Saudi Arabia-headquartered integrated energy and chemicals company Saudi Aramco has launched Aramco Digital Company, a wholly owned subsidiary that aims to accelerate digital transformation within the Kingdom and the MENA region. Speaking at the seventh edition of the In-Kingdom Total Value Add (iktva) Forum and Exhibition held in January this year, Saudi Aramco President and CEO Amin Nasser said that the new subsidiary is aimed at reinforcing Saudi Aramco’s leadership in artificial intelligence (AI) in the energy sector.
In investing SAR1.9 billion over the next three years (which will be its biggest investment in the digital sector to date), Saudi Aramco also aims to drive digital innovation across the wider Saudi industry, and grow the digital economy through a network of partnerships, projects, and joint ventures. As reported by Zawya, Ahmad A. Al-Sa’adi, Aramco Executive Vice President of Technical Services, said that the local supplier ecosystem is a top priority for Aramco, as well as a major contributor to the Kingdom’s economy.
“Through this mega program we are helping to create a culture of innovation and provide high quality jobs for our growing population,” he added. “The launch of Aramco Digital Company is a great example of such innovation in action, providing state-of-the-art AI and emerging technology expertise in a vital sector of the economy.”