Aramco Digital and LTIMindtree to Launch KSA Digital and IT Services Company
Aramco Digital, the digital and technology subsidiary of Aramco, and
LTIMindtree, a global technology consulting and digital solutions company, have
signed a shareholders’ agreement to create an IT services company in the
Kingdom of Saudi Arabia. The prospective company would showcase innovation in
action, including disruptive digital services, and transformative industry 4.0
systems integration capabilities. This collaboration is expected to support the
Kingdom’s Vision 2030 by creating highly skilled jobs for Saudis in this
sector.
The joint venture is being formed under the Aramco Namaat Industrial
Investments Program. Sudhir
Chaturvedi, President and Executive Board Member, LTIMindtree, said,
“LTIMindtree is fully aligned with the Saudi Vision 2030. We are pleased to
have been selected as the trusted partner for the joint venture. KSA and MENA
are amongst the fastest growing regions globally in the adoption of new technologies.
We are committed to delivering new technology-led growth to the region. With
Aramco Digital, we will bring our global capabilities and expertise and
leverage new technologies to deliver digital transformation suitable for giga
projects, the government sector, high growth industries, energy, manufacturing,
and the financial services sector.”
Nabil Al Nuaim, Aramco Senior Vice
President of Digital and Information Technology and a board member of Aramco
Digital, said, “This is a pivotal partnership effort to leverage
the power of digital transformation and unlock unprecedented opportunities for
innovation and sustainability in the region. The joint venture aims to foster
the localization of the IT services vital sector, create valuable jobs, and pave
the way for a brighter future in the Kingdom.”
Aramco Digital CEO, Tareq Amin said,
“We are excited about this collaboration, which will align with Aramco
Digital’s solutions offerings, which capitalize on high demand for customized
and scalable solutions. The powerful combination of Aramco Digital’s business,
coupled with LTIMindtree’s deep engineering capabilities and customer
experience solutions, has the potential to unlock tremendous value for the
region. It reinforces our joint efforts to support Vision 2030 and deliver
world-class and sustainable value to our customers and employees, while working
toward creating local jobs and expertise with a competitive edge.”
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