Honeywell-Aramco Joint Venture Aims To Accelerate Sustainable Digitalization

Nov. 2, 2022
New joint venture is designed to deliver end-to-end digitalization for industrial companies.

Honeywell and Aramco sign a joint venture (JV) agreement to provide a set of end-to-end business process automation offerings under the Aramco Namaat Industrial Investments Program. The new offerings will leverage Aramco’s Plant.Digital platform (formerly Integrated Manufacturing Operations Management System – iMOMS) and Honeywell Connected Enterprise’s technology development and industrial digital offerings implementation.

The JV reportedly 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) offerings and digital transformation consulting.

The new JV is expected to create more than 300 jobs in Saudi Arabia within five years, according to Honeywell, supporting the Aramco Namaat Industrial Investments Program, which reportedly is designed to boost Saudi economic and workforce development.

The collaboration highlights the efforts of Aramco and Honeywell to support Saudi Vision 2030 – the national roadmap to transform the Kingdom of Saudi Arabia into an industrial powerhouse and a global logistics hub. The vision’s focus is on developing high-tech and knowledge-based careers that add significant value to the Saudi economy to compete globally, according to Honeywell.

Read the press release at: www.honeywell.com

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