Dahua Technology, a world-renowned leader in video-centric AIoT solutions and services, is embarking on a significant venture by establishing its first overseas manufacturing facility. This groundbreaking initiative is taking shape through a strategic partnership with Alat, a subsidiary wholly owned by Saudi Arabia’s Public Investment Fund (PIF). The collaboration has given birth to Alat AIVisio Technology Co. Ltd. (AIVisio), poised to become a state-of-the-art manufacturing hub dedicated to producing cutting-edge AIoT products and intelligent solutions for urban infrastructure and commercial sectors. The venture represents a considerable investment, totaling $200 million.
Alat is at the forefront of forging a global presence in electronics and advanced industries. Its mission is to collaborate with global technology leaders, like Dahua, to revolutionize industries and establish world-class enterprises within the Kingdom, all while emphasizing the use of clean energy. This partnership is a testament to Dahua’s commitment to digitalization, which has been instrumental in creating efficient, intelligent, flexible, and reliable supply chains that cater to a global clientele. By localizing manufacturing, Dahua aims to enhance its supply capabilities significantly as it continues to expand globally.
At the heart of this partnership is a shared vision for leveraging the digital economy to foster global industrial upgrade and sustainable economic innovation. Jason Zhao, Executive President of Dahua Technology, highlighted the company’s commitment to green, low-carbon, and sustainable development. With Dahua’s rich expertise in digital manufacturing and talent management, complemented by Alat’s robust support, this partnership is set to redefine industry benchmarks. Zhao expressed his optimism about the joint venture’s potential to make meaningful contributions to the welfare of the region and the global community.
Alat’s CEO, Mr. Midha, echoed this sentiment, expressing pride in the partnership with Dahua. He underscored ambitious plans to not only cater to local and international markets with Smart City and Smart Enterprise solutions produced in the Kingdom but also align with Dahua’s mission of contributing to global sustainable technology initiatives.
This strategic alliance is a significant milestone in realizing Saudi Arabia’s Vision 2030. Through it, Dahua intends to leverage its prowess in digital innovation, enhance manufacturing quality and efficiency using clean energy, and play a pivotal role in the sustainable transformation of the industry.
The venture between Dahua Technology and Alat is more than a business collaboration. It is a testament to the power of strategic alliances in advancing technological innovation and sustainable economic development on a global scale. As these organizations work together, they not only aim to meet the current demands of the AIoT industry but also shape its future, ensuring that it continues to evolve in ways that benefit humanity and the planet.
As we move forward, the eyes of the world will undoubtedly be on this joint venture. The combination of Dahua’s technological prowess and Alat’s visionary approach promises to set new standards in the AIoT industry, showcasing the vast potential of international cooperation in achieving sustainable, tech-driven growth.
