Mr. Khalil Al Shafei

CEO & MD
Aramco Entrepreneurship Center "Wa’ed"

Khalil A. Al-Shafei is the CEO and Managing Director of Saudi Aramco Enterpenureship Venture Co. “WA’ED.” Prior to joining Wa’ed, Mr. Al-Shafei joined Aramco Services Company (ASC), the U.S. subsidiary of Saudi Aramco, in 2012 as the manager of the ASC Technical Services Department. In this role he oversaw a wide of company activities, including the North America venture capital subsidiary Saudi Aramco Energy Ventures, as well as responsibility for engineering, information technology, quality insurance and inspection, environmental stewardship, megaprojects and project support, and technology transfer.

Prior to joining ASC, Al-Shafei was appointed as the interim president of the King Abdullah Petroleum Studies and Research Center. In this role, he oversaw the center’s development and launch, including strategies for research, human capital, information technology, finance, procurement, and public relations; as well as the facility’s construction. He recruited the Center’s executive staff, and led the launch of the Center’s inaugural conference in 2011.

Al-Shafei spent more than 30 years with Saudi Aramco, a fully integrated, global petroleum and chemicals enterprise, serving in numerous leadership and professional positions. As the director of the Research and Technology Program, he guided the development of the corporate strategic plan for downstream research and technology programs.

Al-Shafei also served as a member of Saudi Aramco’s Corporate Strategic Committee leading the development of the corporate strategies for clean fuel, oil to chemicals, oil to hydrogen, oil by wire, carbon and sulfur management; and he investigated the impact of environmental and legislative policies on oil demand. He also led the development of collaboration strategies within Saudi Arabia and global research institutions in Europe, the United States, China and Russia.

Al-Shafei, while serving as the Manager of Materials Planning and System Department, led the development of new programs to optimize the company’s supply chain management to reduce procurement cost and time, and to strategically position the company to take advantage of commodity market conditions.

Al-Shafei was the chief editor of the Proceedings on Engineering for Calcareous Sediments and has published several technical papers at industry conferences worldwide. He was also one of the founders of the American Society of Civil Engineers-Saudi Arabia Section and was elected president for two terms. During the course of his career, he has received several technical and leadership awards. He is currently the President of the Innovation Society.

Al-Shafei earned an undergraduate degree in Civil Engineering from King Fahd University of Petroleum and Minerals and a graduate degree in Civil Engineering from The University of Texas at Austin. He completed the Harvard Business School Executive General Management Program; and “Game Change: Decision Making Analysis and Negotiations.” He also completed programs at the Massachusetts Institute of Technology on Supply Chain Strategic Planning; and Entrepreneurial Strategies for Innovation and Growth at Babson College.