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- Dahua announces joint venture with Alat to develop its first overseas manufacturing center in Saudi Arabia

RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Dahua Technology, a leading global video-focused AIoT solutions and services provider, is set to develop its first overseas manufacturing facility through collaboration strategic with Alat, a wholly owned subsidiary of the Public Investment Fund (PIF) in Saudi Arabia.

This joint venture, Alat AIVisio Technology Co. Ltd. (AIVisio), aims to create a highly automated manufacturing center for industry-leading AIoT products and smart solutions in urban infrastructure and commercial areas, with a total investment of USD 200 million. Dollars.

Alat was established to create a global business in electronics and advanced industries. It is mandated to partner with global technology leaders to transform industries while establishing world-class businesses in the Kingdom, powered by clean energy.

Dahua has used digitalization to create efficient, smart, flexible and reliable supply chains for global customers. This cooperation is an important step for Dahua to localize manufacturing and further improve supply capabilities for global expansion.

Jason Zhao, CEO of Dahua Technology, highlighted the role of the digital economy in driving industrial modernization and sustainable economic innovation on a global scale. As one of the first AIoT companies to enter the international market, Dahua has developed global business in more than 180 countries and regions. Highlighting Dahua's strategic importance in the Saudi Arabia market, he said: "Our partnership with Alat is a long-term, win-win strategic initiative. It aligns with our business objectives of green, low-carbon and sustainable development. Based In Dahua's experience in digital manufacturing and talent management, together with the support of Alat, I believe that together we can 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".

"Alat is proud to partner with Dahua, a global leader in video-centric AIoT solutions. We have great ambitions to bring Smart City and Smart Enterprise solutions, made in the Kingdom, to local and international markets. Dahua's mission aligns well with our objective of driving and executing a vision of creating global sustainable technology, made in the Kingdom," said Midha, CEO of Alat.

This strategic partnership marks an important milestone in Saudi Arabia's Vision 2030. As it continues to expand its global presence, Dahua will further leverage its digital innovation capabilities, improve the quality and scale of clean energy manufacturing, and boost the industry's sustainable transformation.

Contact:PR_Global@dahuatech.com

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