Congratulations on TAQA 20th anniversary! What are some of the key milestones and achievements of TAQA in the past 20 years, and what impact have these had on the company’s growth and reputation?

TAQA, as the enabler of energy, has aggressively expanded its geographical footprint, technology portfolio and in-house capabilities through strategic acquisitions around the world, creating an international brand presence. fully acquired companies in Canada, the United States, Saudi Arabia, Norway, the United Kingdom, and the United Arab Emirates. Those acquisitions helped grow the portfolio of offering leading well solutions primarily focused on technology differentiation, agile offerings, and fit-to-purpose solutions.

Can you tell us about the role TAQA has played in supporting the Saudi Vision 2030 and the kingdom’s diversification efforts?

Headquartered in Dhahran and Abu Dhabi, TAQA now employs more than 5,000 people from 76 nationalities in 20 countries and serves multiple markets with 3 centers of excellence. TAQA is an international company offering leading well solutions that support the Kingdom’s vision by localizing the oil & gas sector and developing local companies into regional and global leaders.

Moreover driven from Saudi Arabia’s Vision 2030, Saudi Green Initiative and the Carbon Circular Economy Framework, the TAQA decarbonization roadmap will capitalize and prove the success of multi-sector collaboration. Clean industrial hubs as a mean stands to deliver efficiencies, savings as well as being role models to drive innovation and new government, academic and private sector partnership models. Innovation is in our core business strategy and we keep investing in unique technologies that will support the reduction of our carbon footprint.

How has TAQA contributed to the growth and development of the Egyptian market? Can you highlight any significant projects or investments in Egypt?

Our strategic expansion specifically in upstream involves harnessing the unparalleled capabilities offered to our operators in Egypt to provide one of the most comprehensive portfolios of services. This collaborative attempt marks a significant milestone for the entire upstream Oil & Gas sector. It symbolizes innovation, efficiency, and sustainable growth, paving the way for a future marked by progress. Complemented by integrating past and recent acquisitions, we are equipped to drive sustainable growth in the region , serving our clients better and supporting the overall well-established energy sector. Complete well solutions portfolio includes Coiled Tubing and Stimulation, Cementing, Wireline, Frac, Directional Drilling, Downhole Tools, Completions, Well Testing, Slickline, Inspection, and H2S & Safety. Including a well-established Seismic business in Egypt and recently looking at prospects in Geothermal energy transition creating potential and vast opportunities offered to our customers in Egypt. We are investing in Egypt to be the hub for Africa. Egypt is well positioned to facilitate serving other African countries from a manufacturing and talent perspective. We will highly rely on localized resources. We started by forming an alliance with Petrojet last month to identify and seize opportunities in various aspects of oilfield development in Africa and the Middle East, including early production facilities, engineering, fabrication, and manufacturing of equipment.

TAQA has made several significant acquisitions in recent years. Can you shed light on the strategic importance of these acquisitions and how they align with TAQA’s long-term goals and vision?

With global, technology-focused acquisitions integrated into a single company and significant in-house R&D capacity, TAQA is a well-established world leader offering well solutions and providing a complete and unique full-service portfolio, creating a compelling competitive advantage over the world’s current industry leaders. This is complemented with a strong technology portfolio alongside Inhouse R&D and engineering capacity to develop proprietary tools and bundled solutions.

What makes TAQA unique when you compare it to other energy companies in the Middle East?

We differentiate ourselves through digital and innovation technologies and solutions. Closely interconnected to customers, creating unique understanding of their requirements and potential for close working relationships. We are a young organization with an efficient hierarchy and high standards of corporate governance.

With the changing global energy landscape, what opportunities and challenges do you foresee for TAQA in the coming years, and how do you plan to address them?

Infrastructure and local demand for energy including alternative energy prospects are the main challenges in the region. Committed to developing transactional relationships into partnerships, access to an enhanced technology portfolio and a more diverse pool of talent are key in addressing such challenges. As we embark on this new phase of expansion across Egypt, a nation that stands as a regional hub and a robust gateway for expansion into the Middle East and Africa, I am truly optimistic and looking forward to being part of the transformative journey that lies ahead.

Looking ahead, what are the key priorities and objectives for TAQA in the next 5 to 10 years? How do you envision the company’s role evolving within the energy industry, both in the region and globally?

At TAQA, we have set our values to serve our key objectives throughout our journey. We put our customers, shareholders, and people at the center of everything we do. We’re ambitious and fearless in our pursuit of new market opportunities, bold product innovations, and transformative partnerships. We are an agile, forward-thinking force for evolution. We create innovative solutions to advance the energy sector and respond to industry changes and demands with dynamism.

How does TAQA contribute to the local communities and societies in which it operates?

Our commitment is not merely numerical. With this expansion, TAQA’s workforce will grow to over 5,000 employees, dedicated to serving a diverse customer base across 20 countries. This growth is not just a testament to our success but also a reflection of the trust our partners and customers place in us.

As we step into this new chapter, there are plenty of obligations towards our societies and communities and we will investigate those meaningful opportunities that will have a positive impact on such needs. We all need to collaborate to fuel not just the energy sector but also to empower communities, foster innovation, and create a sustainable future for all. We are committed to building a legacy that generations will look back upon with admiration and gratitude.