Saudi Arabia-based Advanced Electronics Company (AEC), a Saudi Economic Offset Program Company, has signed a memorandum of agreement (MoA) with Honeywell for collaborating on business development activities for smart and connected buildings, smart cities and critical infrastructure protection (CIP) in the kingdom.
The MoA was signed during the ongoing Saudi Arabian Smart Grid Conference (SASG 2018), being held at The Ritz Carlton, Jeddah.
Under this agreement, AEC and Honeywell will be working to develop long-term, strategic co-operation plans to jointly develop new business opportunities that will enable smart buildings and cities in Saudi Arabia, said a statement from the company.
This will support the goals and objectives of Saudi Vision 2030, which has placed significant emphasis on sustainable development and economic diversification, it said.
Engineer Majed Al Refae, vice president of energy, AEC, said: “This agreement reaffirms and demonstrates yet another example of the high quality of work performed by our employees, the majority of whom are Saudis.”
“By working with technology leaders like Honeywell, AEC can expand its manufacturing and technology base and provide more meaningful employment opportunities to qualified Saudis,” he said.
Meziane Ghaoui, regional general manager, Honeywell Building Solutions, Saudi Arabia, said: “We are proud to strengthen our partnership with AEC, which is an important step forward in supporting the development of smart buildings and cities in Saudi Arabia.”
“This MoA will support the objectives of the country’s long-term vision of creating greater energy efficiency and sustainability,” he added.
AEC is the leading company in the region capable of providing sophisticated systems exceeding the most demanding standards.
AEC is involved in a number of important national defence, telecom and industrial and energy projects. Currently more than 78 per cent of AEC employees are Saudi nationals working in a variety of challenging technical and professional positions. AEC Charter includes the full value chain of services for advanced Electronic Products and Systems for a variety of customers.
Honeywell has been operating in Saudi Arabia for more than 50 years. Headquartered in Riyadh, the company has offices across the kingdom that supply cutting-edge technology to key industries, it stated. – TradeArabia News Service