• Saudi Aramco is bolstering its venture capital unit with an additional $4 billion over the next four years, aiming to double Aramco Ventures' capital from $3 billion to $7 billion. This strategic move aligns with Saudi Arabia's broader economic diversification efforts and global ambitions beyond its oil-centric foundation. The increased funding will empower Aramco Ventures to spearhead investments in emerging sectors such as new energies, chemicals, energy transition materials, and digital technologies, contributing to the kingdom's vision for a post-oil future.

• As the world's largest oil producer and a major player in global business, Aramco's financial strength is pivotal to Saudi Arabia's economic transformation. Aramco Ventures has a track record of investing in diverse sectors, including carbon management, renewables, and hydrogen. The additional capital infusion underscores Aramco's commitment to supporting innovative solutions with transformative potential, providing crucial financial support to businesses worldwide at various stages of development. Ahmad Al Khowaiter, Aramco's Executive Vice President of Technology & Innovation, emphasized the strategic importance of this move in advancing Aramco's long-term objectives while fostering global innovation.