Sary Diab, COO of Immensa. (Image source: Immensa)
Immensa, which is a digital manufacturer, is partnering with Intaj Suhar for Advanced Manufacturing (ISAM) in Oman to boost in-country manufacturing
In accordance with Immensa’s business model, which focuses on constructing digital warehouses catering to the energy sector to facilitate on-demand spare parts, the Memorandum of Understanding (MOU) will initiate collaboration to localise the manufacturing process in Oman. Immensa's expertise in digital inventory solutions and additive manufacturing, combined with ISAM’s local capabilities, will offer a comprehensive solution for Omani companies to procure locally manufactured parts.
Immensa operates within the global energy spare parts market, valued at US$91bn, with the Middle East accounting for 35% of this sector. It stands as the sole company to possess full control over the digital supply chain. Immensa collaborates closely with end users, disrupting the sector by offering digital warehouse solutions and establishing more agile supply chains. This is crucial as traditional structures often struggle to meet customer demands promptly and cost-effectively.
Growth in Oman
A digitised spare parts supply chain offers numerous tangible benefits for energy companies. These include financial advantages like cash release and reduced inventory ownership costs, as well as operational benefits such as localised production. Furthermore, it brings environmental benefits by minimising wastage and lowering the carbon footprint. Annually, energy companies collectively face unnecessary losses estimated at US$30bn.
For Immensa, Oman represents a significant milestone in its organic growth plans. The strategic partnership with ISAM will further accelerate the Company’s expanding regional presence.
Sary Diab, COO of Immensa, said, “We are delighted to sign this MOU with an esteemed manufacturer such as ISAM and extend our solution in Oman. It is an attractive market for Immensa and in line with our organic regional growth strategy. We also look forward to strengthening Oman's manufacturing sector and accelerating its adoption of cutting-edge technologies – in line with the country’s Manufacturing for Wellbeing and In Country Value strategies. We are committed to bettering the energy supply chain, benefitting local businesses operating in the wider sector, and boosting the Omani economy.”
Majid Al Hinai, General Manager of Intaj Suhar, said, “ISAM is excited to enter this collaboration with Immensa, which will greatly enrich ISAM's additive manufacturing capabilities AM. The partnership with Immensa, an esteemed AM manufacturer, aligns perfectly with ISAM's growth strategy and presents a tremendous opportunity to expand our solutions in the attractive market of Oman.
“This collaboration also aligns with ISAM's commitment to strengthen Oman's manufacturing sector and contribute to the country's Manufacturing and In Country Value strategies. By accelerating the adoption of cutting-edge technologies, we aim to enhance the energy supply chain by AM technology adoption and contribute to the growth of the Omani economy.
“This partnership will drive innovation, foster growth, and make significant contributions to the manufacturing industry in Oman and beyond, positively impacting local and regional economies.”
