In een Saoudische businesskrant over verschillende MOU's (Memorandum of Understanding) voor de regio:
"Namaat, which has grown from 32 to 55 investments since last year, supports industrial investment partnerships, helping to create jobs for Saudis and contributing to national growth and capacity building.
The program aims to enable opportunities for local and international companies and leverage various incentives offered through the government’s Shareek program and other initiatives.
Ahmad Al-Sa’adi, Aramco Senior Vice President of Technical Services, said: "Namaat enables Aramco to be a catalyst for change across the Kingdom’s economy, while maintaining our reliability as a global energy supplier at a time of market uncertainty."
"Our collaboration with industry leaders in areas of strategic importance for the Kingdom, demonstrates how Aramco is creating National Champions that will bring long term benefits to our value chain, our economy and our people."
This latest phase of expansion for Namaat reflects even greater integration with other venture life cycle programs that aim to add value and support sustainable growth.
It also represents significant progress for the program, with 19 of the 22 MoUs signed last year already reaching fruition, with a total investment of $3.5 billion."