Dahua Announces Joint Venture with Alat to Develop Its First Overseas Manufacturing Hub in Saudi Arabia
Dahua Technology, a world-leading 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 the Kingdom of Saudi Arabia.
“Our partnership with Alat is a long-term win-win strategic initiative,”
Jason Zhao, Executive President of Dahua Technology
This joint venture, Alat AIVisio Technology Co. Ltd. (AIVisio), aims to create a highly automated manufacturing hub for industry-leading AIoT products and intelligent solutions in urban infrastructure and commercial areas, with a total investment of USD 200 million. Mr. Amit Midha (Chief Executive Officer of Alat), Mr. Jason Zhao (Executive President of Dahua Technology), Mr. Bob Chen (Dahua VP and President of Global Business), and other senior executives from both companies attended the signing ceremony.
Alat, headquartered in Riyadh, Saudi Arabia, has been established to create a global business in electronics and advanced industries and is mandated to create world-class manufacturing enabled by global innovation and technology leadership. The company is partnering with technology leaders across the world to transform industries while establishing world-class businesses in the Kingdom, powered by clean energy.
As a link connecting Europe, the Middle East and Asia, Saudi Arabia has ushered in new development opportunities in recent years. This partnership is an important step for Dahua to expand overseas markets, localize manufacturing and further enhance its global supply capabilities to serve customers across the world.
