Saudi Electricity Company (SEC) signs to acquire 30% stake in NAMI
Partnership with Dussur and 3D Systems aims to localize supply chains and scale 3D printing infrastructure across the energy sector
Saudi Electricity Company (SEC) has signed an agreement to acquire a 30% Stake in the National Additive Manufacturing and Innovation Company (NAMI) and become a strategic investor, joining existing shareholders Dussur and U.S.-based 3D Systems. The move is intended to accelerate the adoption of additive manufacturing in Saudi Arabia and support SEC’s supply chain localization and digital transformation goals.
Established in 2022, NAMI has built out polymer and metal 3D printing capabilities at its facility in Riyadh, using advanced systems such as the DMP Factory 500, DMP Flex 350 Dual, Figure 4, SLS 380, and SLA 750. The company provides application engineering support for components like pump impellers, fuel burners, motor fans, heat sinks, and heat exchangers, helping SEC reduce inventory and increase supply chain responsiveness.
The addition of SEC as both investor and customer is expected to deepen NAMI’s footprint in the energy sector. The company is preparing to launch several new initiatives, including digitizing SEC’s spare parts inventory, expanding its manufacturing capacity, and developing a broader 3D printing supply chain.
“This partnership solidifies NAMI as the additive manufacturing national champion in the Kingdom of Saudi Arabia, further accelerating our traction in serving the Fourth Industrial Revolution,” said Faisal Al-Tubayyeb, Chairman of the Board at NAMI.
NAMI CEO Mohammed Swaidan said SEC’s investment reflects growing recognition of 3D printing as a tool for industrial localization 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,” he said.
The deal strengthens NAMI’s governance with SEC’s corporate policies and de-risks long-term investment in additive manufacturing by securing demand from a national utility. The company expects the partnership to draw more industrial players toward adopting 3D printing and contribute to Saudi Arabia’s Vision 2030 goals of industrial modernization and local content development.
