Saudi Aramco is proud of the role it plays in developing the Kingdom's economy. To facilitate this role, Saudi Aramco has established the New Business Development (NBD) organization.

NBD's mission is to leverage the Kingdom's hydrocarbon resources and the company's assets to contribute to the Kingdom's economic and social objectives, while maintaining the company's commercial focus. NBD is the single point of contact for all outside parties who wish to pursue new in-Kingdom business opportunities with Saudi Aramco.

NBD is responsible for identifying, receiving, evaluating, shaping and closing new business deals which will create value for Saudi Aramco and will foster the development of the Kingdom (economic growth, increased private sector participation, job creation).

An example of an opportunity developed by NBD is PETRORabigh, a petrochemical joint venture between Saudi Aramco and Sumitomo Chemical Company of Japan. This multi-billion dollar project will increase industrialization in Saudi Arabia by establishing a petrochemical feedstock platform for a diversified downstream conversion industry. This will result in the birth of new businesses in the industrial and manufacturing sectors.

NBD is interested in pursuing and promoting new business opportunities in a number of specific areas. To find out more about the areas of new business development that are of particular interest to Saudi Aramco visit:

Refinery & Petrochemical Group

New Business Development’s Refining & Petrochemical Group pursues joint venture business opportunities in the areas of refining and integrated petrochemical projects. The main focus of the work is on:

• Developing opportunities to add value to existing refining assets by integration with petrochemical complexes and through leveraging natural gas resources.
   
• Enabling high value petrochemical conversion industries.

Key projects developed or being considered for development under this initiative include the following:

• Integrated refining and petrochemical project at Rabigh (PETRORabigh).
   
• Export refineries on the East and West coasts of Saudi Arabia (Jubail and Yanbu’).
   
• Integrated refining and petrochemical project at Ras Tanura.
   
• Expansion of the Yanbu refinery and potential integration with petrochemicals at a later stage.
   
• Potential utilization of refinery streams for production of high value mineral oils solvents.
   
• Conversion parks for conversion industries associated with petrochemical complexes. In addition, the group provides support to local and foreign investors exploring business prospects in the oil and gas businesses. Areas of assistance include the following:
• Identification of potential opportunities using locally available feedstocks.


• Providing review of key assumptions related to hydrocarbon feedstocks.
• Sharing experiences of project development and highlighting areas of vulnerability.

For more information, contact New Business Evaluation .

Industrial Ventures Group

The Industrial Ventures Group pursues business opportunities that leverage oil and gas resources by promoting in-Kingdom industrial ventures and service enterprises.

The focus of the group's work is on:

• Promoting the creation of industrial clusters and manufacturing and service enterprises that support the company's core business and its value chain.
   
• Facilitating entrepreneurship.
   
• Developing third party power and co-generation projects.

For more information, contact New Business Evaluation .

Commercialization & Services Group

The Commercialization & Services Group coordinates commercialization and divestment initiatives within the company.

In terms of commercialization, the focus is on:

• Commercializing the company's intellectual property to transform these assets into value-creating activities.
   
• Leveraging intellectual assets to achieve cost savings or to generate revenue.
  
  In terms of divestitures, the focus is on:
   
• Facilitating the divestment efforts for non-core services and assets.
   
• Evaluating, structuring and helping to implement spin-offs of non-core businesses.

For more information, contact New Business Evaluation
 

Local Enterprise Development

NBD’s Local Enterprise Development Division (LEDD) was created to identify oil and gas equipment and services heavily used by Saudi Aramco and to subsequently promote and support the establishment of local enterprises to manufacture the identified equipment and provide the needed services.

One of the methods LEDD uses to promote local content is issuing Investment Opportunity White Papers (check the link below to view white papers) to interested local and international oil & gas investors.  These investment white papers are an eye opener for these potential investors to motivate them to plan and develop their investment projects. These white papers are the results of an in-house analytical work and market survey of the potential commodities and services proposed for local manufacturing in Saudi Arabia.

Investment Opportunity White Papers

• Chemicals – Potassium Chloride Manufacturing
• Chemicals – Potato Starch Manufacturing
• Chemicals – Xanthan Gum Manufacturing
• Chemicals – Calcium Bromide Manufacturing
• Chemicals – Molecular Sieves & FCC Catalysts Manufacturing
• Equipment – Pipe Wrap Manufacturing
• Equipment – Ball Valve Manufacturing
• Equipment – Ball and/or Roller Bearings Manufacturing
• Equipment – Flange Manufacturing
• Equipment – Centrifugal Pumps Manufacturing
• Equipment – Air/HVAC Compressors Manufacturing
• Equipment – Carbon Steel Pipe Fittings Manufacturing
• Equipment – Transformers Manufacturing
• Equipment – Marine Hoses Manufacturing
• Equipment – Flow Measurement Instrumentations
• Equipment – Valves
• Equipment – Casting and/or Forging

As can be seen in the LEDD Brochure, LEDD plays an important role in supporting potential investors during various stages. In addition, the brochure outlines some of the major incentives and enablers that facilitate foreign investments in Saudi Arabia.

In addition to the brochure, a Foreign Investor Guide Brochure is also available for international foreign investors to provide them with step-by-step procedure on how to establish businesses in Saudi Arabia. It also includes incentives, regulatory rules and useful links.

For more information about business opportunities related to LEDD’s work, visit: Oil and Gas Manufacturing & Services Opportunities