Saudi Electricity Company (SEC) Officially Announces Acquisition of 30% Stake in NAMI, Expanding into 3D Printing to Drive Energy Industry Transformation

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October 26, 2025 News 158

The Saudi Electricity Company (SEC) has announced the signing of an agreement to acquire a 30% stake in the National Additive Manufacturing & Innovation Company (NAMI), a Saudi Arabian 3D printing service provider, making SEC a strategic investor in the company. Moving forward, SEC will collaborate with existing shareholders Dussur and US-based 3D Systems to drive NAMI's growth, aiming to accelerate the adoption of additive manufacturing technology in Saudi Arabia and support SEC in achieving supply chain localization and digital transformation.

SEC's Strategic Equity Investment in NAMI

As a joint venture established between 3D Systems and Saudi industrial investment company Dussur, NAMI will leverage its advanced additive manufacturing systems to produce critical components for SEC. Since its establishment in Riyadh in 2022, NAMI has built capabilities in both polymer and metal 3D printing, equipped with multiple industrial-grade systems including the DMP Factory 500 and DMP Flex 350 Dual. Currently, NAMI provides application engineering support for components such as pump impellers, fuel burners, and motor fans, aiming to help SEC reduce inventory levels and enhance supply chain responsiveness.

SEC's participation as both an investor and a customer is expected to further solidify NAMI's influence within the energy sector. NAMI plans to launch several new initiatives, including the digitalization of SEC's spare parts inventory, expansion of manufacturing capabilities, and extension of the 3D printing supply chain to meet the demands of the local energy and industrial markets.

Mr. Faisal Al-Tubayyeb, Chairman of NAMI's Board of Directors, stated: "This partnership solidifies NAMI's leading position in the additive manufacturing sector within Saudi Arabia and accelerates our progress in serving the Fourth Industrial Revolution." Mr. Mohammed Swaidan, CEO of NAMI, added: "SEC's investment underscores the significant potential of 3D printing in industrial localization and enhancing operational efficiency. We look forward to collaborating with SEC to promote localized development and supply chain resilience in the energy sector."

Reshaping the Local Energy Supply Chain

As early as 2024, to strengthen Saudi Arabia's industrial capabilities, NAMI proactively introduced a full suite of advanced additive manufacturing systems from 3D Systems, including the DMP Factory 500 and DMP Flex 350 Dual metal printers, and the SLS 380 polymer printer. These production-optimized, industrial-grade equipment have established a new ecosystem for manufacturing critical components locally.

Concurrently, NAMI also adopted the revolutionary "NoSupports" 3D printing strategy developed by 3D Systems' Application Innovation Group. This technology, deeply integrated with Oqton's 3DXpert software, enables support-free printing of large internal cavities, significantly improves the surface quality of overhanging structures, and reduces dimensional deviations caused by manual post-processing.

This transaction will also enhance collaboration between NAMI and SEC in corporate governance. By addressing the needs of the national utility company, it mitigates long-term investment risks in the additive manufacturing sector. NAMI anticipates that this model will create a strong demonstration effect, attracting more industrial enterprises to follow suit, thereby providing solid and sustainable support for the goals of industrial modernization and economic diversification outlined in Saudi Arabia's Vision 2030.