3D Systems announces three milestones in Saudi Arabian growth initiative

3D Systems (DDD) and the Saudi Arabian Industrial Investments Company owned by the Public Investment Fund, Saudi Aramco, and SABIC, established the National Additive Manufacturing Innovation Company, or NAMI, in 2022 to help enable Saudi Arabia’s Vision 2030 Program. NAMI brings metal and polymer 3D printing and application expertise to the Kingdom with the support of 3D Systems’ hardware solutions, materials and applications. Saudi Electric Company has signed an agreement to subscribe to a 30% stake in NAMI to reduce costs for high-demand spare parts, accelerate production and supply timelines, and advance digital warehousing. Leveraging its experience in energy applications, 3D Systems will support NAMI in driving this transformation. Modern Isotopes Factory has signed a framework agreement of $26M with NAMI involving the manufacture of up to 2,000 tungsten core components used in non-destructive testing devices for pipeline and welding inspection. These components replace depleted uranium-based parts, aligning with regulatory and localization goals within Saudi Arabia. Lockheed Martin (LMT) recently announced a collaboration with NAMI to qualify and additively manufacture critical military and aerospace components in the Kingdom of Saudi Arabia. Parts produced through this partnership are expected to serve international aerospace and defense markets, reinforcing Saudi Arabia’s role in global supply chains. 3D Systems’ Direct Metal Printing technology and application expertise will play a central role in producing these components and expanding advanced manufacturing capabilities within the Kingdom. In commenting on the progress 3D Systems is making in Saudi Arabia, Jeffrey Graves, president and CEO of 3D Systems said, “In Saudi Arabia, we’re witnessing a thoughtful yet rapid transformation across every aspect of the economy and society. Vision 2030, launched by Crown Prince Mohammed bin Salman, is building a vibrant, diverse, and innovative economy anchored by a strong local manufacturing base. This creates tremendous opportunities for disruptive technologies like 3D printing to thrive. Through our partnership with Dussur, we’re proud to contribute to this progress by bringing advanced application expertise and additive manufacturing technologies into the Kingdom. With NAMI, we can deliver everything from component manufacturing to the sale and servicing of printer fleets, enabling OEMs to localize production. Our ambition is to be a key technology partner supporting the Kingdom’s industrial future. We’re especially pleased to welcome Saudi Electric Company as a partner in our joint venture and both Lockheed Martin and MIF as key customers for NAMI moving forward.”