Latest news with #Aramco
Zawya
13 hours ago
- Business
- Zawya
NMDC Energy commences fabrication at Ras Al-Khair yard, Saudi Arabia
DAMMAM - NMDC Energy, a leading provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, has started fabrication at its advanced yard in Ras Al-Khair, Saudi Arabia. Strategically located within the Ras Al-Khair Special Economic Zone, the 400,000 square metre fabrication yard is designed to serve both offshore and onshore projects, with an annual production capacity of 40,000 tonnes. Equipped with advanced automation and digital systems, the facility delivers full-spectrum fabrication, rigging, maintenance, and modularisation services for complex energy infrastructure. NMDC Energy has invested AED200 million to create productive and safe facilities at the Ras Al-Khair yard, with the aim of reducing emissions. By embedding advanced technologies, NMDC Energy is delivering advanced solutions that align with the energy sector's needs while helping to support Aramco. Mohamed Hamad Almehairi, Chairman of NMDC Energy, said, 'The launch of fabrication activities in Ras Al-Khair represents a major step forward in our regional expansion strategy. With over 51 years of experience, NMDC Energy is proud to bring its legacy of excellence to the Kingdom, creating new opportunities for prosperity across Saudi Arabia, the UAE, and the wider region." The yard is already operational – with nine offshore jackets currently in production for long-standing client Aramco – as NMDC Energy continues to deliver complex fabrication in the Kingdom, in line with national industrial and localization goals. The milestone broadens NMDC's client base across the Kingdom and supports Saudi Vision 2030 by adding strategic industrial capacity. To enable seamless execution across projects, more than 1,800 experienced employees will be mobilised from Abu Dhabi to Saudi Arabia, ensuring rigorous quality control and the smooth delivery of advanced infrastructure projects. The Ras Al-Khair yard is central to NMDC Energy's Saudi strategy and localization roadmap. Over the past five years, the company has reinvested billions of riyals into the Saudi economy and is on track to increase its In-Kingdom Total Value Add (iktva) score to 39 percent by 2025 and 51 percent by 2028. As an anchor tenant in the Ras Al-Khair Special Economic Zone, NMDC Energy supports further trade, investment, and employment growth in Saudi Arabia. NMDC Energy plans to leverage the full capabilities of the Ras Al-Khair yard to enable joint innovations and shared prosperity across the energy and manufacturing sectors.
Zawya
16 hours ago
- Business
- Zawya
NMDC Energy commences fabrication at Ras Al-Khair yard, supporting industrial growth in Saudi Arabia
Dammam, Saudi Arabia: NMDC Energy, a leading provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, has started fabrication at its advanced yard in Ras Al-Khair, Saudi Arabia. The first steel cut marks the start of operations and positions the facility as a supporter of the Kingdom's industrial growth and energy ambitions. Strategically located within the Ras Al-Khair Special Economic Zone, the 400,000 square meter fabrication yard is designed to serve both offshore and onshore projects, with an annual production capacity of 40,000 tonnes. Equipped with advanced automation and digital systems, the facility delivers full-spectrum fabrication, rigging, maintenance, and modularization services for complex energy infrastructure. NMDC Energy has invested AED 200 million to create productive and safe facilities at the Ras Al-Khair yard, with the aim of reducing emissions. By embedding advanced technologies, NMDC Energy is delivering advanced solutions that align with the energy sector's needs while helping to support Aramco. Mr. Mohamed Hamad Almehairi, Chairman of NMDC Energy, said: 'The launch of fabrication activities in Ras Al-Khair represents a major step forward in our regional expansion strategy. With over 51 years of experience, NMDC Energy is proud to bring its legacy of excellence to the Kingdom, creating new opportunities for prosperity across Saudi Arabia, the UAE, and the wider region. 'This yard is more than an operational asset – it is a long-term investment in Saudi Arabia's industrial infrastructure and a key pillar of our vision to support economic diversification, local capability, and regional energy transformation. It reflects our group-wide commitment to unlocking value in priority markets and delivering scale through partnerships.' The yard is already operational – with nine offshore jackets currently in production for long-standing client Aramco – as NMDC Energy continues to deliver complex fabrication in the Kingdom, in line with national industrial and localization goals. The milestone broadens NMDC's client base across the Kingdom and supports Saudi Vision 2030 by adding strategic industrial capacity. To enable seamless execution across projects, more than 1,800 experienced employees will be mobilized from Abu Dhabi to Saudi Arabia, ensuring rigorous quality control and the smooth delivery of advanced infrastructure projects. The Ras Al-Khair yard is central to NMDC Energy's Saudi strategy and localization roadmap. Over the past five years, the company has reinvested billions of riyals into the Saudi economy and is on track to increase its In-Kingdom Total Value Add (iktva) score to 39% by 2025 and 51% by 2028. Eng. Ahmed Al Dhaheri, CEO of NMDC Energy, commented: 'The Ras Al-Khair fabrication yard reflects our long-term commitment to Saudi Arabia's localization goals and our capacity to deliver complex projects at scale. With over five decades of experience, NMDC Energy is well-positioned to support the Kingdom's industrial ambitions and deliver world-class infrastructure to clients like Aramco. This step reinforces our role in supporting the Gulf's future as a global energy and manufacturing hub.' As an anchor tenant in the Ras Al-Khair Special Economic Zone, NMDC Energy supports further trade, investment, and employment growth in Saudi Arabia. The start of fabrication marks a new phase in NMDC Energy's growth, as it expands its regional footprint and supports strategic industries across the Gulf through the delivery of advanced infrastructure. NMDC Energy plans to leverage the full capabilities of the Ras Al-Khair yard to enable joint innovations and shared prosperity across the energy and manufacturing sectors.
