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.



S&P Global Upgrades Credit Rating of Saudi Arabia to A+ with Stable Outlook

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat
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S&P Global Upgrades Credit Rating of Saudi Arabia to A+ with Stable Outlook

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat

Credit rating agency S&P Global upgraded Saudi Arabia’s local and foreign currency credit rating to A+ with a stable outlook.

In its report, the agency stated that the upgrade with a stable outlook reflects the Kingdom's continued progress in economic diversification, sustained growth of the non-oil sector, and development of the local capital market.

These factors help offset the risks associated with rising external sovereign debt, which is being strategically invested to achieve the objectives of Saudi Vision 2030 while managing debt servicing costs.

The agency highlights the Kingdom's measures to spur investments that will support non-oil growth prospects and economic resiliency over the medium term.

As a result, S&P forecasts real gross domestic product (GDP) growth to average 4% over 2025-2028.

The agency expects the Kingdom’s fiscal deficit to average 4.2% of GDP during the same period, driven by transformational spending aimed at accelerating economic diversification.

Furthermore, it is expected that the Kingdom will maintain its comfortable net asset position. Saudi Arabia has seen multiple credit rating upgrades from global rating agencies over the past few years.

These advancements reflect the Kingdom's improved institutional strength and ongoing implementation of structural reforms. They are enabling a successful economic transformation and unprecedented economic diversification in the context of fiscal sustainability and enhanced financial planning efficiency that will continue to support its strong and resilient fiscal position.