Riyadh– Honeywell company has announced the signing of a memorandum of understanding with the Internet of Things Technology Company, the joint venture between the Public Investment Fund (PIF) and the Saudi Telecom Company Group (stc), with the aim of supporting the fields of sustainable cities, logistics platforms and technologies that lead the digital transformation process in the Kingdom.
The memorandum was signed during the 2nd Global AI Summit, which is being organized by the Saudi Data and Artificial Intelligence Authority (SDAIA) at the King Abdulaziz International Conference Center in Riyadh.
The MoU seeks to support the goals related to developing smart cities and the adoption of technology in society in line with the Kingdom’s Vision 2030. It also paves the way for Honeywell in its journey towards developing Internet of Things (IoT) projects in the Kingdom of Saudi Arabia.
Source: Saudi Press Agency