so, about $1 trillion of infrastructure investment,” he said, adding: “We estimate, as a minimum, 40 percent of this infrastructure is going to be financed by the private sector, so we’re talking in the next few years $400 (billion) to $500 billion.”

The minister drew a correlation between the scale of investment needs and rising global energy demand, especially as artificial intelligence continues to evolve within data processing and digital infrastructure in global spheres.

“The world demand of energy is continuing to grow and is going to grow faster with the advent of the AI processing requirements (…) so our target of the electricity sector is 50 percent from renewables, and 50 percent from gas,” he added.

Al-Falih underscored the importance of AI as a key sector within Saudi Arabia’s development and investment strategy. He made note of the scale of capital expected to go into the sector in coming years, saying: “We have set a very aggressive, but we believe an achievable target, for AI, and we estimate in the short term about $30 billion immediately of investments.”

This emphasis on long-term investment and sustainability targets was echoed across panels at Momentum 2025, during which discussions on essential partnerships between public and private sectors were highlighted.

The shared ambition of translating the Kingdom’s goals into tangible outcomes was particularly essential within the banking sector, as it plays a central role in facilitating both projects and partnerships.

During the “Champions of Sectoral Transformation: Development Funds and Their Ecosystems” panel, Saudi National Bank CEO Tareq Al-Sadhan shed light on the importance of partnerships facilitated via financial institutions.

He explained how they help manage risk while supporting the Kingdom’s ambitions.

“We have different models that we are working on with development funds. We co-financed in certain projects where we see the risk is higher in terms of going alone as a bank to support a certain project,” the CEO said.

Al-Sadhan referred to the role of development funds as an enabler for banks to expand their participation and support for projects without assuming major risk.

“The role of the development fund definitely is to give more comfort to the banking sector to also extend the support … we don’t compete with each other; we always complement each other” he added.