VIDEO: CEO speaks about major investments in Fourth Industrial Revolution technologies
“I am proud that we are making the digital solutions we develop available to other companies in the region and around the world.”
Amin Nasser, president and CEO at LEAP 2023
Our ability to deploy Fourth Industrial Revolution technologies is central to our long-term strategies, growth, and 2050 net-zero ambition.
Last week, we announced the launch of the Aramco Digital company. We are planning to invest $1.9 billion over the next three years, making it the biggest Aramco investment in digital to date, while adding value to the Kingdom’s digital ecosystem.
And there is our domestic venture capital arm, Wa’ed Ventures. I am pleased to announce that we have more than doubled there Wa’ed fund from $200 million to half a billion dollars. It is part of our $3.5 billion in venture capital investments, which also includes a $1.5 billion Sustainability Fund, a billion dollars for disruptive technologies, and $500 million specially for digital and industrial investments.
And I am proud that we are making the digital solutions we develop available to other companies in the region and around the world.
We invite you to join us, and help us solve some of the most challenging issues facing our industry, the Kingdom, and the world.