Saudi Press

Saudi Arabia and the world
Friday, Aug 08, 2025

Saudi Aramco and Advanced Electronics team up to boost kingdom's digital ecosystem

Saudi Aramco and Advanced Electronics team up to boost kingdom's digital ecosystem

Partnership to encourage the wider adoption of new-age technologies to boost GDP and create jobs
Saudi Aramco, the world's biggest oil producer, and Riyadh-based Advanced Electronics Company have signed a preliminary agreement to further develop the kingdom’s digital ecosystem and accelerate the localisation of digital businesses.

The partnership aims to spur the wider adoption of the Internet of Things, computing and communication, robotics, drones and semiconductors to complement the ongoing expansion of Saudi Arabia's digital ecosystem.

This, in turn, would maximise local content, contribute to the kingdom’s gross domestic product growth, create new jobs, accelerate digital talent development and enhance Aramco’s reliability and operational efficiency.

“This partnership aims to help us to develop technologies and local talent as we work with leading technology providers to add value to the company and wider economy,” Ahmad Al Sa’adi, Aramco's senior vice president for technical services, said in a statement on Thursday.

Saudi Arabia has taken various measures to accelerate the development of its digital expertise to diversify its economy away from oil.

The kingdom's technological advancements have complemented the reforms it had rolled out over the past few years, as it aims to become a dynamic business, tourism and cultural destination.

In September, Saudi Arabia announced that it will provide up to $4 million in loans to start-ups and small and medium enterprises in a bid to boost its digital economy and attract new investment in the sector.

Saudi Aramco, through its entrepreneurship arm Wa'ed, has become increasingly involved in supporting start-ups through investments, participating in funding rounds for tele-health platform Cura and FinTech firm Lamaa in the past few months.

Earlier this month, Wa'ed said it had awarded up to 7.65m Saudi riyals ($2.04m) in new seed grants and venture funds to four Saudi start-ups.

As part of the partnership with AEC, Aramco included the industrial digital business under the investment programme Aramco Namaat, which aims to complement the establishment of various digital hubs in the kingdom.

“The co-operation with Aramco is expected to contribute to the efficiency and value of the supply chains in the industrial digital businesses, especially at the engineering, manufacturing and services level, across many systems and products used in the ICT, security and energy sectors,” said Ziad Al Musallam, president and chief executive of AEC, which is a wholly-owned entity of Saudi Arabian Military Industries.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
×