A number of senior officials of Saudi Aramco Company have commended the contents of the Kingdom's vision 2030 approved by the Cabinet in its session under the chairmanship of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud after it was submitted by Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy Premier, Minister of Defense and President of Economic Affairs and Development. They stressed in statements to Saudi Press Agency that the announcement by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of the launch of the Kingdom's Vision 2030, the blessing of the Crown Prince of its launch, and the supervision of the Deputy Crown Prince of the stages of its preparation and application on the ground will make everyone sense what it will yield of positive steps for the interest of the homeland and its citizens. Supreme Vice President for Downstream of Saudi Aramco Engineer Abdulrahman bin Fahd Al-Wuhaib said: "Some of Saudi Aramco's most significant achievements in recent years have been in developing new international and domestic partnerships in the downstream space. Major global businesses are choosing to invest locally in our refining and chemicals sector, thanks to our committed approach. Alongside the expansion of the Public Investment Fund, I believe that Saudi Vision 2030 and the National Transformation Plan can deliver further opportunities to help us consolidate those downstream relationships still further. Delivering Saudi Vision 2030 will also attract new partners in energy-related sectors. Increased inward investment, especially when the investor has a local operation and stake, will help strengthen the economy." For his part, Supreme Vice President for Upstream of Saudi Aramco Engineer Mohammed bin Yahya Al-Qahtani said: "The Kingdom of Saudi Arabia is certainly a nation blessed with hydrocarbons, and while the Kingdom's economy must reduce its over-dependence on oil, make no mistake, our unrivalled oil and gas assets will help continue to drive the Kingdom's economic growth, long into the horizon on a sustainable basis. We have the world's highest quality of reserves and product grade quality, we are the world's lowest cost producer, and our recovery rates are among the highest in the world." --More
