Chennai, NFAPost; 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 proposed 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 Programme.
LTIMindtree President and Executive Board Member Sudhir Chaturvedi 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,” said LTIMindtree President and Executive Board Member Sudhir Chaturvedi.
With Aramco Digital, LTIMindtree President and Executive Board Member Sudhir Chaturvedi said the company will bring its 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.
Aramco senior Vice President of Digital and Information Technology and Board Member Of Aramco Digital Nabil Al Nuaim 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 localisation of the IT services vital sector, create valuable jobs, and pave the way for a brighter future in the Kingdom,” said Aramco senior Vice President of Digital and Information Technology and Board Member Of Aramco Digital Nabil Al Nuaim.
Aramco Digital CEO Tareq Amin said the company is excited about this collaboration, which will align with Aramco Digital’s solutions offerings, which capitalize on high demand for customised 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,” said Aramco Digital CEO Tareq Amin.
He said it reinforces joint efforts to support Vision 2030 and deliver world-class and sustainable value to the company’s customers and employees, while working toward creating local jobs and expertise with a competitive edge.
