chairman of Saudi Aramco expresses Kingdom’s ambitions in renewable energy

(MENAFN)According to Yasir Al-Rumayyan, governor of the Public Investment Fund, modification in Saudi Arabia in the last five years are just the “tip of the iceberg” of the transformation the Kingdom is going to evaluate under the Vision 2030 strategy and beyond.

An online session of CERAWeek in Houston, Texas quoted Al-Rumayyan as saying that “The things we’d like to achieve in 2030 will be our optimal way of starting the next phase, which is what we will do until 2040, or after that to 2050.”

He further declared that “Our society is changing, the people are becoming more receptive to new ideas on how companies should work and how society should function, and even the social contract is changing. If you add all of these together, you will have an idea of what Saudi Arabia, by embracing and implementing Vision 2030, will look like in nine years.”

Plans kept its position in vending more shares in the world’s biggest oil company, following the main initial public offering (IPO) in history in 2019 when it sold fewer than 2 percent of its shares, stated Al-Rumayyan.

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