• News
  • Business
  • Education
  • Technology
  • Health
  • Travel
Khaleej Mag
  • News
  • Business
  • Education
  • Sports
  • More
    • Health
    • Entrepreneurship
    • Islam
    • Technology
    • Travel
    • Contact Us
  • Facebook

  • Twitter

  • Instagram

  • LinkedIn

  • RSS

Business

Huawei Signed Smart Cities Deal with Saudi Investment Firm

Huawei Signed Smart Cities Deal with Saudi Investment Firm
Web Desk
July 2, 2020

Islamabad 1st July 2020: Huawei is involved in smart city projects in more than 100 countries of the world. In a recent venture, Huawei has struck a deal with Saudi investment firm name “Batic” to work on smart city projects throughout the Kingdom.

Smart City Solutions Company, a unit of Riyadh-based Batic Investments and Logistics Co. (Batic) will work with the Chinese technology giant on smart projects covering areas such as parking lots, transportation, the reduction of energy consumption as well as lighting and waste management. Batic is already working on a major smart city contract in the Eastern Region, part of a SR1.3 billion ($300 million) project that will run for 25 years.

Huawei Signed Smart Cities Seal with Saudi Investment Firm

“Smart Cities Solutions and Huawei will cooperate in supplying the market with an integrated portfolio of services and models for operating smart cities that can be customized,” said Adnan Al-Morshid, CEO of the Smart Cities Solutions Company. “One of the first projects within the framework of this agreement is the car park project in Dammam, in which the Smart Cities Solutions Company will assume the task of operating modern parking lots and command centers for Khobar, Dammam and Dhahran cities.”

Saudi Arabia is investing heavily in smart cities in an effort to modernize the economy and provide high-value tech-focused jobs for its youthful population. It is part of a broader push to diversify its economy away from oil.

Saudi Arabia’s Ministry of Municipal and Rural Affairs launched the nation’s first smart cities program, which targets 17 cities in its first phase, together comprising almost 72 percent of the Kingdom’s population. In 2017, Saudi Arabia revealed plans for a futuristic cross-border city called NEOM in Tabuk province, in the Kingdom’s northwest.

Comments

Related ItemsBusinessHuaweiSaudi Investment FirmSmart Cities
Business
July 2, 2020
Web Desk @KhaleejMag

Related ItemsBusinessHuaweiSaudi Investment FirmSmart Cities

More in Business

US-Israel-Iran Conflict Raises Concerns Over Semiconductor Supply Chains

Web ReporterMarch 5, 2026
Read More

Oil Prices Surge Over 3 Percent Amid Escalating US-Israel-Iran Conflict

Web ReporterMarch 5, 2026
Read More

Maaden Reports 156% Surge in 2025 Net Profit Driven by Record Production and Commodity Prices

Web ReporterMarch 5, 2026
Read More

Oil Prices Edge Higher as Gulf Tensions Disrupt Supplies

Web ReporterMarch 4, 2026
Read More

Oil Prices Extend Gains as Hormuz Tensions Deepen Supply Fears

Web ReporterMarch 3, 2026
Read More

Economists Warn of Wider Fallout as Israel-Iran Conflict Enters Fourth Day

Web ReporterMarch 3, 2026
Read More
Strait of Hormuz Disruptions

Oil Surges as Strait of Hormuz Disruptions Rattle Energy Markets

Web ReporterMarch 2, 2026
Read More

US and Israeli Strikes on Iran Cause Widespread Airspace Closures, Thousands of Flights Canceled Across the Middle East

Web ReporterMarch 1, 2026
Read More

Marine Insurers Reassess Middle East Coverage as Conflict Raises Shipping and Oil Risks

Web ReporterMarch 1, 2026
Read More
Scroll for more
Tap
  • Recent
  • Popular
  • Tags

Khaleej Mag
Khaleej Mag is your premier source for insightful stories, vibrant culture, and dynamic perspectives from across the Arabian Gulf region and the rest of the world. Explore the essence of Gulf life with captivating articles, stunning visuals, and exclusive features. Stay informed, inspired, and connected with Khaleej Mag. Contact us at editor@khaleejmag.com.

Follow Us

  • X
  • Facebook
  • LinkedIn
  • Instagram

Copyright © 2018 Khaleej Mag

4 Tips for Upgrading the Patio
Sharp Energy Solutions Europe joins the worldwide first e-marketplace Solar & Storage DigiCon platform and proudly announces to be a founding partner