Honeywell sets up new facility for Oil & Gas Projects in Saudi Arabia

  • Date: 25-Jan-2022
  • Source: GCC Business News
  • Sector:Oil & Gas
  • Country:Gulf
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Honeywell sets up new facility for Oil & Gas Projects in Saudi Arabia

The American multinational conglomerate, Honeywell has launched a new production facility in Saudi Arabia to offer state-of-the-art infrastructure for the manufacturing and assembling of natural gas and liquid fuel solutions.

The new facility has been developed as part of a Joint Venture (JV) partnership between Honeywell’s Elster Instromet Saudi Arabia with the country’s leading total solutions provider, GAS Arabian Services.

One of the key features of the new production facility is the use of Elster precision solutions, a portfolio of Honeywell solutions that include extensive, end-to-end technologies for gas and liquid metering, as well as control applications for the oil and gas industry.

Through this new facility, Honeywell will provide both skids and stations solutions, along with automation and control systems. Honeywell is primarily using the new facility to service the approved solutions for Saudi Aramco.

The launch of the new production facility comes in line with the Memorandum of Understanding (MoU) signed between Honeywell and Saudi Aramco in 2017, which included Honeywell undertaking commercial efforts to assist Saudi Aramco in achieving the goals of the In-Kingdom Total Value Add (IKTVA) Program.

The IKTVA Program aims to achieve 70 percent localization of production and jobs, supporting the goals of Saudi Vision 2030. The new facility