Riyadh, KSA : Underlining its commitment to furthering the Kingdom’s energy goals, Advanced Electronics Company (AEC) today concluded its successful participation as part of the Saudi Arabia Pavilion in the 24th edition of the World Energy Congress (WEC) held in Abu Dhabi from 9-12 September.

At the triennial event organized by the World Energy Council and held under the patronage of H.H. Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, AEC showcased its comprehensive range of innovative, efficient and sustainable energy solutions. The company’s integrated Smart Meters and advanced Smart Cities Solutions were among key attractions as they were aligned with the Congress’s theme, ‘Energy for Prosperity.’

Commenting on the participation, Abdulaziz Al-Duailej, President and CEO of AEC, said: “We are pleased to have reached a new milestone in our growth journey with the successful conclusion of our participation in a strategic event like WEC. The Congress offered us an excellent opportunity to gather deeper insights into the current and future trends in the energy industry as well as connect with our global and regional partners. The tremendous appreciation we received from the vistors will inspire us to continue developing innovative solutions that will cater to their evolving needs and contribute to the Kingdom’s energy ambitions as envisaged in the Saudi Vision 2030.”

His Royal Highness Abdulaziz Bin Salman, Saudi Arabia’s Minister of Energy, visited AEC at the World Energy Congress, where he was briefed on AEC’s innovative and integrated smart energy solutions and its new line-up of technologies and capabilities. In addition to several high-profile dignitaries and industry experts.

The Advanced Metering Infrastructure (AMI), helps measure, collect, analyze, and optimize energy usage, AEC’s Smart Meters provides its customers with deep insights into their utility consumption to enable them to reduce their operational costs.

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The Advanced Electronics Company (AEC)

Overview

Established in 1998, the Advanced Electronics Company (AEC) is a leading Saudi company in the field of the electronics, technology & manufacturing industry. It is a key player in realizing the Kingdom’s Vision 2030.

AEC is distinguished by its high-quality projects and efficient and timely execution, and it is committed to the highest quality standards. The company adopts a customer-centric approach and has occupied a leading role for almost three decades through four main sectors: defence and aerospace, information communication technology, energy and security. The company employs more than 2,100 employees, 80 percent of whom are Saudis, while the AEC team includes more than 300 highly skilled and certified Saudi engineers working in various departments. It is an essential enabler to realizing the Kingdom’s Vision 2030 by localizing 50 percent of military industries, implementing a digital transformation, localizing and developing the energy sector, and developing human resources.

On 30 June 2019, the Saudi Military Industries Company (SAMI) signed a terms sheet agreement to acquire AEC.

© Press Release 2019

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