Batic Investments and Logistics Co. announced that its subsidiary, the Smart City Solutions Co., signed on June 28, 2020, a strategic partnership with China’s Huawei to provide innovative smart cities solutions in Saudi Arabia.
Under this agreement, the two parties will plan and implement their mega smart projects activities, engineering and design of solutions provided to their partners in the Kingdom, the company said in a bourse filing on Monday.
BATIC and Huawei will work jointly to operate smart cities platform and services including primary services such as parking lots, transportation, reduction of energy consumption, lighting, and waste management, as well as an integrated set of security and safety services.
The agreement includes a modern and smart operations center to support informed decision-making and follow-up of key performance indicators for smart cities.
It is worth mentioning that Smart Cities signed two contracts in September 2019 to create, develop, invest and operate multi-stories car parks and smart parking spaces in Dammam, Dhahran and Al Khobar for a period of 25 years with a total value of SAR 1.24 billion.
Source: https://www.argaam.com/en/article/articledetail/id/1387129
