{"id":2323,"date":"2022-11-01T09:28:40","date_gmt":"2022-11-01T09:28:40","guid":{"rendered":"http:\/\/plant-digital.local\/?p=2323"},"modified":"2023-11-21T13:16:21","modified_gmt":"2023-11-21T13:16:21","slug":"honeywell-and-aramco-announce-joint-venture-for-new-intelligent-operations-software-solution","status":"publish","type":"post","link":"https:\/\/plant.digital\/?p=2323","title":{"rendered":"Honeywell And Aramco Announce Joint Venture For New Intelligent Operations Software Solution"},"content":{"rendered":"\n

DHAHRAN, Saudi Arabia, Nov. 1, 2022 \u2014 Honeywell (Nasdaq: HON) 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 technology solutions can be offered to a wide range of industrial sectors to help maximize profitability, improve productivity, sustainability and operational excellence, on a global scale. The new JV offerings will leverage Aramco\u2019s Plant.Digital platform (formerly Integrated Manufacturing Operations Management System \u2013 iMOMS), as well as Honeywell\u2019s technology development and industrial digital solutions implementation experience.
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The JV aims to equip industrial companies with the tools, processes and practices they need to run plant operations more effectively and accelerate sustainable digital transformation and operational excellence initiatives. It will emphasize the development, integration and deployment of Operations Technology (OT) solutions and Digital Transformation consulting.

\u201cThis JV agreement with Honeywell is expected to bring new jobs to the market, contribute to economic growth and serves as another way in which Aramco continues to pursue its Digital Transformation program as part of its evolution to become the world\u2019s leading digitalized energy corporation,\u201d said Ahmad Al Sa\u2019adi, SVP Technical Services at Aramco.

This solution combines Aramco\u2019s Plant.Digital platform and its technical and domain knowledge in end-to-end plant operations with Honeywell\u2019s global software development, systems integration capabilities and commercialization expertise to help industrial companies become more sustainable while maximizing yield, reducing downtime, improving plant productivity and increasing profit.

\u201cThe powerful combination of Aramco\u2019s business, operations, technology and Plant.Digital delivery expertise, coupled with Honeywell\u2019s proven experience in industrial software and big data analytics solutions, as well as our long tenure in the Kingdom, is anticipated to unlock tremendous value for the industry,\u201d said Kevin Dehoff, President and CEO, Honeywell Connected Enterprise.

The new JV is expected to create more than 300 jobs in Saudi Arabia within five years, supporting the Aramco Namaat Industrial Investments Program, which is designed to boost Saudi economic and workforce development.

The collaboration highlights Aramco and Honeywell effort to support Saudi Vision 2030 \u2013 the national roadmap to transform the Kingdom into an industrial powerhouse and a global investment hub. The vision\u2019s focus is on developing high-tech and knowledge-based careers that add significant value to the Saudi economy to compete globally.

Honeywell and Aramco have partnered for more than 60 years to drive Saudi Arabia\u2019s industrial leadership forward through technology and innovation. This JV is the latest milestone in that journey, building on an MoU signed between Honeywell and Aramco in September 2021 to explore the co-development and commercialization of a next-generation digital technology solution for industrial companies. The companies also signed an MoU in 2017 to explore the benefits of Honeywell\u2019s Industrial Internet of Things (IIoT) offering in support of Saudi Vision 2030.<\/p>\n","protected":false},"excerpt":{"rendered":"

DHAHRAN, Saudi Arabia, Nov. 1, 2022 \u2014 Honeywell (Nasdaq: HON) 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 technology solutions can be offered to a wide range of industrial sectors to help maximize […]<\/p>\n","protected":false},"author":1,"featured_media":5076,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-2323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/plant.digital\/index.php?rest_route=\/wp\/v2\/posts\/2323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plant.digital\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plant.digital\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plant.digital\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/plant.digital\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2323"}],"version-history":[{"count":1,"href":"https:\/\/plant.digital\/index.php?rest_route=\/wp\/v2\/posts\/2323\/revisions"}],"predecessor-version":[{"id":6629,"href":"https:\/\/plant.digital\/index.php?rest_route=\/wp\/v2\/posts\/2323\/revisions\/6629"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plant.digital\/index.php?rest_route=\/wp\/v2\/media\/5076"}],"wp:attachment":[{"href":"https:\/\/plant.digital\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plant.digital\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plant.digital\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}