DNeX partners Chinese IT company to bid for large scale smart city projects in Saudi Arabia

PETALING JAYA: Dagang Nexchange Berhad (DNeX) is tying up with Zhongheguoji Construction Group Co Ltd (CSI) to source for state-of-the-art technology and solutions from China.

In a statement, DNeX said it is establishing a joint venture with CSI for the establishment of a joint venture enterprise (JVE) to also expand its geographical footprint into the Middle East and North Africa (Mena) region.

“Under Phase 1 of the JVE, DNeX via CSI, will secure access to Smart City technology from Chinese technology partners which include Tencent, the developer of WeChat and a leading technology company listed on the Hong Kong Stock Exchange Kong, as well as Tsinghua University Urban Institute, under Tsinghua University.

“Beyond this, the JVE is also set to expand its technological scope by partnering with other Chinese entities specialising in various sectors such as supply chain and logistics, intelligent transportation, electrical manufacturing, clean energy, data centres and equipment.”

In addition, DNeX, through subsidiaries SealNet Sdn Bhd and DNeX Mena Sdn Bhd, has also signed a collaboration agreement with Ajlan and Bros Information Systems Technology and CSI to explore opportunities in commercial projects in Saudi Arabia in offering Smart City solutions and other relevant technology solutions.

DNeX executive chairman Tan Sri Syed Zainal Abidin Syed Mohamed Tahir said this will pave the way for DNeX’s rapid expansion in the Mena region.

“They grant DNeX access to China’s cutting-edge technology solutions across a wide array of domains, including Smart City Applications, such as e-government services and e-commerce, as well as Emerging Technologies like the Internet of Things, artificial intelligence and block chain.

“Combining these technological assets with DNeX’s existing strengths in enterprise applications, system integration, project management and logistics solutions, we are uniquely equipped to deliver a comprehensive suite of digital transformation solutions,” he said.