Aramco announced agreements and a memorandum of understanding with French companies on August 24, 2026. It described their potential combined value as exceeding $3.7 billion, rather than completed expenditure or entirely firm orders.
The scope covers drilling equipment procurement, oil-country tubular goods and possible Aramco Digital cooperation in industrial AI and digital twins. The technology memorandum creates a framework for potential collaboration; it does not establish that installations have been completed.
Investment commitments reported at end-June were 141 percent higher than in 2021. Oman also outlined port cargo, refinery capacity and dry-dock activity.
The platform will focus on the Qatar Investment Authority’s local portfolio. The government also outlined five-year expectations for US$38.5 billion in infrastructure projects and US$22.5 billion in private investment.
Ministry of Foreign Affairs of the State of Qatar4 min read
Total value rose 13.1 percent in the first half of 2026, while non-oil exports increased 23.9 percent. The figures also show a higher export share within total trade.
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