The China-Arab Summit is the first summit to be held with the foundation of the China-Arab States Cooperation Forum (CASCF), a summit first held between China and the Arab League in 2004.
China and Saudi Arabia had signed 34 investment agreements valued at around US$30 billion in this summit. These agreements cover a wide range of fields, including green energy, green hydrogen, photovoltaic energy, information technology, cloud services, transportation, logistics, medical industries, housing, and construction factories.
iData was Invited by the Ministry of Investment of Saudi Arabia to attend the summit and had signed a memorandum of cooperation.Next, iData will bring the Automatic Identification Technology (AIDC) platform to Saudi cities to accelerate the development of Saudi Arabian Internet of Things technology, and serve the digital transformation and upgrading of local enterprises.
Companies in KSA are able to seize unprecedented development opportunities with help of digitization solutions offered by iData.
In this strategic cooperation, iData will be dedicated to serving industries such as energy, manufacturing, logistics, transportation, medical care, and e-commerce in KSA.
With accumulated industrial experience in the AIDC field for over 12 years, iData is competent to provide sufficient support for the growing needs, to help build a diversified IoT network and a digitized infrastructure in Middle East countries.
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