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Monday, Mar 23, 2026

Aramco CEO Says Saudi Arabia’s Cheap Energy Will Propel the Kingdom into Global AI Leadership

Aramco CEO Says Saudi Arabia’s Cheap Energy Will Propel the Kingdom into Global AI Leadership

Amin Nasser highlights Saudi Arabia’s abundant low-cost gas and renewables as strings behind its ambition to build an international AI data-centre hub
Saudi Arabian Oil Company (Aramco) Chief Executive Amin Nasser declared that the Kingdom is uniquely positioned to emerge as a global leader in artificial intelligence, citing its abundant supply of low-cost gas and renewable energy as key enablers.

Nasser said that with cheap natural gas and renewable power available together with ample land, the country can attract the large-scale data-centres required by the AI revolution.

In a recent term sheet announced on 28 October 2025, Aramco and the Public Investment Fund (PIF) agreed for Aramco to acquire a significant minority stake in HUMAIN, a PIF-owned artificial-intelligence company that aims to develop next-generation data-centres, cloud platforms and advanced AI models.

With Aramco joining HUMAIN’s shareholder base, the oil-major confirmed its ambition to drive growth in industrial AI applications and to strengthen Saudi Arabia’s infrastructure for AI and digital transformation.

Nasser pointed out that data-centre electricity consumption is expected to be as much as four times greater than the global battery-electric-vehicle fleet by 2030, and that to serve such demand, facilities will require synchronous availability of reliable power and land-rights.

He underscored that Saudi Arabia offers some of the world’s lowest-cost gas and renewables and large tracts of land—foundations, he argued, for the AI-centres of the future.

The announcement comes amid Aramco’s wider strategy to raise sales-gas production capacity by more than 60 per cent above 2021 levels by 2030, aligning with its goal of supporting both energy and digital-infrastructure investment.

Nasser emphasised that while oil and gas remain central to global energy supply, Aramco is deploying artificial intelligence at scale through a multi-billion-dollar technology investment programme to unlock operational efficiencies.

By linking energy-cost advantage, digital-infrastructure ambition and national economic diversification under Vision 2030, Saudi Arabia is staking its claim not just in energy but in the global AI supply-chain race.
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