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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

Saudi to Adopt Global Index for Driving 4th Industrial Revolution in Kingdom’s Factories

INCIT CEO, Raimund Klein (left) and NIDLP CEO, Suliman Almazroua signing an agreement for Industrial Transformation (INCIT) to drive the adoption of the Industry 4.0 focused and Singapore-developed Smart Industry Readiness Index (SIRI) throughout the Kingdom. (Asharq Al-Awsat)

Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP) signed on Sunday a partnership with the Singapore-based International Center for Industrial Transformation (INCIT) to drive the adoption of the Industry 4.0 focused and Singapore-developed Smart Industry Readiness Index (SIRI) throughout the Kingdom.

The SIRI comprises a suite of digital frameworks and tools to help manufacturers across all industries start, scale, and sustain their manufacturing transformation journeys.

According to a statement, NIDLP aims to transform the Kingdom into a “leading industrial powerhouse and a global logistics hub” by maximizing the value of its mining and energy sectors while “unlocking the full potential of local content and the 4th Industrial Revolution (4IR)”.

NIDLP contributes to driving the Kingdom’s economic diversification towards sustainable growth by fostering a “globally attractive investment environment”.

Through this partnership, NIDLP aimed to adapt SIRI at 4,000 production facilities across the country.

The adoption of SIRI across manufacturing facilities will significantly help NIDLP in their goal of developing a sustainable comparative advantage that will place the Kingdom at the forefront of investment attractiveness.

NIDLP CEO, Suliman Almazroua, said the partnership would see the opening of a training and certification center in which the “Smart Industry Readiness Index - Assessor training courses and examinations were designed to develop a deep understanding and prioritization framework”.

The framework will increase awareness and set aspirations for manufacturers in digital transformation, according to Almazroua.

“We will assign local champions who will be multipliers to scale the Smart Industry Readiness Index in the country with experience in Industry, Government Ministry or Business Consultancy,” he added.

SIRI serves to support the adoption of Industry 4.0 technologies across manufacturing communities around the world.

SIRI covers the three core elements of Industry 4.0: process, technology, and organization.

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