Dubai, Oct. 09, 2019, SPA -- The Advanced Electronics Company, a Saudi Arabian Military Industries (SAMI) company, has announced the signing of four new memorandums of understanding (MoUs) during GITEX Technology Week (GITEX 2019) in Dubai, UAE. The strategic collaborations with Megvii, Labiba, Nutanix and the Ministry of Communication and Information Technology’s Yesser e-Government Program will support AEC’s drive to further develop Saudi Arabia’s indigenous capabilities through the transfer and localization of technology, in line with the goals of the Kingdom’s Vision 2030 roadmap for digital transformation. The signing ceremonies took place as part of AEC’s participation in GITEX 2019 at Dubai World Trade Centre, where the company is showcasing its pioneering products and solutions in the cybersecurity, e-services, eHealth, and smart solutions fields. Details of the agreements were as follows: MoU with Yesser e-Government Program Under the terms of the MOU, Advanced Electronics Company will develop the company's capabilities in the field of cloud computing and create new job opportunities in the technology sector in the Kingdom. Such collaboration opportunities, will strengthen AEC’s position and provide access to new markets. Commenting on the signings, Abdulaziz Al-Duailej, President and CEO of AEC, said: “GITEX, the region’s most significant gathering for the technology sector, provides outstanding opportunities to highlight AEC’s groundbreaking solutions and explore fresh opportunities for collaboration. This is evidenced by the four agreements we have signed here today, which will contribute to further enhancing our capabilities through the transfer of knowledge and cutting-edge technologies to Saudi Arabia. We look forward to working closely with all four partners as we continue on our quest to enrich the local content, in line with the ambitious goals of Vision 2030.” Eng. Ziad Al-Mussallam, Executive Vice President of Engineering & Operations, AEC, said: “The signing of these four MoUs marks an important step in support of the Kingdom’s digital transformation journey, and will further strengthen AEC’s technical expertise in the fields of Artificial Intelligence, process-automation, cloud computing and other key areas. By joining hands with governmental agencies and innovative international organizations, we create opportunities to share knowledge and experience. This vibrant exchange of ideas forms an essential part of our long-term strategy as Saudi Arabia moves forward with confidence to embrace a digital future.” --SPA 20:02 LOCAL TIME 17:02 GMT 0020 www.spa.gov.sa/w1187513