Honeywell, Saudi Aramco partner for nextgen digital tech

Honeywell and Aramco have signed an agreement to explore the co-development and commercialization of next-generation digital technology solutions designed to help improve productivity, sustainability and operational excellence of industrial companies on a global scale.

The fully digital technology will leverage Aramco’s plant. Digital system and its technical and domain knowledge in end-to-end plant operations, combined with Honeywell’s global software development and commercialization expertise. It will be brought to market through a joint venture (JV) between the two companies that will also serve as a software system integrator to reduce time-to-value for customers.

Digital suite will provide industrial companies with the tools, processes and practices they need to run plant operations more effectively and will accelerate sustainable digital transformation and operational excellence initiatives across industries. This dynamic entity will emphasize on the development and deployment of Operations Technology (OT) solutions and Digital Transformation consulting.

The proposed JV is expected to create more than 500 jobs in Saudi Arabia within five years of its launch, supporting the country’s In-Kingdom Total Value Add (IKTVA) Program, designed to boost Saudi economic and workforce development.

“Aramco continues to pursue its Digital Transformation Program as part of its evolution to become the world's leading digitalized energy corporation,” said Nabil