Aramco Wins Global Infrastructure Award

The company has made a technological revolution in the management of residential and commercial facilities and services at its main headquarters. (Aramco)
The company has made a technological revolution in the management of residential and commercial facilities and services at its main headquarters. (Aramco)
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Aramco Wins Global Infrastructure Award

The company has made a technological revolution in the management of residential and commercial facilities and services at its main headquarters. (Aramco)
The company has made a technological revolution in the management of residential and commercial facilities and services at its main headquarters. (Aramco)

Saudi Aramco has been recognized on the world stage for its adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technology.

An awards event took place at the Smart City Expo World Congress on Wednesday in Barcelona.

The company's A'amer platform was granted the Infrastructure & Building Award for making a revolution in the management of residential and commercial facilities and services at Aramco’s main headquarters.

A'amer elevates urban living through integrated services across the city of Dhahran (eastern Saudi Arabia).

“We are thrilled to be recognized on the world stage for our work in smart city development, which is essential to meet the changing needs and expectations of urban communities,” said Talal Al Marri, Aramco Senior Vice President of Community Services.

“Our aim is to provide not only basic services like transportation and utilities but also a range of amenities and services that enhance people’s quality of life. As our understanding of cities evolves, so too must their infrastructure reflect an increasingly interconnected, technology-driven, and more sustainable way of living,” he added.

Nabil Al Nuaim, Aramco Senior Vice President of Digital and Information Technology, commented: “This award is a proud moment for us and a recognition of the positive impact we are making through the deployment of cutting-edge digital technologies, such as IoT and AI.”

“The A’amer platform is a prime example of how Aramco is harnessing the Fourth Industrial Revolution to positively shape its operations and enhance the lives of its employees, both inside and outside the workplace.”

A’amer optimizes building operations, space planning, and asset management across Aramco’s Dhahran facilities, using centralized data to predict, detect, and solve issues. It enables predictive, data-led maintenance and operation of all city services with an accessible, unified public service interface.

The platform provides substantial efficiency and sustainability-focused benefits, including annual savings of 1.7 billion gallons of water and 20.5GWh of annual energy. The platform has also resulted in a 31% increase in process optimization, a 40% increase in steps automation, and over a 30% increase in efficiency.



Turkish Annual Inflation Falls More Than Expected to 44.38%

A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo
A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo
TT

Turkish Annual Inflation Falls More Than Expected to 44.38%

A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo
A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo

Turkish annual consumer price inflation fell more than expected to 44.38% in December, official data showed on Friday, with education, housing and restaurant prices leading the rise.

Month on month, inflation was 1.03%, the Turkish Statistical Institute said, compared with 2.24% in November. Annual consumer price inflation (CPI) was 47.09% in November.

Furniture prices rose 2.78% from the previous month, data showed, while telecoms-related prices gained by 1.82%.

In a Reuters poll, the annual inflation rate was expected to fall to 45.2%, with the monthly figure seen at 1.61%, owing to easing food price inflation and a limited rise in energy prices.

The latest inflation print was close to the central bank's midpoint prediction of 44% for the end of 2024.

The bank, having kept its main interest rate steady at 50% since March, launched an easing cycle last week, cutting the policy rate by 250 basis points to 47.5%.

The bank said it will set policy "prudently" meeting by meeting with a focus on the inflation outlook while responding to any expected "significant and persistent deterioration".

The Turkish lira was little changed after the data at 35.3850 to the dollar, hovering around the record lows.

The domestic producer price index was up 0.4% month on month in December for an annual rise of 28.52%, the data showed.