NUSANED Investment™ Signs A Deal To Invest In A Local Reverse Engineering Company

Nusaned investment™, an investment company fully owned by SABIC with a mandate to invest in industrial SMEs and increase local content in the Kingdom’s industrial sector, signed an investment deal with DarTec Engineering Consulting.

DarTec, which was established in 2012, provides advanced reverse engineering services to important industrial organizations in KSA to enable mechanical spare part localization.
The deal between Nusaned Investment™, through Nusaned Fund managed by Albilad Capital, and DarTec will further strengthen the position of the company and accelerate its development as well as its regional and domestic outreach.

This new niche in the Saudi industrial space will get a boost and local content in the engineering services and spare parts market will increase with this agreement. It will also help satisfy the critical industrial spare parts demand by local suppliers and reach a state of self-sufficiency in key sectors like power plants, desalination, petrochemicals and defense.

The first step toward digital transformation and adapting Industry 4.0 technologies is by converting physical assets into digital, as DarTec service offering includes reverse engineering, 3D scanning, laboratory management and spare part prototyping.

“Investing in DarTec and partnering with such experienced founders fulfills Nusaned Investment’s mandate of investing in leading industrial SMEs in the Kingdom. The services of DarTec will help the industrial sector to localize spare parts supply chain, shorten lead time, reduce spare parts cost and develop local talent in new engineering sector,” said Faisal Al-Bahair, VP, Local Content & Business Development Unit and CEO of Nusaned Investment™.

DarTec’s co-founders Eng. Ayman AlNouri and Dr. Hashim AlZain said, “DarTec Engineering looks forward to working with existing and emerging local manufacturing facilities to maximize the utilization of their assets, which will grow into becoming the engine that would transition the Kingdom from a consumer-based economy to a knowledge-based one by 2030”.