SAP partners with Saudi Aramco to establish cloud-based digital marketplace

SAP is partnering with Saudi Aramco to create a new solutions platform to enable the energy giant to launch a digital business marketplace for its buyers and suppliers.

Saudi Aramco said the move forms part of its digital transformation strategy and will help it and its global subsidiaries to manage and simplify real-time collaboration between their buyers and suppliers.

Aramco will be able to run cloud-based business applications to optimise business processes and costs, and enhance customer and supplier relationships.

Aramco will be the first Saudi-based company to run solutions on the SAP Cloud Hub, and is one of the first steps in SAP’s $76mn four-year programme in the Kindom that includes: the establishment of a public cloud data centre; an open platform for local developers; and a co-innovation center to support Saudi companies.

RELATED ARTICLES:

• SAP Ariba driving value in the digital economy

• UK financial watchdog proposes new rules to bring Saudi Aramco IPO to London

• Saudi Aramco, Dussur, and Hyundai Heavy Industries sign MoU for engine collaboration

The platform will offer Aramco e-bidding, e-sourcing, contracts life-cycle management and supplier onboarding, to create a collaborative supply chain environment that will enhance supply chain efficiency and open wider business opportunities for the local and regional supplier-base.

“Saudi Aramco is showing global leadership in digital business innovation in the oil and gas sector. Through the SAP Cloud Hub, SAP continues to co-innovate with the Kingdom’s leading players to drive Saudi Vision 2030 digital transformation and support Saudi job creation through our academies,” said Ahmed Al-Faifi, Managing Director of SAP Saudi Arabia, Bahrain, and Yemen.

Mohammad AlZaubi, Global Director for Saudi Aramco, SAP, said: “Using the Ariba business platform, Saudi Aramco buyers and suppliers can gain new levels of business competitiveness, and simpler, smarter sourcing. SAP fully supports Saudi Aramco’s digital transformation agenda for long-term and sustainable business and economic growth.”