Mitsubishi Hitachi signing moves the dial on partnership
Saudi Aramco is committed to doing business differently, encouraging the company’s strategic partners to purchase locally manufactured goods and services, and encouraging the creation of local jobs for Saudi citizens.
Last week, Saudi Aramco signed a corporate procurement agreement (CPA) with Mitsubishi Hitachi Power Systems Limited, committing them as partners in developing new technologies in the Kingdom, fostering manufacturing industries and service providers, and creating jobs for Saudi citizens.
Signaling the importance of the event, Saudi Aramco’s Upstream senior vice president Amin H. Nasser, Gas Operations vice president Ahmed Al-Sa’adi, and Materials Supply executive director Nabeel A. Al-Mansour attended the event, while Mitsubishi Hitachi Power Systems senior vice president Ken Kawai and a team of senior management from its Tokyo, Dubai and al-Khobar offices represented Mitsubishi Hitachi.
Saudi Aramco has relied on Mitsubishi Hitachi for years as a supplier of power systems, Al-Mansour said, but the CPA “is just one tool to enhance our strategic relationship.”
“I think it is good that we have the agreement signed and sealed, and what we would like to see now is action on the ground, in localization of facilities and services,” he said.
Abdullah Al-Warthan, manager of the Projects and Strategic Procurement Department, said the CPA “is really moving our two companies forward from the tactical and transactional to a more strategic partnership. You have the technology, the know-how and the quality, and we need you to be part of the business for many years to come.”
“Thanks to Saudi Aramco’s continuous support and understanding, we concluded the CPA, which will open a new stage of our relationship,” said Kawai at the event.. “In concluding this agreement we have already established a local entity in al-Khobar.”
Kawai said the new entity, called MHPS-Saudi, will be able to provide comprehensive services to Saudi Aramco, including component repair, “and the education for young Saudi engineers and Saudization through technical training.”
Mitsubishi Hitachi “would like to show you our commitment to the further economic development to the Kingdom of Saudi Arabia, through our local entity. We believe MHPS-Saudi will add great value, excellent quality to Saudi Aramco. We will do our best to contribute to Saudi Aramco."