Ahmed watched an oil tanker drift slowly along the horizon, a silhouette of power and capital. "It means we can sign the contract," he said. "It means we have work for the next five years. It means we survived."
Beyond traditional oil and gas, 2021 was the year Aramco "approved" a new direction for its long-term strategy. The company announced its ambition to achieve across its wholly-owned operated assets by 2050.
2021 saw an increased emphasis on third-party cybersecurity compliance, laying the groundwork for the rigid corporate cyber mandates seen today.
In 2021, Saudi Aramco heavily prioritized its program. This initiative baseline evaluated how much value a supplier added to the Saudi Arabian domestic economy.
If a vendor didn’t have a local entity and a 5-year local investment plan by 2021, their application was automatically rejected.
Manufacturers must undergo a formal qualification process to be added to the . ertqa.pdf - Aramco
850 words
