Invixium signs Memorandum of Understanding with Saudi Aramco


Eve Goode
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Invixium has announced that it has signed a Memorandum of Understanding (MoU) with Saudi Aramco.
The MoU advances the In-Kingdom Total Value Add (IKTVA) program, an initiative that drives long-term economic growth and localisation initiatives in Saudi Arabia.
The MoU signing ceremony was attended by Shiraz Kapadia, CEO & President of Invixium and Abdullah
Alghamdi, Senior Vice President, Safety and Industrial Security, Aramco.
“Deepening our presence in the region”
Shiraz Kapadia, CEO & President, Invixium commented: “Saudi Arabia is our largest market thanks to strategic customers like Saudi Aramco.
“Aligned with the goals of the IKTVA Program and Saudi Vision 2030, we are committed to deepening our presence in the region by establishing our office and a production/assembly facility in the Kingdom in the foreseeable future.
“This will enable us to locally manufacture our biometric solutions, generate employment opportunities and develop biometric innovation and engineering expertise in the region.”
Commitment
IKTVA aims to establish a level playing field for suppliers through transparent processes, the
creation of supplier-focused partnerships and regular quality assessments.
The companies note that the MoU recognises Invixium as a leading face recognition access control solutions provider in Saudi Arabia and strengthens its partnership with Aramco.
It underscores their shared commitment to advancing localisation initiatives, fostering innovation and contributing to workforce development within the Kingdom.