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Saudi Arabian Oil Company (Aramco) and Advanced Electronics Company (AEC), a SAMI company have signed a memorandum of understanding (MoU) to accelerate Saudi Arabia’s digital ecosystem development
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Aramco and AVEVA have established a strategic alliance to drive sustainability in the region through digital transformation
The partnership will help enable AVEVA to establish their largest digital hub, with an R&D capability, in the Middle East, headquartered in Saudi Arabia. This partnership will represent a significant investment for AVEVA, which is also looking to create up to 300 high skill new jobs in the Kingdom by 2030.
This partnership is designed to foster a working relationship between the two companies in the deployment of digital technologies including Artificial Intelligence (AI), Machine Learning (ML), and Data Management, a key focus area being to support the development and implementation of blue hydrogen and decarbonisation facilities in Saudi Arabia, in line with the Kingdom’s energy transition strategy.
Another area of cooperation is in the implementation of cutting-edge predictive analytics technology across Aramco’s operating facilities, with the goal to further improve the reliability, performance, and safety of Aramco’s operation.
A key offering for customers in the region through this new hub is intended to be AVEVA’s trademark Digital Twin technology. The new hub, through its R&D capability, would contribute to enriching Saudi Arabia’s knowledge economy incorporating world-class research at prominent universities across the Kingdom.
Al-Sa’adi, senior vice president of Technical Services, Aramco, said, “One of the key pillars for realising the Kingdom’s Vision 2030 is Digital Transformation. Digital technologies have the potential to accelerate the transformation of the industrial sector and drive it towards more efficient and sustainable operations. Establishing partnerships with leaders in industrial digital software, such as AVEVA, is one of the main elements in our digital transformation strategy and we believe will help us realise our mission of leveraging digital solutions to deliver tomorrow’s energy more sustainably, efficiently, and safely. The regional hub that would be established by AVEVA would contribute to Aramco’s ‘In Kingdom Total Value Add’ (IKTVA) program goals and will facilitate Saudi Arabia’s path to realising the benefits of a digital economy.”
AVEVA’s CEO Peter Herweck also commented, “Through this partnership the vision of our companies is to play a fundamental role in industrial sector decarbonisation within Saudi Arabia and the delivery of its sustainable goals, bringing capabilities to optimise every aspect of the value chain with sophisticated imaging, data analytics and deep-learning technologies that this initiative would bring. Through this initiative AVEVA aims to contribute to creating job opportunities in the Kingdom and throughout the Middle East region.”