Al Jafurah to Add $23 Billion to Saudi’s GDP by 2030
Stressing the importance of Al Jafurah onshore gas field project in Eastern Saudi Arabia which will achieve Aramco’s goal of increasing gas capacity by more than 60% by 2030, Saudi Aramco CEO Amin Nasser said that the project is expected to contribute about $23 billion annually to the country’s gross domestic product (GDP).
Addressing the Al-Ahsa Investment Forum 2025, organised by the Al-Ahsa Chamber on Wednesday, Nasser said that the total investments in the project amounted to over $100 billion in the next 15 years and expected to contribute about $23 billion annually to the Kingdom’s GDP.
“It is a very important project for the Kingdom in the context of Vision 2030, and also for Saudi Aramco, to achieve our goal of increasing gas capacity by more than 60 percent by 2030,” Nasser said.
He said that the production capacity of Al-Jafurah is expected to reach about two billion standard cubic feet (BSCF) per day by 2030, enhancing Saudi Arabia’s position as one of the most important gas producers in the world.
The Al Jafurah onshore gas field spans approximately 17,000 sq. km, stretching 170km long and 100km wide. It is recognised as the kingdom’s largest unconventional non-associated gas field.
It is estimated to have resources amounting to 229 trillion standard cubic feet (SCF) of raw gas and 75 billion stock tank barrels of condensate. The proven reserves are reported at 15 trillion SCF of raw gas and two billion stock tank barrels of condensate.
He said that for decades, Al-Ahsa has included many companies and has expanded in recent years by launching giant projects that enhanced investment opportunities and generate job opportunities in Al-Ahsa, and contribute to increasing the local product and stimulating the economic cycle.
King Salman Energy Project
The Aramco President also said that the first phase of the King Salman Energy Park (SPARK) has been completed, and has succeeded in attracting more than 60 local and international investors with investments exceeding $3.2 billion, and created more than 40,000 direct and indirect jobs.
“Several factories have started actual operation, and others are on the way, and today all of Saudi Aramco’s drilling and logistical support operations for all oil and gas fields in Saudi Arabia are managed from SPARK. The first and largest private dry port in the Eastern Province is also being developed with a capacity of 10 million metric tons of goods annually upon completion of all its phases. The port will be operational in stages, starting in the second quarter of this year,” he explained.
Regarding Saudi Aramco’s efforts to preserve the Kingdom’s environment, Nasser said that the company has a long history of protecting the environment through unique projects and initiatives. It was cooperating with King Faisal University to establish a center for nature-based solutions and research projects have also been initiated to study mangrove trees, as part of their efforts to combat climate change and support the Green Saudi Arabia and Green Middle East initiatives.
