Published on: March 27, 2023
Saudi Aramco has announced a partnership with Samsung Electronics, a leading Korean conglomerate, to establish a localized industrial 5G technology ecosystem in Saudi Arabia. The collaboration will begin with the development of private networks within the country. The two companies have signed a non-binding memorandum of understanding (MoU) for the proposed partnership plans.
The main objective of the collaboration is to contribute to the digital transformation of various industrial sectors in Saudi Arabia, including energy, petrochemicals, and manufacturing, by utilizing advanced 4G and 5G technologies that provide secure, fast, and reliable communication to meet critical business requirements.
The MoU follows the recent launch of Aramco Digital Company, which aims to accelerate the digital transformation in the Kingdom of Saudi Arabia, as well as the Middle East and North Africa (MENA) region. This partnership between Saudi Aramco and Samsung Electronics is expected to bring about a significant boost to the technological capabilities of the industrial sector in Saudi Arabia, further driving its economic growth and development.
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