AEC, Honeywell sign deal on smart buildings
01 January 2019
SaudiI Arabia-based Advanced Electronics Company (AEC), a Saudi Economic Offset Program Company, has signed a memorandum of agreement (MoA) with Honeywell for collaborating on business development activities for smart and connected buildings, smart cities and critical infrastructure protection (CIP) in the kingdom.
The MoA was signed during the Saudi Arabian Smart Grid Conference (SASG 2018) held at The Ritz Carlton, Jeddah, last month.
Under this agreement, AEC and Honeywell will be working to develop long-term, strategic co-operation plans to jointly develop new business opportunities that will enable smart buildings and cities in Saudi Arabia, said the company.
This will support the goals and objectives of Saudi Vision 2030, which has placed significant emphasis on sustainable development and economic diversification, it said.
According to Engineer Majed Al Refae, vice-president of energy of AEC, by working with technology leaders like Honeywell, AEC can expand its manufacturing and technology base and provide more meaningful employment opportunities to qualified Saudis.
Meziane Ghaoui, regional general manager, Honeywell Building Solutions, Saudi Arabia, said: “We are proud to strengthen our partnership with AEC, which is an important step forward in supporting the development of smart buildings and cities in Saudi Arabia.”
AEC is a leading company in the region capable of providing sophisticated systems exceeding the most demanding standards. It is involved in a number of important national defence, telecom and industrial and energy projects.
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