Aramco first Middle East company to make BCG’s Top 50 Innovation list

Aramco first Middle East company to make BCG’s Top 50 Innovation list

Aramco has been named one of the world’s 50 most innovative companies in the world, having made its debut on Boston Consulting Group’s Most Innovative Companies 2023 report. The recognition is a major milestone for the Middle East as a whole, with the oil group the first company from the region to land a sport in the prestigious top 50.

The Saudi Arabian Oil Group, also known as simply Aramco, is a Saudi public oil and gas company headquartered in Dharan, Saudi Arabia. It is considered the world's largest oil producer and exporter, with significant reserves and production capacity. Aramco plays a crucial role in the global energy industry and has a major influence on the global oil market.

Though it had not before made it to the top 50 list until now, Aramco was in fact previously named by Boston Consulting Group (BCG) – a global strategic consulting firm – as the most innovative company in the Middle East three years ago.