Schneider Electric expands presence in the Saudi market and signs agreements with several government and private entities
Paris (France), April 10, 2018 – Schneider Electric, the leader in digital transformation of energy management and automation, has signed an official agreement and three Memorandums of Understanding (MoU) with several public and private Saudi companies to develop infrastructure, foster innovation through digital technologies and contribute to sustainable growth in the Kingdom of Saudi Arabia. The announcements were made during a ceremony held at the French Ministry for Europe and Foreign Affairs in the presence of Jean-Pascal Tricoire, Chairman & CEO of Schneider Electric.
Eng. Najib Al-Naim, President of Schneider Electric Saudi Arabia, expressed pride over signing this series of agreements, which emphasize the confidence and prestige of Schneider Electric in the Saudi market in particular, and in the region in general. "All these agreements are in line with the company's intention and aim to harness all its capabilities to contribute effectively and significantly to the achievement of the objectives of the national transformation and ambitious Saudi Vision 2030," said. Eng. Najib Al-Naim. “We are determined to leverage our expertise and potential to contribute to achieving the ambitious Saudi Vision 2030,” added Jean-Pascal Tricoire.
Accelerating collaboration between Saudi Aramco and Schneider Electric
Schneider Electric and Saudi Aramco concluded a Master Agreement for strategic projects covering procurement and supply agreements, sales and spare parts management over the next five years. The Agreement will accelerate operations between the two parties, and reduce lead time for development and implementation. The Master Agreement has been signed by Amin H. Al-Nasser, President and Chief Executive Officer of Saudi Aramco, and Jean-Pascal Tricoire, CEO and Chairman of Schneider Electric.
Developing local competencies with SABIC
Schneider Electric concluded a Memorandum of Understanding (MoU) with the Saudi Basic Industries Corporation (SABIC) to explore localization of Schneider Electric products, services and solutions, leveraging SABIC’s “Nusaned” initiative; and to promote initiatives to develop and train local competencies leveraging SABIC's "Muahal” initiative. The MoU was signed in the presence of Yousef Abdullah Al-Benyan, Vice Chairman and Chief Executive Officer of SABIC, and Engineer, Fuad Mosa, Vice President of SABIC's Local Content & Business Development Unit (LCBDU).
Digitizing Saudi electrical grid
Schneider Electric signed a Memorandum of Understanding (MoU) with the Saudi Electricity Company (SEC) to develop Saudi electrical grid infrastructure on the long-term by identifying key digital technologies for the network. Schneider Electric will also provide training for the Saudi Electricity Company employees, with a focus on exploring areas of industries localization, environmental issues and regulatory challenges. The MoU was signed in the presence of Sulaiman Al Habishi, Vice President for Supply and Contracts.
Implementing Fourth Industrial Revolution technologies in the Kingdom of Saudi Arabia
Schneider Electric signed a Memorandum of Understanding (MoU) with Petro Rabigh to collaborate on Fourth Industrial Revolution technologies; process optimization on sustainability, integrity and reliability; and human capital development. To this aim, Schneider Electric will leverage EcoStruxure™, its IoT-enabled, plug and play, open, interoperable, architecture and platform. EcoStruxure™ delivers enhanced value around safety, reliability, efficiency, sustainability, and connectivity. EcoStruxure™ leverages advancements in IoT, mobility, sensing, cloud, analytics and cybersecurity to deliver Innovation at every level, from Connected Products, Edge Control to Apps, Analytics & Services. EcoStruxure™ has been deployed in 480,000+ installations, with the support of 20,000+ system integrators, connecting over 1.5 million assets. The objective is to help Petro Rabigh achieve increased throughput, increased yield, and improve reliability and manage risk in certain aspects of its operations. The Memorandum was signed in the presence of the President & CEO, Nasser D. Al-Mahasher.