Saudi King oversees signing of agreements with Tunisia

audi Arabia's King Salman bin Abdulaziz Al Saud and Tunisia's Prime Minister Youssef Chahed attend the signing of two agreements between the two countries in Riyadh. (SPA)
Updated 13 December 2018
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Saudi King oversees signing of agreements with Tunisia

  • King Salman and Tunisia's Prime Minister Youssef Chahed have signed two Memorandums of Understanding (MoU) between the governments of both states

RIYADH: Saudi Arabia’s King Salman and Tunisia's Prime Minister Youssef Chahed have signed two Memorandums of Understanding (MoU) between the governments of both states at the Al-Auja Palace in Diriyah, the Saudi Press Agency reported.

The agreements were signed on the Kingdom’s side by Ahmed Aqeel Al-Khateeb of the Saudi Fund for Development (SFD), and on the Tunisian side, by Tunisian Minister of Development, Investment and International Cooperation Ziad Al-Athari. They signed a loan agreement for the implementation of the second phase of the Integrated Agricultural Development Project in Joumin, Ghazala and Sijnan in Tunisia.

The loan agreement, between the SFD and Tunisia, is aimed at improving the supply of potable water in the rural area of the Tunisian governorate of Bizerte.

A MoU was also signed to extend the Saudi grant for maintenance of the King Abdulaziz Mosque in the Tunisian capital of Tunis.


Saudi Aramco recognized as a leader in the Fourth Industrial Revolution

Updated 22 January 2019
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Saudi Aramco recognized as a leader in the Fourth Industrial Revolution

JEDDAH: Saudi Aramco’s Uthmaniyah Gas Plant (UGP) has been recognized by the World Economic Forum (WEF) as a “Lighthouse” manufacturing facility and a leader in technology applications of the Fourth Industrial Revolution. 
Saudi Aramco is the first energy company globally to be included in this select group of manufacturing sites. The plant is also the only facility in the Middle East to be recognized by WEF. 
The announcement was made ahead of WEFs annual meeting in Davos, Switzerland.
The gas plant is one of the world’s largest gas processing plants and was commissioned in 1981 as part of Saudi Aramco’s Master Gas System to process associated gas from oil wells. 
The use of drones and wearable technologies to inspect pipelines and machinery has helped cut inspection time by 90% in this industrial facility.
“The recognition of the Uthmaniyah Gas Plant demonstrates Saudi Aramco’s shift to transform and adapt in the rapidly changing global energy landscape. Uthmaniyah is only one part of our large integrated energy value chain where IR 4.0 technologies are playing a critical role to enable significant capital and operational efficiencies,” said Amin H. Nasser, Chief Executive Officer of Saudi Aramco.
The seven new facilities join nine other “Manufacturing Lighthouses” which WEF unveiled in September 2018. The 16 factories were selected from an initial list of 1,000 manufacturers based on their successful implementation of cutting-edge technologies of the future that drive financial and operational impact.
The “Lighthouse” program was conducted by WEF in collaboration with McKinsey during a year-long study. A study team visited UGP in Saudi Arabia and performed a thorough audit.