The startup's digital platform utilizes additive manufacturing (AM) technologies, better known as 3D printing, to enable organizations reduce the number of spare parts they have to physically store.
The 3D printing sector also saw a rapid surge in demand.
Dubai-headquartered Immensa Technology Labs reported that its business grew by nearly 400 percent in 2020, as global supply chains were disrupted, and operators scrambled to find an alternative.
“The pandemic was probably one of the biggest propellers for this technology, the year of COVID-19 is the year that 3D printing grew up and became mainstream,” CEO and founder of Immensa, Fahmi Al-Shawwa, told Arab News.
“3D printing saved the day,” he said, adding: “Whether it was in the medical sector, where we started producing components for hospitals to utilize, or things as big as old refineries, where there had been components that failed, and they could not resource the spare parts, we produced them.”
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DUBAI: Dubai-based Immensa Technology Labs has received approval for additive manufacturing (3D printing) from the Ministry of Investment in Saudi Arabia, representing the first license of its kind in the Kingdom. The move complements the Kingdom’s efforts to modernize its economy by adopting advanced manufacturing technologies, as well as attracting international companies
Immensa receives 3D printing licence in Saudi Arabia
RIYADH, 4 hours, 15 minutes ago Immensa Technology Labs, a leading additive manufacturing (3D Printing) company in the region, has been approved for additive manufacturing by Saudi Arabia’s Ministry of Investments. This license represents the first of its kind to be issued in Saudi Arabia and is in line with Vision2030 and the National Industrial Development and Logistics Program (NIDLP) which is giving importance to industry 4.0 with Industrial 3D printing and attracting international companies like Immensa to the Kingdom to localize advanced manufacturing technologies Immensa is expanding its footprint and building its infrastructure in KSA to provide digital-inventory solutions to local and international oil & gas and manufacturing companies. The company has already acquired a 10,000 sq ft industrial additive manufacturing facility in Dammam and an office in Riyadh, with a network of other industrial 3D printing hub