Ori, a UK-based provider of cloud infrastructure for AI, has secured a key strategic investment from Wa’ed Ventures, Saudi Aramco’s venture capital arm. The investment is intended to fuel Ori’s expansion into Saudi Arabia and the Middle East, while fostering AI innovation in the MENA region. Financial details of the investmentRead More…
droppGroup (“dropp”) has announced the signing of an industry-first Web3 Technology Memorandum of Understanding with Aramco, to explore how the parties may collaborate together to apply dropp’s proprietary Web3 technology in furtherance of the Kingdom of Saudi Arabia’s “Vision 2030” quality of life program. Through this collaboration, dropp and AramcoRead More…
Saudi Arabia’s Aramco has announced a strategic partnership with Zoom and an increase in funding for Wa’ed Ventures. The announcements were made at the second edition of LEAP, a major international technology conference held annually in the Kingdom of Saudi Arabia. The strategic partnership with Aramco aims to build Zoom’sRead More…
Terra Drone is the first Asian startup to raise funding from Wa’ed Ventures, the venture capital of the 2nd biggest company in the world by market cap, Aramco Japanese drone and air mobility technology company Terra Drone Corporation has raised $14 million in funding from Wa’ed Ventures, the venture capitalRead More…
Aspen Technology has announced a partnership with Aramco to introduce a unique, integrated modelling and optimization solution that will enable capital intensive industries to achieve practical and economic solutions for Carbon Capture and Utilization (CCU). The new solution is based on technology developed by Aramco collaboratively with the Korea AdvancedRead More…
Honeywell and Aramco have announced the signing of a joint venture (JV) agreement to provide a set of end-to-end business process automation solutions, under the Aramco Namaat Industrial Investments Program. The new JV offerings will leverage Aramco’s Plant.Digital platform (formerly Integrated Manufacturing Operations Management System – iMOMS) as well asRead More…
Aramco and Cognite have launched CNTXT, a joint venture based in the Kingdom of Saudi Arabia. Headquartered in Riyadh, CNTXT will support industrial digitalization in the Kingdom and the wider MENA region.Read More…
Honeywell announced that it has been won a major contract by SEPCO Electric Power Construction Corporation (SEPCO) to supply connected control, telecommunications, safety and security systems for the King Salman International Complex for Maritime Industries and Services shipyard being developed by Aramco in Ras Al-Khair, Saudi Arabia.Read More…
Saudi Aramco Development Company, a subsidiary of Aramco, today announced it had teamed up with Google Cloud to offer high-performance, low-latency cloud services to enterprise customers in Saudi Arabia.Read More…
The ever-destructive Shamoon has returned. This time around, the malware took aim at companies in Saudi Arabia, including the General Authority of Civil Aviation in the Kingdom of Saudi Arabia. We spoke to regional industry experts to get their views on the attacks and ways to keep such attacks atRead More…
Saudi Aramco, Princess Nourah University (PNU) and Wipro Arabia join hands to give Saudi Arabia its first all Women Business & Technology Park.Read More…
