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FINANCIAL NEWS
Fujitsu signs MoU with Saudi Arabia’s MODON
05 Feb 2012
(MENAFN) Japanese Fujitsu signed MoU with the Saudi Industrial Property Authority (MODON) to launch a collaborative smart communities project in MODON’s industrial areas, Arabian Business reported.
Under the accord, Fujitsu will launch a feasibility study this year, after which the company plans to roll out full-scale development of the project.
The project will include installing environmental management systems, in addition to energy management systems to optimize energy usage.
During the new project, Fujitsu will promote the development of smart communities across the kingdom’s industrial areas with a focus on both the environment and energy.
This is part of Japan’s Ministry of Economy, Trade and Industry (METI) initiative for “Promotion of Export of Infrastructure-related Industries and Systems.”
With METI’s support, the project is expected to become a model case for the export of infrastructure systems through public-private collaboration.
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