A strategic partnership has formed between Aramco Digital, the tech-forward arm of Aramco, and LTIMindtree, setting the stage for a new IT services enterprise in the Kingdom of Saudi Arabia.
Under the umbrella of the Aramco Namaat Industrial Investments Program, this joint initiative is poised to drive forward the digital transformation agenda and supply IT services across the Kingdom of Saudi Arabia as well as the broader MENA region.
Information has surfaced that LTIMindtree has secured a 51% share in the joint venture with Aramco Digital, a branch of the Saudi oil giant, Aramco.
The upcoming venture is anticipated to be a beacon of innovation, showcasing cutting-edge digital services and transformative capabilities in industry 4.0 systems integration. The collaboration aligns with the Kingdom’s Vision 2030, aiming to generate high-value jobs for Saudi nationals in the burgeoning IT sector.
Nabil Al Nuaim, a senior figure at Aramco in charge of Digital and Information Technology, and serving on the board of Aramco Digital, remarked, This is a critical partnership designed to harness the potential of digital transformation, opening doors to innovation and sustainability within the region. Our joint venture is committed to the localization of the IT services sector, job creation, and setting the stage for a prosperous future in the Kingdom.
Sudhir Chaturvedi, a top executive at LTIMindtree, expressed, Our company is fully in sync with the objectives of Saudi Vision 2030. We are honored to be the chosen partner for this joint venture. With KSA and the MENA region being among the most rapidly advancing areas in technology adoption, we are dedicated to spurring technology-led growth within the region. Together with Aramco Digital, we intend to apply our global expertise and harness new technologies to catalyze digital transformation for mega projects, government entities, and key growth sectors such as energy, manufacturing, and financial services.
Tareq Amin, CEO of Aramco Digital, shared his enthusiasm for the partnership: This collaboration is perfectly in line with Aramco Digital’s mission to offer tailored, scalable solutions that meet the high demand. The synergistic blend of Aramco Digital’s business acumen and LTIMindtree’s profound engineering prowess and customer experience offerings holds the promise to deliver substantial benefits to the region. It underscores our shared commitment to Vision 2030 and to providing top-tier, sustainable value to our stakeholders, while also focusing on creating local job opportunities and fostering cutting-edge expertise.