Nesma & Partners, a leading Saudi EPC contractor, offering full-fledged services in the industrial, oil and gas, civil and buildings, and infrastructure sectors, entered an international joint venture (IJV) with the international engineering company Kent to create a local Saudi company. Nesma Kent shall support the execution of Saudi Aramco’s EPC projects within the industrial sector as part of the new National EPC Champion program announced by Aramco on 28th June 2022.
The IJV will create a new local Saudi company, Nesma Kent, with the goal of building an autonomous engineering center of excellence in Kingdom within five years. Committed to transferring skills and knowledge to local Saudi workforce, the new company will establish a tailored training program for Saudi Nationals as well as run out of Kingdom rotations for Saudi engineers to Kent’s global engineering centers to maximize and accelerate the knowledge transfer process.
In addition, the partnership will undertake to develop new capabilities in engineering, procurement, and construction services in the Kingdom relating to carbon capture, blue hydrogen, and blue ammonia technologies.
The IJV will see both companies working together and deploying technologies from inception to cover engineering, procurement, and construction. Deploying such technologies will minimize dependence on manual labor, enhance competitiveness, advance execution through schedule and cost improvements, and include visualization, data integration, asset management, digital twin, analytics & artificial intelligence, cyber resilience, and low carbon technologies.
The MoU was signed by Abdulaziz Alturki, Chairman of the Board of Directors of Nesma & Partners and John Gilley, CEO of Kent. Many other notable dignitaries from both the companies were also present on the occasion.