BUSINESS

UEM Edgenta accelerates smart city solutions in international markets

18/10/2022 01:26 PM

KUALA LUMPUR, Oct 18 (BERNAMA) -- UEM Edgenta Bhd (UEM Edgenta) has inked a Memorandum of Business Exploration (MOBE) agreement with ITMAX System Bhd (ITMAX) to market and enhance its service offerings and technology solutions to deliver smart city solutions in the United Arab Emirates, Saudi Arabia.

ITMAX is a provider of Public and Private Space Network Systems Infrastructure that focuses on smart

traffic management and artificial intelligence solutions that promote smarter and safer living in cities, townships and municipalities.

In a statement today, UEM Edgenta said the partnership will focus on extending its offerings into smart security and surveillance, especially in public/community spaces.

Chief strategy officer Rais Imran said the company is committed to building a portfolio of solutions for smart cities – an anchor strategy in becoming a tech-enabled facilities management company.

“Edgenta NXT, together with our execution arm around the world, is building a smart platform that is agile, autonomous and high-interoperable on a cloud infrastructure that allow us to scale and integrate with partners in a very agile manner globally.

“UEM Edgenta aims to capitalise on that growth and expand our solution offerings from a service and technology perspective; and will continue to work with partners to accelerate the growth of our ecosystem to extend these end-to-end capabilities to our clients,” he said.

International markets and technology-enabled contracts continue to lead the company’s new contract wins, accounting for more than 70 per cent of the new contracts, thus affirming the company’s international market expansion.

The company's order book currently stands at RM10.5 billion.

-- BERNAMA

 


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