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Al Moammar Information Systems (MIS) announces the signing of a maritime emergency monitoring and response centre project contract with Saudi Investment Recycling Company (SIRC) for a total value of SAR 183,847,611.20 (inclusive of VAT)

MIS 7200 34.45% 184.20 47.20
Element List Explanation
Introduction Al Moammar Information Systems (MIS) announces the signing of a maritime emergency monitoring and response centre project contract with the Saudi Investment Recycling Company (SIRC) with a total value of SAR 183,847,611.20 (inclusive of VAT) to build an integrated system of advanced technical solutions and enable SAIL to immediately monitor and early warning of oil spills in the Arabian Gulf and Red Sea regions.

The solutions provided include the use of the best international technologies in the field of artificial intelligence, augmented reality, data analysis with digital twinning techniques (Digital Twins) and satellite solutions with securing a network of drones and a comprehensive monitoring system through several fixed and mobile control centres that work around the clock to ensure a quick response to the team specialized in dealing with these events.

Date of Announcement of the Award 2023-04-13 Corresponding to 1444-09-22
Contract Subject Matter Building an integrated system of advanced technical solutions and enabling SAIL to immediately monitor and early warning of oil spills in the Arabian Gulf and Red Sea regions.

The solutions provided include the use of the best international technologies in the field of artificial intelligence, augmented reality, data analysis with digital twinning techniques (Digital Twins) and satellite solutions with securing a network of drones and a comprehensive monitoring system through several fixed and mobile control centres that work around the clock to ensure a quick response to the team specialized in dealing with these events.

Date of Signing the Contract 2023-07-19 Corresponding to 1445-01-01
Contract Value SAR 183,847,611.20 (inclusive of VAT)
Contract Details Building an integrated system of advanced technical solutions and enabling SAIL to immediately monitor and early warning of oil spills in the Arabian Gulf and Red Sea regions.

The solutions provided include the use of the best international technologies in the field of artificial intelligence, augmented reality, data analysis with digital twinning techniques (Digital Twins) and satellite solutions with securing a network of drones and a comprehensive monitoring system through several fixed and mobile control centres that work around the clock to ensure a quick response to the team specialized in dealing with these events.

Contract Duration one (1) year
Financial Impact and the Relevant Period Positive financial impact from the third quarter of 2023 to the Second quarter of 2024.
Related Parties Not applicable
Additional Information Not Applicable

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