Diehl Metering and Abunayyan Holding Company sign strategic cooperation agreement including a state of the art assembly line in Saudi Arabia for Ultrasonic Water Meter Technology.
Diehl Metering has successfully been partnering with Abunayyan Holding - one of the leading solution providers in the electricity and water sectors, based in Riyadh, Saudi Arabia - since 2008, and is continuously expanding this cooperation.
This close partnership brings high-performance, reliable and sustainable smart metering solutions "Made in Germany" to the kingdom, and allows for the intense transfer of expertise to a company that has already been successfully active on the market for over 60 years - Abunayyan Holding.
Abunayyan Holding is one of the longest-active companies in the power and water business, and employs around 4,500 staff spread across more than 14 strategic business units.
Thanks to the successful partnership, Diehl Metering and Abunayyan were able to supply over 700,000 HYDRUS ultrasonic water meters to Saudi Arabia. The team of experts have implemented comprehensive and fully automated fixed network projects enabling the fully automated reading, analysis and management of HYDRUS water meters in various cities starting in Dammam as early as 2011.
Diehl Metering and Abunayyan Holding both strive to contribute towards the efficient use of water via the implementation of ground breaking communication technology developed and engineered by Diehl Metering. An innovative example of the application of the futuristic 'Internet of Things', the technology represents a seismic shift in what is now possible for the water and power industry led in force by technology providers like Diehl Metering.
As part of its far-reaching Vision 2030, the government of Saudi Arabia has developed a long-term strategy that should make the economy less dependent on oil and the state by increasing investment in the private sector. 450,000 new jobs will be created within three years and, according to the Saudi Arabian General Investment Authority, the "power, water and electricity" sector has been identified as a future focus of investment.
In the course of the strategic partnership, both Diehl Metering and Abunayyan Holding aim to enable the local industry of Saudi Arabia to meet the growing demand for high-quality smart metering products such as static ultrasonic water meters. To achieve this goal and thus become part of Saudi Vision 2030, Diehl Metering is now following a localisation strategy for Saudi Arabia.
Saudi Meter Company, a subsidiary of Abunayyan Holding, will thus, be enabled to localize the HYDRUS ultrasonic water meters for the domestic market. Abunayyan Holding will as a result acquire key components and production technologies along with dedicated training from Diehl Metering. The start of production in Riyadh is planned to commence in Q3 / 2018.
The ceremonial signing of the contracts for the joint localisation project by representatives from Diehl Metering and Abunayyan Holding will be carried during WETEX 2017 (Water, Energy, Technology, and Environment Exhibition), which will take place on October 25, 2017 at Diehl Metering booth.
With technology "Made in Germany", Diehl Metering is supporting its partner Abunayyan Holding in strengthening the local Saudi economy, generating market growth with regard to, and using automatic meter reading (AMR) solutions to take continuous steps towards digitalisation.
Diehl Metering, with its excellent smart metering technology, is delighted to be a part of Saudi Vision 2030 and looks forward to the opportunities that this milestone partnership with Abunayyan Holding will bring to fore in the future.
Information on Diehl Metering
Diehl Metering is a corporate division of the Diehl Group, headquartered in Nuremberg. With a total annual turnover of 3.4 billion euros, the technology company employs around 16,300 people worldwide.
The corporate division Metering supplies solutions for the intelligent use of water, thermal energy, gas and electricity.
Diehl Metering provides smart metering solutions to utilities companies through the intelligent networking of various metering devices into larger data platforms. These solutions offer transparency for utilities and municipalities, and enable considerably increased efficiency in reading, billing and service processes. Diehl Metering's customers are also able to benefit from real-time effects such as early recognition of leaks and the optimisation of distribution networks through intelligent information regarding prompt adjustment of the offer to suit actual needs.
With Diehl Metering you are already perfectly equipped for smart metering as an important component of smart city concepts. Thanks to more than 20 years of experience with the company's own radio technology, Diehl Metering has at its disposal excellent expertise in communications within the Internet of Things. Moreover, security of customer data has the highest priority.
Further information at www.diehl.com/metering
Information on Abunayyan Holding & Saudi Meter Company
Abunayyan Holding, through its subsidiaries, engages in trading, manufacturing, servicing, and investing in water, oil, gas, and power markets in the Kingdom of Saudi Arabia and the Gulf countries. Rising to the challenge of securing a sustainable future for Saudi Arabia, Abunayyan Holding focuses more on how modern technology, involving innovative design and engineering, can utilise water & energy resources most economically and beneficially.
Saudi Meter Company, acquired by Abunayyan Holding in 2013, offers a full range of water metering solutions throughout Saudi Arabia and the wider Middle East, as per metrological Class B and Class C requirements complying with international standards ISO 4064. Founded in 1981, it was the first water-meter manufacturer in the Arabian Gulf and has become a household name.