Saudi Aramco is currently pursuing expansion plans and is creating a number of significant new business opportunities for investors. The scope and range of these opportunities are diversified, including traditional opportunities in oil and gas equipment and services and in new businesses such as petrochemicals. In addition to the immediate term prospects, a number of longer term opportunities are also expected to become available in the future.

The petrochemical projects being developed by Saudi Aramco are aimed at ensuring diversity of products in Saudi Arabia, and providing substantial investment opportunities in downstream conversion. To achieve this objective, Saudi Aramco foresees the development of Conversion Parks adjacent to its petrochemical projects, where the benefits of integration can be passed on to potential investors. Synergies from competitively-priced utilities, developed land sites and infrastructure, and shared technical services will all be available for companies intending to develop these end use products for local, regional and export markets.

Among the many opportunities, the most notable ones relate to conversion industries. In the following subsections we present a brief outline of these business prospects. Please contact New Business Evaluation for further information.

For more details about some of the opportunities, click the links below:

Opportunities in PETRORabigh Conversion Park

Rabigh Conversion Industrial Park (RCIP) is being developed in association with the new PETRORabigh JV which is located on Saudi Arabia’s West Coast. PETRORabigh is Saudi Aramco’s joint venture project with Sumitomo Chemical Company of Japan. The project went on operation on Q3-2008 and it produces a diverse set of petrochemical derivatives including polyethylene, polypropylene mono ethylene glycol and propylene oxide. RCIP, an industrial park for interested private companies that convert plastics to semi-finished or finished goods, occupies the northeast 2.40 million m² section of the industrial site. Sites are offered starting from 5,000m².

RCIP is economically competitive for many products in world markets. RCIP is a nonprofit base project were power and water will be provided at cost bases, It is targeted to attract investors for producers of high value-added and export oriented products, while creating investment opportunities and providing skilled jobs. The objective is to make RCIP the leading park of its kind in the Kingdom, with maximum efficiency and minimum waste and cost. Some of the investment opportunities are listed below.

BOPP film (domestic & export)

• Combined plant for LLDPE container liners & shipping sacks (domestic & export)
• PP-based flat jumbo bags (super sacks) fabric on rolls for sewing elsewhere
• Medical solution bottles & sharp containers (domestic & export)
• Automotive parts (domestic & export)
• Solid wall HDPE pipe and fittings (domestic and regional)
• Composite pipe (domestic)
• Geo-synthetics for roadbed applications (domestic)
• Appliance parts (domestic and export)
• Plastic pallets (domestic)

Rabigh-CIP is open to domestic or foreign companies, with no preferences. There will be open-sourcing for feedstock and raw materials, without restriction as to local supply on chemical and plastics purchases. All applications will be assessed by common criteria.

Interested parties may request applications or additional information directly by writing to:

Mr. Ahmed S. Bashaweih
Sr. Project Manager
Saudi Aramco North Park 2, Building 3301, B-261B
Dhahran 31311, Saudi Arabia

Telephone: 0500666264
E-mail: bashawas@aramco.com

Industrial Opportunities

New Business Development has identified and evaluated a number of industrial investment opportunities. Most opportunities are those which leverage the feedstocks available in the Kingdom and are energy intensive.

Please contact New Business Evaluation for further information about these industrial industry opportunities.

Other Opportunities

In addition to industrial ventures and to the opportunities related directly to the petrochemical projects that Saudi Aramco is currently developing, a number of other associated opportunities may also become available in the future. These include:

• Product development center (technical training and assistance, mold design and fabrication, material testing and selection).
   
• Supply chain management (logistics, licenses, clearing/forwarding services).
   
• Polymer compounding and additives supply.

Please contact New Business Evaluation for further information about these opportunities.