Saudi Arabia’s PIF-owned IoT firm partners with Schneider Electric to strengthen R&D  

RIYADH: Saudi Public Investment Fund-owned Internet of Things Technologies Co., known as iot squared, has partnered with energy automation firm Schneider Electric to tap into the Kingdom’s IoT ecosystem and strengthen its existing R&D capabilities.  

As per the agreement, Schneider Electric and iot squared, a joint venture between the Saudi sovereign wealth fund and Saudi Telecom Co., or stc, will cooperate to employ digital solutions in energy management and industrial automation.