Saudi Arabia’s Tech Space Set for Expansion with Dahua Technology and Alat Agreement
The technology sector in Saudi Arabia is gearing up for significant growth following the signing of a partnership agreement between Dahua Technology and Alat, a company owned by the Kingdom’s Public Investment Fund.
Expanding Presence in the Middle East and North Africa
Dahua’s recent expansion plan in the Middle East and North Africa region includes the opening of an office and experience center in January. The agreement with Alat is a key part of this strategy.
Focus on AIoT Products for Smart Cities and Enterprises
As part of the deal, Dahua will focus on manufacturing Artificial Intelligence of Things (AIoT) products tailored for smart cities and enterprises in the region. AIoT combines artificial intelligence technologies with IoT infrastructure to enhance operations and improve human-machine interactions.
Long-Term Commitment to Local Infrastructure
The joint venture anticipates rolling out the first product by the end of 2024, showing a commitment to enhancing local infrastructure and fostering economic growth in Saudi Arabia.
Driving Innovation in Smart Video Solutions
Gary Li, general manager of Dahua MENA in Saudi Arabia, emphasized the company’s focus on smart cities and big projects aligning with Saudi Arabia’s economic diversification goals. The collaboration aims to showcase expertise in smart video solutions for a safer and smarter future.
Streamlining Manufacturing and Supply Chains
The joint venture’s manufacturing facility will streamline local supply chains, accelerating product delivery for projects in Saudi Arabia and neighboring countries. The focus initially will be on CCTV project-based products, with plans for expansion into other categories in the future.
Enhanced Access to Cutting-Edge Solutions
Clients across the region can expect enhanced access to AIoT solutions tailored to their needs, ensuring continuity for local distributors, system integrators, and end-users.
Prominent Name in Video Surveillance
Dahua Technology, established in 2001 and headquartered in China, is a leading manufacturer of video surveillance equipment known for its quality and innovation.
Accelerating Sustainable Manufacturing in the Kingdom
In February, Alat partnered with Softbank Group and Carrier Corp. to drive sustainable manufacturing initiatives in Saudi Arabia, further solidifying the Kingdom’s commitment to technological advancement.