Saudi’s IoT-squared & Honeywell sign MoU to boost smart city development

Saudi’s IoT-squared & Honeywell sign MoU to boost smart city development

Honeywell, the American multinational conglomerate, and Internet of Things Technologies Company (IoT-squared), a joint venture between Saudi Arabia’s Public Investment Fund (PIF) and STC Group, have signed a Memorandum of Understanding (MoU) to advance the fields of sustainable cities, logistics platforms and technologies that drive digitalization in the kingdom.

The strategic MoU between Honeywell and IoT-squared, signed at the Global AI Summit in Riyadh, supports the objectives outlined as part of Saudi Vision 2030 related to smart city development and advancing technology adoption in society.

The MoU paves the way for Honeywell to help support the advancement of IoT projects in the Kingdom by exploring opportunities to utilize its innovative Honeywell City Suite (HCS) Platform. HCS is an artificial intelligence-enabled IoT platform that integrates data from critical city infrastructure systems.

The Honeywell City Suite can be scaled by communities to gauge energy consumption across city-owned facilities and utilities. Honeywell and IoT-Squared will also explore opportunities to utilize the Honeywell Movilizer Platform, cloud software for field operations to drive enterprise profitability in the logistics vertical and related services.

Othman Al Dahash

CEO – IoT-Squared “We are pleased to be building on our strong relationship with Honeywell, a global technology leader, as we work towards enhancing IoT