Aramco Digital, the digital and technology arm of Aramco, has entered into a strategic partnership with LTIMindtree, a leader in technology consulting and digital solutions. The collaboration, formalized through a shareholders’ agreement, aims to establish an IT services company within the Kingdom.
The prospective venture, poised to demonstrate innovation in action, will offer disruptive digital services and industry 4.0 systems integration solutions. It is envisioned to play a pivotal role in realizing the objectives outlined in Saudi Arabia’s Vision 2030, particularly by generating employment opportunities for highly skilled Saudis within the technology sector.
The joint initiative falls under the Aramco Namaat Industrial Investments Program, underscoring the commitment of both entities to contribute to the Kingdom’s economic diversification efforts. Sudhir Chaturvedi, President and Executive Board Member of LTIMindtree, expressed enthusiasm about the partnership, affirming the company’s alignment with Saudi Vision 2030 and its readiness to deliver technology-led growth to the region.
Nabil Al Nuaim, Aramco Senior Vice President of Digital and Information Technology, emphasized the strategic importance of the collaboration, highlighting its potential to drive digital transformation and foster innovation and sustainability across the region. He underscored the venture’s role in promoting localization within the critical IT services sector and creating valuable job opportunities for Saudi nationals.
Tareq Amin, CEO of Aramco Digital, echoed the sentiment of excitement, emphasizing the synergies between the two entities and their shared commitment to delivering value to customers and employees. He emphasized the potential of the partnership to leverage Aramco Digital’s solutions offerings and LTIMindtree’s engineering expertise to address the evolving needs of key sectors such as government, energy, manufacturing, and financial services.
The collaboration between Aramco Digital and LTIMindtree is poised to catalyze technological innovation and drive sustainable growth in Saudi Arabia, aligning closely with the objectives of Vision 2030. As both entities leverage their respective strengths and capabilities, they aim to create a competitive edge while nurturing local talent and expertise in the burgeoning tech landscape of the Kingdom.
