Advanced Electronics Company (AEC), a Riyadh-based Saudi economic offset programme company, has signed a memorandum of agreement (MoA) with Honeywell to collaborate on business development activities for smart and connected buildings, smart cities and critical infrastructure protection (CIP) in Saudi Arabia
The MoA is signed during Saudi Arabian Smart Grid Conference (SASG 2018), being held at The Ritz Carlton, Jeddah from 11-13 December 2018.
Under this agreement, AEC and Honeywell will be working to develop long-term, strategic co-operation plans to jointly develop new business opportunities to enable smart buildings and cities in Saudi Arabia. This is expected to support the goals and objectives of Saudi Vision 2030, which has placed significant emphasis on sustainable development and economic diversification.
Commenting on this MoA, Majed Al-Refae, vice-president of Energy at AEC, said that through this agreement, AEC aims to expand its manufacturing and technology base and provide more meaningful employment opportunities to qualified Saudis.
?This MoA will support the objectives of the country?s long-term vision of creating greater energy efficiency and sustainability,? said Meziane Ghaoui, regional general manager at Honeywell Building Solutions, Saudi Arabia.
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.
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 major industries.
