Multinational industry-specific tech solutions firm Honeywell and Saudi Aramco have announced the signing of a joint venture (JV) agreement to provide a set of end-to-end business process automation solutions, under the Aramco Namaat Industrial Investments Program.
The technology solutions can be offered to a wide range of industrial sectors to help maximize profitability, and improve productivity, sustainability, and operational excellence, on a global scale.
Read more: Saudi Aramco… turning big ideas into bigger realities
The new JV offerings will leverage Aramco’s digital platform (formerly Integrated Manufacturing Operations Management System – iMOMS) as well as Honeywell Connected Enterprise’s technology development and industrial digital solutions implementation experience.
The JV aims to equip industrial companies with the tools, processes, and practices they need to run plant operations more effectively and accelerate sustainable digital transformation and operational excellence initiatives. It will emphasize the development, integration, and deployment of Operations Technology (OT) solutions and Digital Transformation consulting.
The new JV is expected to create more than 300 jobs in Saudi Arabia within five years, supporting the Aramco Namaat Industrial Investments Program, which is designed to boost Saudi economic and workforce development.
