Friday 10 July 2020

Saudi Arabia's AEC signs four key MoUs at Gitex

DUBAI, October 10, 2019

Advanced Electronics Company, a Saudi Arabian Military Industries (Sami) company, has announced the signing of four new memorandums of understanding (MoUs) during the Gitex Technology Week in Dubai, UAE. 
The strategic collaborations with Megvii, Labiba, Nutanix and the Ministry of Communication and Information Technology’s Yesser e-Government Program will support AEC’s drive to further develop Saudi Arabia’s indigenous capabilities through the transfer and localisation of technology, in line with the goals of the kingdom’s Vision 2030 roadmap for digital transformation.
The signing ceremonies took place as part of AEC’s participation in Gitex 2019, where the company is showcasing its pioneering products and solutions in the cybersecurity, e-services, eHealth, and smart solutions fields.
Details of the agreements are as follows:
MoU with Yesser e-Government Program: Established in 2005 by the Ministry of Communications and Information Technology, the Yesser e-Government Program is responsible for regulating, facilitating, and expediting the development of e-government services in Saudi Arabia. Under the terms of the MoU, Yesser and AEC will supply specialist resources for joint engagement, with the goal of raising the productivity and efficiency of the public sector. 
The agreement seeks to outline a collaboration model between the parties to identify opportunities that can accelerate the Kingdom’s digital evolution and address the future needs of the Saudi Arabian ICT Market.
MoU with Labiba: Headquartered in the UAE, Labiba is an Artificial Intelligence (AI) and Robotic Process Automation (RPA) company that specializes in building virtual agents that can emulate human actions in executing business processes and interact with customers. 
Together, Labiba and AEC intend to disrupt the region’s digital landscape through the development of enterprise-level bot management platforms with native Arabic language understanding, which are capable of creating realistic conversational experiences over both voice and text channels. Under the terms of the MoU, the two parties will join forces to explore the market in Saudi Arabia, with a view to enabling their clients to harness the benefits of AI and RPA.
MoU with Megvii: Based in Beijing, China, Megvii is an Alibaba-backed technology company that specializes in image recognition and deep-learning software. The company’s full-stack solutions encompass algorithms, software, and AI-empowered Internet of Things (IoT) devices. 
Under the terms of the MoU, the two parties will work together on building a commercially viable business model that will bring value to their clients. Megvii’s facial recognition solution stack is of particular interest to AEC, and has a number of potential applications for the monitoring of traffic flow, crowd control, and security as part of smart city initiatives.
MoU with Nutanix: Based in Holland, Nutanix is a cloud computing software company that sells hyper-converged infrastructure appliances and software-defined storage.
Under the terms of the MoU, Advanced Electronics Company will develop the company's capabilities in the field of cloud computing and create new job opportunities in the technology sector in the Kingdom. Such collaboration opportunities, will strengthen AEC’s position and provide access to new markets. 
Commenting on the signings, Abdulaziz Al-Duailej, president and CEO of AEC, said: “Gitex, the region’s most significant gathering for the technology sector, provides outstanding opportunities to highlight AEC’s groundbreaking solutions and explore fresh opportunities for collaboration. This is evidenced by the four agreements we have signed here today, which will contribute to further enhancing our capabilities through the transfer of knowledge and cutting-edge technologies to Saudi Arabia. We look forward to working closely with all four partners as we continue on our quest to enrich the local content, in line with the ambitious goals of Vision 2030.”
Eng Ziad Al Mussallam, executive vice president of engineering & operations, AEC, said: “The signing of these four MoUs marks an important step in support of the kingdom’s digital transformation journey, and will further strengthen AEC’s technical expertise in the fields of Artificial Intelligence, process-automation, cloud computing and other key areas. By joining hands with governmental agencies and innovative international organisations, we create opportunities to share knowledge and experience. This vibrant exchange of ideas forms an essential part of our long-term strategy as Saudi Arabia moves forward with confidence to embrace a digital future.” – TradeArabia News Service


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