Comments on Saudi Arabia’s Aramco in Arab News, Dec 16 2020

Dr. Nasser Saidi’s comments appeared in an Arab News article titled “How Saudi Aramco IPO proved a game changer in a tumultuous year for oil” on 16th Dec 2020.

The comments are posted below.

“The first year was tumultuous for Aramco and oil producers,” economics expert Nasser Saidi told Arab News.

“Aramco has opened the path for the privatization of GCC national oil companies and of the energy infrastructure across the region,” Saidi said.

“The IPO was a game changer, part of a long-term strategy of reducing dependence on oil and gas wealth and using the proceeds to diversify the Saudi economy. Aramco is a global player, is resilient, with a clear strategy of diversifying its activities and sources of revenue, and with improved corporate governance as a result of its public listing.”