Emerson Signs Agreement with Saudi Aramco Reinforcing Support for IKTVA and Saudi Vision 2030

Memorandum of understanding was signed at the iktva 2022 Forum & Exhibition

January 27, 2022 – Emerson (NYSE: EMR) signed a memorandum of understanding with Saudi Arabian Oil Co. at the iktva 2022 Forum & Exhibition recently. The agreement reinforces Emerson and Saudi Aramco’s partnership in advancing localization initiatives in the Kingdom of Saudi Arabia.

The signing ceremony was attended by Vidya Ramnath, Emerson’s Middle East and Africa president, and Saudi Aramco Chief Engineer Dr. Khalid Al-Qahtani.

“We are grateful for the continued partnership with Saudi Aramco in supporting critical national initiatives such as the In-Kingdom Total Value Add Program and Saudi Vision 2030. Over the years, Emerson has made significant investments in our local manufacturing and service footprint across the kingdom, which is a testament to our commitment to our customers. We continue to explore collaboration opportunities that can further our contribution towards the development of this region,” Ramnath said.

The agreement recognizes Emerson as a major manufacturing and services provider of process automation systems and instrumentation, as well as operator of a central digital hub facility in the kingdom.

“Emerson’s relationship with Saudi Aramco has evolved from a supplier to a collaborative stakeholder that supports the development of local manufacturing from a capability, supply chain and talent perspective. As our manufacturing capabilities in Saudi Arabia have matured, we have built strong relationships with a robust in-kingdom supply chain ecosystem, and a particular focus on local small and medium enterprises. This agreement underlines our longstanding partnership grounded in our shared vision and goals for the local business and industrial landscape,” said Liam Hurley, vice president and general manager of Emerson’s Automation Solutions business in Saudi Arabia and Bahrain.

Over the past few years, Emerson has been continuously working with Saudi Aramco to identify opportunities within the Kingdom to localize elements of its services and solutions portfolio, including sub-components. This has led Emerson to expand its presence and scope through investments in local manufacturing and service. Currently, Emerson has manufacturing facilities in Jubail, Dammam and the Dhahran Techno Valley, which cover the entire suite of Emerson’s Automation Solutions portfolio. The company’s continued growth and expansion in the area is enabled by Emerson’s foreign commercial license granted by the government of Saudi Arabia, which allows 100% ownership in the kingdom’s trading sector.