Aqara platform and IoT Squared are cooperating with the Saudi Public Investment Fund to enhance the Kingdom’s Vision 2030
Aqara, a leading provider of smart home products, has signed a Memorandum of Understanding (MoU) with iot squared, a joint project between the stc Group and the Public Investment Fund in Saudi Arabia.
This agreement aims to establish a strategic partnership focusing on Information and Communication Technology (ICT) and Internet of Things (IoT) services, with the goal of supporting digital growth in the Kingdom and advancing IoT research and development in alignment with Saudi Arabia’s Vision 2030.
The MoU was signed by Zhen Lin, the CEO of Aqara, and Osman Aldahash, the CEO of iot Squared, in Beijing on December 12, 2023.
Under this partnership agreement, Aqara and iot Squared will collaborate to provide IoT devices and services for consumers in Saudi Arabia.
Leveraging Aqara’s extensive smart home product platform and iot squared’s market vision and industry expertise, the collaboration aims to develop smart home solutions tailored to the needs of users and businesses in the region.
Zhen Lin, CEO of Aqara, stated, “We are excited to participate in this joint effort to drive IoT technology research and adoption in Saudi Arabia.
We believe that the synergy between iot Squared and Aqara’s technologies will accelerate the emergence of connected homes in the Kingdom.”
Osman Aldahash, CEO of iot Squared, commented, “Enhancing technological innovation and improving the quality of life are the main goals of this partnership.
Together with Aqara, we will shape a future where technology positively integrates with our aspirations.”
It is worth noting that iot Squared is a joint project between the Public Investment Fund (PIF) and stc, aiming to accelerate the adoption of IoT technologies in the region.
By providing smart solutions across various sectors, the company seeks to enhance the quality of life and promote digital transformation in the Kingdom.
Established in 2016, Aqara is a pioneer in providing smart home products, offering a comprehensive range of innovative products. The company is dedicated to delivering a seamless and innovative smart home experience.
