Namaat

Partnerships for growth.

Aramco Namaat is one of our programs that aim to create strategic partnerships that drive the economic expansion and diversification of Saudi Arabia.

Sometimes an exciting opportunity can exist, but without the necessary support, guidance and expertise, can simply remain untaken.

At Aramco, one of our core missions is to create new value from the vast opportunities available in Saudi Arabia. And to help others access and seize these opportunities.

We want more of the products and services that Aramco relies upon to be available in-Kingdom and key to that mission are our industrial investment programs, run by Aramco Namaat.

Namaat — which in Arabic means ‘growth’ — works with major global and local partners, collaborating on large-scale investment opportunities, or enabling new partnerships that support economic growth and the formation of new, unicorn-scale companies, expected to lead in their sectors. Namaat works on transaction deals that form ventures with leading businesses around the world, pooling resources to bring new ideas to life. All this helps them play a key role in developing a vibrant, world-class, competitive, energy and industrial ecosystem.

Driving diversification

Officially launched in 2021, Namaat’s strategic objective is to support the development of a diverse national economy. With the aim of creating thousands of new jobs and contributing substantially to the Kingdom’s gross domestic product (GDP).

Namaat’s role is to use its investments, partnerships, and regional expertise to help aspiring companies develop and grow.

Namaat offers its partners opportunities to participate in Aramco’s long-term growth strategy and play a vital role in the Kingdom’s expanding energy and chemicals value chain.

Namaat capitalizes on Aramco’s market and technical experts in engineering services, procurement and supply chain, digital transformation, project management, information technology, and venture capital, helping candidate companies develop their business strategies.

This fusion of its technical and commercial strengths is what differentiates Namaat, and places it at the forefront of investment portfolio drivers of a diversified national economy.

"The opportunities and growth potential that will result from Aramco Namaat are tremendous — as are the benefits for participating companies, the Kingdom’s economy, and the Saudi people.”

Aramco Chairman, H.E. Yasir Al-Rumayyan

Namaat focuses on creating strategic partnerships in five key focus areas

Sustainability

Promotes Aramco’s circular economy principles through investments in projects and technologies targeted at reducing the carbon footprint of manufacturing facilities, discouraging waste, and supporting the clean energy transition.

Digital

Explores opportunities that support digital transformation and emerging advanced technologies to enhance operational efficiency and improve performance in terms of safety, reliability, cost, and the environment.

Manufacturing

Investments aiming to step up innovation in areas such as nonmetallics, which can be used in construction, automotive, packaging, and other sectors.

Industrials

Includes investments in innovations that aim to continuously improve value chain reliability and catalyze energy ecosystem growth.

Social innovation

Seeks out scalable and impactful opportunities that improve the welfare of societies, and enhance the wellbeing of citizens across the Kingdom, as well as that of contractors working for Aramco.

Opportunities for growth

Since its launch, the scale and breadth of Namaat has increased significantly, expanding from 32 to 55 investments within its first year.

Discovering and unlocking fresh opportunities is one of Namaat’s core strengths. The Namaat Team map the fast-evolving domestic and global economic landscapes, using their in-house expertise and business intelligence tools to identify frontline emerging trends in technology and science. These unlocked opportunities are then nurtured into a value-proposition, originated and initiated by Namaat, and then offered to prospective partners who are best-placed to fill these opportunity gaps.

Namaat initiated and progressed 19 partnerships between 2021 and 2022.

“The options for local and multinational organizations available right here and right now are both remarkable and wide-ranging. The door is open. The value waiting to be captured is there for the taking.”

Aramco President & CEO, Amin H. Nasser

Tapping into the global industrial ecosystem

These projects aim to drive economic advancement and help support Aramco's environmental goals, our business, our partners, and the wider energy and chemicals sector.

And, importantly, they also aim to help support and attract the ideas, people, and technologies needed to drive future growth in the Saudi private sector.

Namaat draws upon the global commercial ecosystem and industry leaders, to find the best ideas, and the right partners to build them with, and then incubates, validates, and deploys them, supporting their growth every step of the way.

Building connections

Bringing new businesses and government support programs together.

Namaat aims to help enable and accelerate public-private partnerships and new investments.

Many of these investments are supported by the Kingdom’s incentive programs, including the Shareek program, one of several government-led initiatives which incentivize companies to increase their domestic investments, and demonstrates the cultural support and guidance often needed for major investments such as these to succeed.
Namaat is an ideal partner for those global or multi-national companies looking to establish themselves in the region — and leverage Aramco’s position — offering extensive knowledge of the incentive programs on offer, as well as aiding in establishing relationships with other public sector agencies and programs.

Future-focused growth

Namaat offers partners opportunities to participate in Aramco’s long-term growth strategy, and play a vital role in the Kingdom’s expanding energy and chemicals value chains. By facilitating localization, strategic alliances, and joint venture partnerships, to help establish candidate companies on the global stage, Namaat is making an important contribution to creating a fully-diversified national economy.

Namaat is the natural next step to our In-Kingdom Total Value Add (iktva) program, which is focused on enhancing supply-chain efficiencies and reliability. It also complements other initiatives that aim to create a world-class energy and industrial ecosystem in Saudi Arabia, such as the King Salman International Complex for Maritime Industries and Services, and King Salman Energy Park (SPARK), a sustainability-focused energy park being built by Aramco.

In-Kingdom Total Value Add (IKTVA) Program

Our In-Kingdom Total Value Add (iktva) program is designed to drive supply-chain efficiency and value across our operations, and to encourage the development of a diverse, and globally competitive energy sector in Saudi Arabia.

Find out more