Amiral strengthens value chains 

Riyadh | BETH
06 Dhu al-Qi'dah 1447H | 23 April 2026

Under the patronage and in the presence of His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, the Ministry of Investment signed an investment agreement with SATORP to develop the “Amiral” project, a joint venture between Saudi Aramco and Total, in a step aimed at supporting the localization of value chains in the petrochemical sector and enhancing the growth of manufacturing industries in the Kingdom.

The project aims to develop and produce petrochemical materials that contribute to enabling several industrial sectors, including automotive and construction, thereby enhancing the added value of natural resources, supporting the growth of non-oil exports, and increasing the level of localization of domestic industries.

Approximately 50% of the project’s output is planned to be directed as feedstock for the production of advanced petrochemicals, which can later be used to develop local industrial supply chains, while the remaining output will be exported to global markets, contributing to supporting the Kingdom’s trade balance and diversifying sources of income.

The project comes within the framework of the integrated energy strategy, which aims to develop projects for producing petrochemicals using liquid feedstock, supporting several national strategies, including the localization strategy and the national industrial strategy, in addition to its role in creating direct job opportunities and enhancing local content.

BETH Analysis

The project is not read merely as an industrial investment…
but as a shift in the structure of value.

The focus is no longer on raw production,
but on maximizing what comes after it.

“Amiral” reflects a clear direction:
transforming energy from a source of income…
into an integrated industrial platform.

Here, the balance changes:
from exporting resources…
to exporting value.