Through this joint venture, Alat aims to create a highly automated manufacturing hub for AIoT products and intelligent solutions.
Dahua Technology, a video-centric AIoT solution and service provider, is set to develop its first overseas manufacturing facility through a strategic collaboration with Alat, a wholly-owned subsidiary of Public Investment Fund (PIF) in Saudi Arabia.
Mr. Jason Zhao, Executive President of Dahua Technology, said, “Our partnership with Alat is a long-term win-win strategic initiative. It aligns with our business goals of green, low-carbon, and sustainable development. Based on Dahua’s expertise in digital manufacturing and talent management, together with Alat’s support, I believe we can jointly set a new benchmark for the world’s leading AIoT industry. Through our joint efforts, we can effectively contribute to the well-being of the region and the world.”
Mr. Midha, CEO of Alat, said, “Alat is proud to partner with Dahua, a world leader in video-centric AIoT solutions. We have great ambitions to take Smart City and Smart Enterprise solutions, made in the Kingdom, to both local and international markets. Dahua’s mission coincides well with our goal to drive and execute a vision of creating global sustainable technology, manufactured in the Kingdom.”
This strategic partnership marks an important milestone in Saudi Arabia’s Vision 2030. While continuing to expand its global presence, Dahua will further leverage its digital innovation capabilities, improve manufacturing quality and scale with clean energy, and empower sustainable transformation of the industry.
Through this joint venture, Alat aims to create a highly automated manufacturing hub for AIoT products and intelligent solutions in urban infrastructure and commercial areas, with a total investment of $200 million.
