Aramco and IBM aim to establish an Innovation Hub in Saudi Arabia

Aramco and IBM aim to establish an Innovation Hub in Saudi Arabia

Dhahran, Saudi Arabia - Aramco and IBM (NYSE: IBM) today announced preliminary plans for a strategic collaboration to establish an Innovation Hub in Riyadh, Saudi Arabia. The collaboration aims to support high-tech driven economic growth in the Kingdom of Saudi Arabia leveraging emerging technologies in hybrid cloud, AI, and quantum computing to address objectives including circular economy, materials science, supply chain, sustainability, security, and digitization.

Aramco Senior Vice President of Technical Services, Ahmad Al Sa’adi, said: “The strategic collaboration of Aramco’s leadership with IBM’s enhanced technologies, R&D, and deep expertise, aspires to achieve potential breakthroughs in the energy sector that will have industry-wide impact. Through this collaboration, we are seeking to leverage the next frontiers in computing to drive economic growth and enable decarbonization through digital technologies.”

Aramco is one of the world’s leading integrated energy and chemicals company, supporting the sustainable and diversified expansion of the Kingdom’s economy, and contributing towards a globally competitive and vibrant Saudi energy sector.

“Through this strategic collaboration with Aramco, we aim to reinforce our commitment to be part of the Kingdom’s future by aligning with its 2030 vision for a digital led economy,” said Saad Toma, General Manager, IBM Middle East and Africa. “This collaboration aims