ABB Limited and Sabic have signed a new global cooperation agreement to focus on strategic framework for healthy development of high-technology industries and potential technology ventures across the world.
Strengthening their existing relationship at strategic and working levels enables them to use their combined experience to develop next-generation solutions for a market currently growing at 16 percent per annum.
The Home of Innovation is a Sabic growth initiative. This undertaking combines marketing, innovation and technology to create demand and grows business on a local, regional and global level. It connects Sabic with industry-leading companies to identify market needs and develop the groundbreaking solutions that answer them.
The memorandum of understanding (MoU) was signed by Sabic’s Uwaidh Al-Harthi, executive vice president of innovation & business development, and Peter Terwiesch, president, industrial automation division and member of the group executive committee of ABB Limited.
This partnership gives Sabic greater access to ABB’s integrated industrial internet offering and cloud infrastructure. This technological platform, which is known as ABB Ability and is proven across a wide range of technologies and industries, makes it easier for companies to harness the power of industrial data to improve decision-making.
“This agreement is an important step in achieving Sabic's passion to support the national transformation program, and Saudi Vision 2030. ABB’s deep technology expertise will play a formative role in nurturing this technological development," said Al-Harthi.
ABB Limited and Sabic have signed a new global cooperation agreement to focus on strategic framework for healthy development of high-technology industries and potential technology ventures across the world.
Strengthening their existing relationship at strategic and working levels enables them to use their combined experience to develop next-generation solutions for a market currently growing at 16 percent per annum.
The Home of Innovation is a Sabic growth initiative. This undertaking combines marketing, innovation and technology to create demand and grows business on a local, regional and global level. It connects Sabic with industry-leading companies to identify market needs and develop the groundbreaking solutions that answer them.
The memorandum of understanding (MoU) was signed by Sabic’s Uwaidh Al-Harthi, executive vice president of innovation & business development, and Peter Terwiesch, president, industrial automation division and member of the group executive committee of ABB Limited.
This partnership gives Sabic greater access to ABB’s integrated industrial internet offering and cloud infrastructure. This technological platform, which is known as ABB Ability and is proven across a wide range of technologies and industries, makes it easier for companies to harness the power of industrial data to improve decision-making.
“This agreement is an important step in achieving Sabic's passion to support the national transformation program, and Saudi Vision 2030. ABB’s deep technology expertise will play a formative role in nurturing this technological development," said Al-Harthi.
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