Saudi Aramco, the world’s most valuable energy company, is reportedly planning to raise as much as $4 billion by selling a portfolio of power plants, signaling a strategic shift in the kingdom’s efforts to streamline operations and unlock capital amid evolving energy dynamics.
According to sources close to the matter, Aramco is working with financial advisors to explore the potential sale of several power-generation assets. These facilities, mostly used to supply energy to Aramco’s upstream and downstream operations, could attract both regional and international investors seeking exposure to stable infrastructure assets in the Gulf.
The move aligns with Saudi Arabia’s broader Vision 2030 strategy, which aims to diversify the economy and reduce dependency on oil by monetizing state-owned assets and encouraging private sector participation. By offloading non-core infrastructure, Aramco can focus more aggressively on its core energy production business, while raising funds that may be reinvested into renewable energy, hydrogen projects, or global expansion initiatives. 
Analysts suggest that the sale could draw interest from utility firms, sovereign wealth funds, and infrastructure-focused private equity firms looking for long-term, low-risk returns. Given the strategic importance of energy infrastructure in the Middle East, the deal may also include long-term operating agreements to ensure stable energy supply to Aramco’s facilities post-sale.
This potential $4 billion boost comes at a time when Aramco is juggling high dividend payouts to the Saudi government, continued investment in oil production capacity, and growing interest in green and digital energy technologies. Divesting power assets could free up valuable capital and help balance strategic priorities.
If completed, the deal would mark one of the largest infrastructure sales in the region this year, reinforcing Saudi Arabia’s intent to leverage state-owned giants like Aramco to catalyze economic transformation and attract foreign investment.
