Saudi Aramco Launches Technology Investment Subsidiary

Saudi Aramco has announced the launch of Saudi Aramco Energy Ventures (SAEV; Dhahran, Saudi Arabia), a wholly-owned subsidiary that will invest in technologies of strategic importance to borth Saudi Aramco and Saudi Arabia. SAEV’s global investments will target start-up and high growth companies that can generate greater value through innovative upstream and downstream technologies as well as from renewable energy, water, and energy efficiency technologies. The company’s investments will accelerate the development of new technologies and make a...

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