Willfar(SH:688100) Zhong Guo Jin Rong Xin Xi Wang·2025-09-30 11:28Core Insights - The establishment of the Weisheng Saudi Technology Center marks a significant step in the company's global expansion strategy, focusing on integrating Chinese technology with the Middle Eastern market needs [1][2] - The center aims to become a core service provider in smart electricity, smart water management, and smart city solutions in Saudi Arabia and the broader Middle East region [1] Group 1: Technology Center Operations - The technology center has an annual production capacity of 700,000 units for power AMI products, 100,000 units for smart distribution products, 200,000 units for smart water meters, and 700,000 units for communication modules [2] - Advanced information systems such as SAP and MES will be utilized for comprehensive operational management, ensuring full-process information management from production to sales [2] Group 2: Strategic Focus Areas - The center will focus on three strategic directions: developing technology solutions for energy transition, creating smart water management systems, and building comprehensive smart city solutions leveraging IoT, AI, and big data [1][2] - The company aims to support Saudi Arabia's energy structure transformation towards cleaner and diversified sources, and to promote automation and digital transformation across various sectors [2] Group 3: Collaboration and Local Integration - The partnership between the Saudi Investment Ministry and Weisheng reflects a commitment to achieving Saudi Arabia's Vision 2030, enhancing technology transfer and industrialization processes [2] - The center will also focus on cultivating local talent in energy IoT and fostering deep integration of technology, talent, and supply chains within the region [2][3]