Honeywell and Aramco have signed a joint venture (JV) agreement to provide a set of end-to-end business process automation solutions, under the Aramco Namaat Industrial Investments Program. The new JV offerings will leverage Aramco’s Plant.Digital platform (formerly Integrated Manufacturing Operations Management System – iMOMS) as well as Honeywell Connected Enterprise’s technology development and industrial digital solutions implementation experience.
The JV 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) solutions and Digital Transformation consulting.
This offering combines Aramco’s Plant.Digital platform and its technical and domain knowledge in end-to-end plant operations with Honeywell’s global software development, systems integration capabilities and commercialization expertise to help industrial companies become more sustainable while maximizing yield, reducing downtime, improving plant productivity and increasing profit. This agreement is also expected to create more than 300 jobs in Saudi Arabia within five years.
“This JV agreement with Honeywell is expected to bring new jobs to the market, contribute to economic growth and serves as another way in which Aramco continues to pursue its Digital Transformation program as part of its evolution to become the world’s leading digitalized energy corporation,” said Ahmad Al Sa’adi, SVP Technical Services at Aramco
