iot squared partners with Huawei KSA in Saudi Arabia to fast-track digital transformation solutions for smart cities and industrialization

Internet of Things Technologies Company (iot squared), a joint venture between Saudi Arabia’s Public Investment Fund (PIF) and stc Group (stc), has signed a Memorandum of Understanding (MoU) with Huawei KSA, a leading global provider of information and communications technology (ICT) infrastructure and smart devices. Through this partnership, both companies will work together to fast-track digital transformation solutions for smart cities and industrialization. The MoU was signed by Othman Al Dahash, Chief Executive Officer of iot squared, and Mr. Victor Dong, President of Huawei KSA for stc Global Key Account.

This agreement will enhance the prospects for cooperation between iot squared and Huawei KSA with an aim to offer comprehensive services and solutions related to the better utilization of the robust 5G network, implementation of intelligent video imaging and analytics services, and closed-circuit television (CCTV) solutions among many others for smart cities and industrialization. The agreement will also enable the adoption of solutions to improve operational efficiency and reduce costs, talent development, and project management.

Commenting on the agreement, Othman Al Dahash, Chief Executive Officer of iot squared said: “We are proud to collaborate with Huawei KSA as the agreement reiterates our commitment to the people of Saudi Arabia for the development of smart cities and realization of the Kingdom’s Vision 2030 goals aimed at the implementation of IoT solutions within the country. The expertise of both companies will further enhance the strengths of the 5G network through the implementation of the latest AI and IoT solutions and support the organizations on their path to a more informed journey of digital transformation.”

“With its integrated solutions across four key domains, telecom networks, IT, smart devices, and cloud services, Huawei is committed to making digitization accessible to the people and organizations of the Kingdom and building a smart and more connected world,” said Mr. Victor Dong at Huawei KSA. “Saudi Arabia has been investing in new technologies to build a more sustainable society for its future generation. Our partnership with iot squared will enable the faster implementation of new solutions through the robust 5G network which is key to the digital transformation journey across sectors.”