Saudi Electricity Company signs agreement to acquire a 30% stake in NAMI

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 In a landmark move set to accelerate ֱ’s advanced manufacturing, application development and reverse engineering capabilities, the Saudi Electricity Company signed an agreement to join the ֱn Industrial Investment Company, known as Dussur, and global 3D printing pioneer 3D Systems, as a strategic investor in the National Additive Manufacturing and Innovation Company. The move will further strengthen the company’s position as a national leader in additive manufacturing.

Since its establishment, NAMI has been shaped by the strategic vision of its founding shareholders to lead the industrial transformation through additive manufacturing across priority sectors in the Kingdom. The company was launched to localize advanced manufacturing technologies and enable knowledge transfer, positioning it as a leading force in modern industrial capabilities.

Founded to champion the adoption of additive manufacturing across key sectors such as energy, aerospace and defense, automotive, consumer goods, and medical industries, NAMI is at the forefront of delivering cutting-edge 3D printing solutions tailored to the Kingdom’s industrial needs.

In recent years, NAMI has developed a strong capability to offer additive manufacturing solutions within the Kingdom, including the full range of advanced polymer and metal printing technologies, along with a highly skilled application engineering organization to support the rapidly growing Saudi customer base. Since its inception in 2022, NAMI has built a fully capable application center and component manufacturing facility in Riyadh, utilizing 3D Systems’ most advanced printing systems, including the DMP Factory 500 and DMP Flex 350 Dual for metal components, and the Figure 4, SLS 380 and SLA 750 for polymer products, all of which are needed to support its collaboration with the SEC and other emerging customers in the Kingdom.

These solutions are being used to deliver high-performance components such as pump impellers, fuel burners, motor fans, heat sinks, and heat exchangers while reducing SEC’s physical inventory requirements. SEC’s investment reflects its strategic ambition to optimize its supply chain by digitizing its inventory, lowering spare parts costs, and increasing supply chain agility, a move aligned with its broader digital transformation and localization goals.

The addition of SEC as a strategic shareholder will enhance NAMI’s credibility within the energy sector, while reinforcing its ongoing commitment to other industries. With strong backing from Dussur, 3D Systems, and now SEC, NAMI is well-positioned to accelerate its growth and establish itself as the national leader in additive manufacturing.

As both a strategic investor and a core customer, SEC will play a vital role in expanding 3D printing infrastructure within the energy sector and driving the broader industrial application of additive manufacturing across the Kingdom.

“This partnership solidifies NAMI as the additive manufacturing national champion in the Kingdom of ֱ, further accelerating our traction in serving the fourth industrial revolution through fostering innovation and digitization in line with Vision 2030,” said Faisal Al-Tubayyeb, chairman of the board, NAMI.

With SEC on board after completion of the transaction, NAMI is set to launch several strategic initiatives. These include developing a comprehensive digital inventory for SEC’s spare parts, building a robust additive manufacturing supply chain to serve both SEC and other industries, expanding production capabilities, and accelerating spare parts digitization to drive innovation and operational efficiency.

“We are proud of joining forces with SEC, whose confidence in our strategic direction reflects the growing importance of advanced manufacturing and 3D printing in driving localization and supply chain resilience in the energy sector,” said Mohammed Swaidan, CEO of NAMI.

As part of this milestone, NAMI is positioned with strong confidence to achieve its demand targets, supported by SEC’s backing to extend its service capabilities. The collaboration enhances NAMI’s market credibility, underscoring its ability to serve as a major industrial player within the energy sector. Moreover, NAMI’s governance framework will be further strengthened through the adoption of SEC’s well-established corporate policies and procedures. This partnership will significantly accelerate the growth of the 3D printing market in ֱ.

By securing consistent demand from a key national entity like SEC, the partnership de-risks investment in 3D printing infrastructure, encourages local supply chain development, and demonstrates the viability of additive manufacturing at industrial scale. This will likely attract further industrial players to explore 3D printing solutions, supporting the broader national goal of localizing advanced manufacturing and building a resilient industrial ecosystem.

Looking ahead, NAMI will begin integrating SEC’s strategic input into its growth roadmap, with a focus on scaling production capabilities and expanding its service offering across key industrial sectors with streamlined communication and fast-tracked application development.