VIDEO: Amin Nasser talks tech and investment at World Economic Forum

Amin Nasser
President and CEO
WEF Davos 2026

Last year, I talked about 400 use cases that we came up with in Saudi Aramco. This year, we're talking about 500 use cases, 100 use cases went from the pilots to actual deployments.

We used to have like $200 to $300 million in the previous years in terms of technology realized value. In 2023 and 2024, we achieved $6 billion.

More than 50% is AI related. We’ve seen the benefits of the huge infrastructure that we have built over 90 years.

Everybody talks about AI, the impact of AI, but where is the value? And this is what we are able to establish. We want to turn the energy sector to be more intelligent in terms of capitalizing on AI.

The 6,000 talents that we trained on AI, these are the subject matter experts that come up with the use cases, not the data analyst.

The most important thing in all of these is the data quality.

We have built data quality over 90 years, we kept everything.

We used to have over 80%. Now we have over 90% of the productive zone capitalizing on AI.

Increase the productivity in some wells by 30 to 40%. That is huge.

Demonstrating is very important the use cases, because a lot of people question what is the value. It’s not about buying chips and GPUs… it’s ensuring that you have the system, the data quality.

You need to see that intelligence in terms of running the operation scaled up across the industry.

A lot of what also we adopt and we scale is not only good for the energy industry, it’s good for other industries.