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LTIMindtree joins Aramco Digital to set up new IT company in Saudi Arabia
The firms will support Saudi Arabia’s Vision 2030 to create high-skill jobs
LTIMindtree has joined Aramco Digital to create a new IT services company in the Kingdom of Saudi Arabia. / Supplied
Indian technology and digital services company LTIMindtree has joined forces with Aramco Digital, the digital and technology subsidiary of Aramco, one of the world's largest integrated energy and chemicals companies, to create a new IT services company in the Kingdom of Saudi Arabia.
The new joint venture will offer disruptive digital services and Industry 4.0 system integration capabilities. It will support Saudi Arabia’s Vision 2030 by creating highly skilled jobs for Saudis in this sector.
LTIMindtree president, 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. We are committed to delivering new technology-led growth to the region. With Aramco Digital, we will bring our 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.”
Nabil Al Nuaim, Aramco’s senior vice president of digital and information technology, 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 localization of the IT services vital sector, create valuable jobs, and pave the way for a brighter future in the Kingdom.”
Aramco Digital CEO Tareq Amin said, “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. It reinforces our joint efforts to support Vision 2030 and deliver world-class and sustainable value to our customers and employees while working toward creating local jobs and expertise with a competitive edge.”
Aramco Digital was created by the parent company Aramco in January 2023 and has signed up 200+ businesses since then, for its AI-first digital solutions. Earlier this year, it joined with Intel to set up the first Open RAN (Radio Access Network) Development Centre in the Kingdom. The state-owned Aramco is the world's largest oil producer.
LTIMindtree is a Mumbai-based Indian multinational infotech company and a subsidiary of Larsen and Toubro, which acquired Bangalore-based IT products and services company Mindtree in 2019.
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