Zawya
17 hours ago
- Business
- Zawya
Cloudera, Aramco team up on AI solutions for digital O&G sector
Cloudera, a data, analytics, and AI hybrid platform, and Aramco, a leading integrated energy and chemicals company, have signed a Memorandum of Understanding (MoU) to collaborate on AI-powered solutions and applications for the digital oil and gas sector in Saudi Arabia. The MoU aims to localise cutting-edge technologies, create new opportunities, and drive sustainable growth in the country. The partnership will focus on upskilling Saudi local talent in data engineering, data science, and analytics, aligning with the vision of making modern data and analytics accessible and fostering an empowered workforce. Ahmad Issa, Regional Vice President of the Middle East for Cloudera, said: 'In seeking to collaborate with Aramco, our goal is to empower local professionals with the tools and knowledge they need to thrive in a data-driven economy. By investing in human capital, we're supporting individual careers while contributing to the broader ecosystem of innovation and growth in Saudi Arabia.' The MoU also includes exploring collaborative research and development initiatives, exploring emerging trends and technologies in big data, AI, and data science. Issa continued: 'By seeking to collaborate with Aramco, we intend to blend its industry expertise with our innovative data solutions to drive meaningful impact for Saudi Arabia's digital transformation. We're excited about the opportunity to contribute to Saudi Arabia's digital economy, working with world-class organisations like Aramco to make smarter, data-driven decisions to stay ahead in today's fast-paced world.' The goal is to drive innovation that drives AI-powered solutions and applications that support the growth of the digital oil and gas sector in Saudi Arabia. Issa concluded: 'As we are seeking to collaborate with Aramco, we reaffirm our commitment to helping enterprises accelerate their AI aspirations in a secure and responsible way. Together, we plan to unlock the true potential of data and support Saudi Arabia's digital economy.'
Web Release
a day ago
- Business
- Web Release
Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia
Cloudera , a leading hybrid platform for data, analytics, and AI, and Aramco, one of the world's leading integrated energy and chemicals companies, have agreed on a Memorandum of Understanding (MoU). The MoU outlines plans for joint efforts to leverage Cloudera's platform and Aramco's industry expertise to build AI-powered solutions and applications that support the growth of the digital oil and gas sector in Saudi Arabia. Amid the rapid evolution of technology, this proposed collaboration aims to see both parties work together to further localize cutting-edge technologies, create new opportunities, and drive sustainable growth in the country. Upskilling Saudi talent in data and AI The parties plan to develop and upskill Saudi local talent in programs tailored to Saudi Arabia's workforce needs, with a focus on upskilling Saudi talent in data engineering, data science, and analytics. Ahmad Issa, Regional Vice President of the Middle East for Cloudera, said: 'In seeking to collaborate with Aramco, our goal is to empower local professionals with the tools and knowledge they need to thrive in a data-driven economy. By investing in human capital, we're supporting individual careers while contributing to the broader ecosystem of innovation and growth in Saudi Arabia.' This focus on skills development aligns with the joint vision of making modern data and analytics accessible and fostering an empowered workforce ready to tackle the challenges of tomorrow. Unlocking business value through data-driven solutions Under the proposed collaboration, Cloudera and Aramco plan to jointly develop and implement data-driven solutions that leverage Cloudera's platform to further enhance Aramco's operational efficiency and competitiveness. By combining their expertise, the two companies aim to work together to unlock new insights and drive business value through advanced data management, security, and analytics capabilities. Issa continued: 'By seeking to collaborate with Aramco, we intend to blend its industry expertise with our innovative data solutions to drive meaningful impact for Saudi Arabia's digital transformation. 