12 November 2025, Dhahran Expo, Saudi Arabia. OneGarnet Group has signed a landmark Memorandum of Understanding (MoU) titled "Localization of Garnet Abrasives Coating" under the Saudi Aramco Taleed Program, part of the National Champions Initiative.

This agreement marks a major milestone for our company, underscoring our strategic growth and commitment to the Kingdom's localization objectives. The collaboration also aligns OneGarnet with Aramco's iktva (In-Kingdom Total Value Add) program, which is designed to drive domestic value-chain development, local manufacturing, job creation, and long-term economic growth.

Aramco's National Champions Initiative aims to build global-scale, locally rooted enterprises that support Saudi Vision 2030. Its Taleed program focuses on accelerating SME (Small and Medium-Sized Enterprise) growth, industrial capabilities, and local manufacturing development. OneGarnet's inclusion reflects the company's proven expertise in high-quality garnet abrasives and its ability to advance localization and regional growth.

Under the cooperation framework, OneGarnet will explore establishing a garnet abrasive manufacturing facility in-Kingdom and localizing advanced recycling technologies for garnet and other non-metallic minerals. The initiative will further contribute to job creation and upskilling Saudi talents, delivering direct value to both the local economy and the industry.

"We are proud to sign this MoU with Aramco Taleed and officially join Aramco's National Champions ecosystem," said Mr. Nan Yang, Chairman of OneGarnet Group, "This partnership marks a pivotal step in our commitment to advancing industrial development in Saudi Arabia and supporting the ambitions of Saudi Vision 2030."

With this strategic cooperation, OneGarnet reinforces its position as a trusted partner offering world-class garnet abrasive solutions for critical energy and industrial projects. Together with Aramco, we aim to deepen our Middle East presence, expand global partnerships, and promote sustainable industrial practices that align with the Kingdom's economic diversification and growth.