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Technology & Product Development

Countries in MENA have had access to new technologies and products, however, still lack intellectual proprietary rights and technology development ecosystems, which introduces risk of ownership and sustainable supply. AFKAR Ventures objectifies this incapacity within the oil and gas sector, with aim to penetrate transitional energy technologies and indigenizes an industry that for many decades lack those fundamentals. AFKAR Ventures aim to initiate the momentum to pave the way to the energy transition for the region, while maintaining its position as one of the lowest cost oil & gas producers globally.
  • Innovate to own and development of Intellectual property.​
  • Innovation in Oil & Gas fit for purpose solutions to maximize efficiency and introduce innovative solutions.
  • Converge local & global technology development ecosystems to transformational industries.
  • Bring proximity between common regional challenges, focused fit for purpose solutions with scalable deployment​