In a significant stride for Saudi Arabia’s burgeoning technology industry, a pivotal agreement has been inked between Dahua Technology and Alat, a firm under the auspices of the Kingdom’s sovereign wealth fund. This collaboration is poised to inject fresh impetus into the local tech sector.
The alliance is an extension of Dahua’s strategic expansion endeavors within the Middle East and North Africa, following the inauguration of its new office and interactive experience center earlier this year.
As part of this accord, Dahua has committed to the development of Artificial Intelligence of Things (AIoT) products, which are custom-made for the evolving needs of smart cities and corporate enterprises within the region.
AIoT intertwines cutting-edge artificial intelligence with the Internet of Things framework to refine the operations of IoT, enhancing the synergy between humans and machines, and improving the management and analysis of vast data sets.
With the anticipation of launching the inaugural product by late 2024, the joint venture stands as a testament to a shared vision for bolstering local infrastructure and propelling economic diversification and progress.
As a key regional player, we make decisions based on the goals our key markets have. This latest collaboration of ours is purely driven by Saudi Arabia’s grand plans to make its economy diverse, encourage new ideas, and create a brighter future,
stated Gary Li, Dahua MENA’s Vice President and General Manager for the Saudi branch.
He further articulated the synergy between the Saudi government’s focus on smart city initiatives and Dahua’s mission, expressing optimism for the impactful contributions that Dahua’s smart video solutions could make within the Kingdom’s journey towards a safer and smarter future.
Despite the new joint venture, Dahua’s Saudi Arabian subsidiary will maintain its operational independence, ensuring that client services remain uninterrupted, while the partnership aims to boost manufacturing prowess in the region without disrupting existing operational or branding strategies.
Initially, Dahua plans to concentrate on producing CCTV project-oriented products, with aspirations to broaden its scope to distribution products and other technological domains in the future.
The manufacturing arm of the joint venture is expected to enhance local supply chains, accelerating the delivery of products for projects not only in Saudi Arabia but also across the Gulf Cooperation Council and the broader region.
The sales model will remain unchanged, ensuring continuity for local distributors, system integrators, and end-users. Clients across the region including our existing ones here in KSA can expect enhanced access to cutting-edge AIoT solutions tailored to their specific needs,
Li added.
Originating from China, Dahua Technology has been a notable entity since 2001, renowned for its production of video surveillance equipment.
Earlier in the year, Alat forged alliances with Softbank Group and Carrier Corp., with a focus on expediting sustainable manufacturing within the Kingdom.