Saudi Arabia’s energy giant Aramco announced at the Future Projects Forum in Riyadh that it plans to implement 85 projects over the next three years. Company officials stated that these projects will translate into hundreds of contract packages and will generate a substantial demand for materials.
Among the key material requirements are 21,000 km of carbon steel pipes and 2.2 million tons of structural steel. Additionally, the projects will require 41,000 km of cables, 1,700 km of transmission lines, 6,000 transformers, 24,000 switchgears, 113 million cubic meters of fill, and 3.3 million cubic meters of concrete.
The projects cover oil, gas, and petrochemical facilities, pipeline networks, offshore platforms, and civil infrastructure. In the oil, gas, and petrochemical sector, 20 projects are planned, while 6 projects will focus on offshore platforms and 12 on pipelines. Another 53 projects will be executed across infrastructure, maritime, and other business lines.
In this context, Aramco anticipates a total capital expenditure of $52–58 billion for 2025. In the first half of the year, the company’s capital spending reached $24.85 billion, marking a 9.5% increase compared to the same period last year.
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