Elm, a pioneering digital solution company, signed a cooperation agreement with the Saudi Mining Services Company (ESNAD), to jointly improve the business efficiency and quality of industrial complexes and mining sector, by employing the latest technologies.
The agreement was concluded on the sidelines of LEAP 2023 taking place in Riyadh from 6 to 9 February 2023. It was signed by Dr. Nasser bin Zaid Al-Meshari, Elm's VP of Business Sector, and Ahmed Al-Otaif, ESNAD's General Manager of Procurement and Strategic Alliances. Under this agreement, Elm and ESNAD will cooperate and leverage top-tier technologies to enhance the controls tools and methodologies applied to mining activities in the Kingdom, uplift the quality of industrial establishments and complexes to the highest international standards, apply best practices and governance principles, and promote business in the sector.
The agreement provides for unifying the efforts of both parties and employing Elm's leading technical capabilities to upgrade the integrated solutions and services system provided by ESNAD to local and international investors in the Saudi mining field, develop the mining sector, and monitor and control its financial and regulatory compliance.
This step is part of the Kingdom's efforts to increase the contribution of the mining sector to the GDP and make it the third pillar of industry in the Kingdom, in addition to the oil and petrochemical industries, by optimally leveraging mineral resources and developing their industries. By leveraging cutting-edge technologies, Elm-ESNAD cooperation will help raise business efficiency in the sector, drive sustainability, raise transparency and reliability in various mining activities, ensure optimal utilization of mineral resources, protect the environment, enhance the safety of workers, and expand investment prospects.
Majid bin Saad Al-Arifi, Elm's Spokesperson and Executive Vice President of Marketing, said: "We are pleased to conclude a cooperation agreement with ESNAD to help upgrade its business in various fields. This agreement is an embodiment of our commitment to work with various entities in the Kingdom, and an illustration of our advanced digital transformation and technology services capabilities. This agreement is crucial given the role that ESNAD plays in the management of regulatory activities and quality assurance in the mining sector, which is a vital sector with fundamental contributions to the Kingdom's economy."
Al-Arifi added: "We are confidently looking at the joint work prospects offered by this agreement in the context of the technical progress in ESNAD's fields of work. We look forward to employing world-class digital solutions and services to enhance control and inspection activities in various industrial complexes in the Kingdom, and support sustainability in the mining sector by applying best practices and ensuring compliance with governance and environmental protection standards. We also strive to pave the way for a comprehensive digital transformation, which contributes to developing the investment environment in the mining sector and promoting the sector to local and global investors, thus impacting the mineral industries and ensuring an optimal utilization of resources in the Kingdom."
This agreement was signed as part of Elm's participation in LEAP 2023, the World's Leading Technology Event. Through its participation in the conference, Elm showcased a portfolio of leading technology solutions, products, and services that it has developed to support the development of various sectors in the Kingdom. Elm also highlighted its excellent capabilities in managing and implementing digital projects and its consultancy services supporting digital transformation in various fields. The company also showcased its remarkable contributions to achieving digital transformation in the region and its role in raising performance and enhancing the efficiency of operations based on cutting-edge technologies.