Saudi Aramco Invests Millions In Japanese Drone Company To Create Subsidiary

📆 30/1/2023 3:20 AM
📰 Forbes

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Saudi Aramco, the world's leading oil producer, is making a multi-million dollar investment in Japanese drone and air mobility technology company Terra Drone as it seeks to fall in line with Saudi Arabia's long-term initiative to reduce the nation's dependence on hydrocarbons, the companies annou...

an initiative by Saudi Arabia to build and diversify its economy while reducing the nation's dependency on hydrocarbons through the use of advanced technologies, such as drones for inspecting oil and gas lines.

unit continues to grow. Based in the Netherlands the company specializes in conducting inspections in confined environments such as storage tanks mainly for the oil and gas industries but extend to the food and beverage and power and waster incinteration sectors.

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