Borsat Al Khaleej Live Support
Leave a message and our representative will contact you soon
26/11/2025 04:51 AST
AI is driving generational opportunity across every industry, society, and economy - but at the crux of this global transformation is the crucial relationship between AI and energy, Aramco's Executive Vice President of Technology and Innovation Ahmad O. Al-Khowaiter said.
According to an Aramco press release issued on Tuesday, Al-Khowaiter made the remarks at the Adopt AI International Summit in Paris, where he stressed that the rapid expansion of AI is inseparable from the energy systems required to power its data-intensive infrastructure. At the same time, he noted, AI is unlocking new tools to enhance global energy supplies and improve efficiency, sustainability, and affordability.
The statement also highlighted Aramco's growing collaborations with French companies and confirmed that Aramco Ventures - the company's venture capital arm - will soon open a new office in Paris to support deeper investment in next-generation technologies across Europe.
On Aramco's partnerships with French firms, he said: "Our partnership with Pasqal Quantum Computing just saw the installation of Saudi Arabia's first quantum computer dedicated to industrial applications, right at our headquarters in Dhahran, Saudi Arabia.
"This will expand quantum computing expertise in the region, and accelerate quantum applications in the energy, materials, and industrial sectors. We are committed to our partnerships here, and also to the infectious spirit of innovation that surrounds the French tech industry.
"That's why I'm very pleased to announce that Aramco Ventures is opening a new office here in Paris, as we continue to invest in next-generation technologies here and across Europe."
Emphasizing energy demand, Al-Khowaiter added: "Data centers alone consumed around 415 terawatt hours of electricity just last year. That's nearly equal to France's total electricity consumption. By 2030, that number is actually expected to more than double. With global energy demand predicted to rise significantly by 2050 - mostly in emerging economies - AI is going to be critical for producing energy more efficiently, more sustainably, and affordably."
He also detailed the scale of Aramco's AI ecosystem. "We operate some of the Middle East region's most powerful supercomputers. We have access to over 90 years of propriety data and every day billions of new data points are generated to add to that. This has fueled the creation of the energy industry's first industrial Large Language Model. We have identified more than 400 (AI) use cases, which we are continuously working on and scaling across our operations. We believe we can accelerate efficiency, reliability, and safety throughout our value chain. In 2024 alone, Aramco generated $4 billion of technology realized value, (and) around half of that was driven by AI solutions."
Arab News
19/06/2026
Saudi Arabia laid out a new strategy in Rome to strengthen global supply chains and build a broader partnership model with Europe, seeking to move beyond current geopolitical pressures and deepen eco
Arab News
05/06/2026
McDermott, a premier provider of engineering and construction solutions to the energy industry, said it has been selected by Saudi oil giant Aramco as one of the 11 selected contractors for a project
Trade Arabia
04/06/2026
Korea Electric Power Corp (Kepco) has secured a key contract to develop the second phase of Saudi Arabia's Jafurah cogeneration power plant, expanding its presence in the Middle East's growing energy
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ADNOCGAS | 3.46 | 0.00 (0.00 |
| ADNOCDRILL | 5.94 | 0.00 (0.00 |
| BAHRI | 33.20 | -0.18 (-0.54 |
| ADES | 18.20 | -0.48 (-2.57 |
| PETRORABIGH | 12.19 | -0.01 (-0.09 |
23/06/2026
As the most rewarding bank in Kuwait and the bank closest to the community, Gulf Bank continues to extend this commitment from its customers and the wider community to its own employees. In line with
Gulf Times
23/06/2026
National Bank of Kuwait (NBK) announced a major milestone with the Group Human Resources Department obtaining four internationally recognized ISO certifications, reflecting the Bank's steadfast commi
Kuwait Times
23/06/2026
Zain Kuwait on June 22 announced its latest partnership with V-Thru, Kuwait's leading virtual drive-thru platform, to launch the Zain Shabab Club, an exclusive club within the V-Thru app dedicated to
Kuwait Times
23/06/2026
Leading UAE telecom services company e& has partnered with TM Forum to jointly release a new white paper titled 'The Path to Full Autonomy: e& UAE's Strategic Blueprint for Network Transformation in
Trade Arabia
23/06/2026
Knowledge Economic City (KEC), the publicly listed master developer leading Madinah's urban transformation, announced its participation as Strategic Partner at Future Hospitality Summit (FHS) Saudi A
Trade Arabia