Under the patronage of the Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, and in his presence, the Ministry of Investment signed an agreement yesterday with SATORP to advance the “Amiral” project. This strategic initiative—jointly developed by Saudi Aramco and TotalEnergies—aims to accelerate the localization of petrochemical value chains and stimulate the growth of downstream industries.
The Amiral project will focus on producing key petrochemicals that support vital sectors such as automotive and construction. To maximize the value of the Kingdom’s natural resources, around 50% of the project’s output will be used as feedstock for developing and strengthening local industrial supply chains. Additionally, the remaining production will be exported to international markets, supporting the Kingdom’s trade balance and contributing to the diversification of non-oil revenues.
This initiative aligns with the Integrated Energy Strategy, which prioritizes petrochemical development based on liquid feedstock. It also supports the goals of both the National Industrial Strategy and the National Localization Strategy, reinforcing efforts to increase local content while creating high-value employment opportunities for Saudi citizens.
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