Honeywell and Aramco have announced the signing of a joint venture agreement to provide business process automation solutions, under the Aramco Namaat Industrial Investments Programme.
The technology can be used by industrial sectors to help maximise profitability, improve productivity, sustainability and operational excellence.
“This JV agreement with Honeywell is expected to bring new jobs to the market, contribute to economic growth and serves as another way in which Aramco continues to pursue its digital transformation program as part of its evolution to become the world’s leading digitalised energy corporation,” said Ahmad Al Sa’adi, SVP Technical Services at Aramco.
“The powerful combination of Aramco’s business, operations, technology and Plant.Digital delivery expertise, coupled with Honeywell’s proven experience in industrial software and big data analytics solutions, as well as our long tenure in the kingdom, is anticipated to unlock tremendous value for the industry,” said Kevin Dehoff, president and CEO, Honeywell Connected Enterprise.
The new venture intends to create over 300 jobs in Saudi Arabia within five years.
The collaboration is a highlight to support Saudi Vision 2030.
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