'We're excited about the opportunity to contribute to Saudi Arabia's digital economy, working with world-class organizations like Aramco to make smarter, data-driven decisions to stay ahead in today's fast-paced world.' Driving R&D innovation in AI and big data Under the MoU, the parties have agreed to explore collaborative research and development initiatives. Cloudera and Aramco also plan to explore emerging trends and technologies in big data, AI, and data science. By pooling resources and expertise, the parties are aiming to fuel innovation that drives AI-powered solutions and applications that support the growth of the digital oil and gas sector in Saudi Arabia. Cloudera's hybrid data-cloud solutions offer a robust foundation for securely managing data across environments while maintaining unified governance and real-time analytics capabilities. This aligns with Aramco's forward-looking vision in the data and AI field, and the two parties are planning to collaborate and drive innovation in the rapidly evolving global landscape. Issa concluded: 'As we are seeking to collaborate with Aramco, we reaffirm our commitment to helping enterprises accelerate their AI aspirations in a secure and responsible way. Together, we plan to unlock the true potential of data and support Saudi Arabia's digital economy.'
Channel Post MEA
a day ago
- Business
- Channel Post MEA
Cloudera And Aramco To Drive AI-Driven Digital Innovation In Saudi Arabia
Cloudera and Aramco have agreed on a Memorandum of Understanding (MoU). The MoU outlines plans for joint efforts to leverage Cloudera's platform and Aramco's industry expertise to build AI-powered solutions and applications that support the growth of the digital oil and gas sector in Saudi Arabia. Amid the rapid evolution of technology, this proposed collaboration aims to see both parties work together to further localize cutting-edge technologies, create new opportunities, and drive sustainable growth in the country. Upskilling Saudi talent in data and AI The parties plan to develop and upskill Saudi local talent in programs tailored to Saudi Arabia's workforce needs, with a focus on upskilling Saudi talent in data engineering, data science, and analytics. Ahmad Issa, Regional Vice President of the Middle East for Cloudera, said: 'In seeking to collaborate with Aramco, our goal is to empower local professionals with the tools and knowledge they need to thrive in a data-driven economy. By investing in human capital, we're supporting individual careers while contributing to the broader ecosystem of innovation and growth in Saudi Arabia.' This focus on skills development aligns with the joint vision of making modern data and analytics accessible and fostering an empowered workforce ready to tackle the challenges of tomorrow. Unlocking business value through data-driven solutions Under the proposed collaboration, Cloudera and Aramco plan to jointly develop and implement data-driven solutions that leverage Cloudera's platform to further enhance Aramco's operational efficiency and competitiveness. By combining their expertise, the two companies aim to work together to unlock new insights and drive business value through advanced data management, security, and analytics capabilities. Issa continued: 'By seeking to collaborate with Aramco, we intend to blend its industry expertise with our innovative data solutions to drive meaningful impact for Saudi Arabia's digital transformation. 'We're excited about the opportunity to contribute to Saudi Arabia's digital economy, working with world-class organizations like Aramco to make smarter, data-driven decisions to stay ahead in today's fast-paced world.' Driving R&D innovation in AI and big data Under the MoU, the parties have agreed to explore collaborative research and development initiatives. Cloudera and Aramco also plan to explore emerging trends and technologies in big data, AI, and data science. By pooling resources and expertise, the parties are aiming to fuel innovation that drives AI-powered solutions and applications that support the growth of the digital oil and gas sector in Saudi Arabia. Cloudera's hybrid data-cloud solutions offer a robust foundation for securely managing data across environments while maintaining unified governance and real-time analytics capabilities. This aligns with Aramco's forward-looking vision in the data and AI field, and the two parties are planning to collaborate and drive innovation in the rapidly evolving global landscape. Issa concluded: 'As we are seeking to collaborate with Aramco, we reaffirm our commitment to helping enterprises accelerate their AI aspirations in a secure and responsible way. Together, we plan to unlock the true potential of data and support Saudi Arabia's digital economy.'
