Huawei listed on Forbes’ Most Valuable Brands of 2017

Updated 14 July 2017

Huawei listed on Forbes’ Most Valuable Brands of 2017

Forbes released its list of the Most Valuable Brands of 2017 recently. Huawei ranked 88th with a brand value of $7.3 billion, up by nine percent year on year, and was the only Chinese brand making the list.
Forbes selects 100 most valuable brands every year from a pool of over 200 international brands. This year, the top 100 on the list spread among 15 countries, with the United States taking the lead with 56 spots, followed by Germany, France and Japan with 11, 7 and 6 spots respectively.
Technology is the hottest industry of all, taking 18 spots of the list, and nine out of the top 15 are technology companies. The list saw 13 brands from the financial sector while 12 consumer goods companies made the cut.
Huawei outperformed the industry in 2016 by a vast lead. The first quarter of 2017 saw this momentum continue as Huawei’s smartphone shipments grew steadily. According to statistics from research institutes like IDC, SA and Trendforce, Huawei smartphone shipments ranked third globally and the first in China, ramming down its position in the top segment internationally.
On brand development, Huawei has also integrated top world-class marketing resources and kept innovation in marketing plans. After the launch of Huawei P10 series, Huawei partnered with fashion magazine Vogue and launched a campaign to “reproduce iconic photos” with the Huawei P10 series, highlighting the phone’s Leica Portrait photo quality.
Gene Jiao, president of Consumer Business Group for Middle East and Africa, said: “Thanks to the growing global recognition of Huawei products and the Huawei brand, Huawei Consumer Business Group’s influence has further increased as a high-end brand in 2017.”
He added: “Moving forward, Huawei Consumer Business Group will be focused on improving customer service, and building up its presence within sales channels, retail, branding, marketing, services and other sectors, to proactively streamline operations and enhance the overall customer experience. Meanwhile, Huawei Consumer Business Group will continue to develop artificial intelligence (AI) products and innovations. These will provide users with excellent experiences and cement Huawei as a leader in emerging technologies while establishing the company as a cultural technology brand loved by consumers the world over.”

MCIT, Huawei launch Kingdom’s first IoT Lab

Updated 10 December 2018

MCIT, Huawei launch Kingdom’s first IoT Lab

The Ministry of Communications and Information Technology (MCIT) and Huawei have announced the launch of the Kingdom’s first Internet of Things (IoT) lab and a fund of $1 million to support Saudi entrepreneurs. The announcement was made during the Huawei Day 2018 event held at The Ritz-Carlton, Riyadh.

The event was attended by Dr. Sulaiman Mirdad, minister adviser for IT industry development; Dennis Zhang, CEO of Huawei Saudi Arabia; and other representatives, including senior government officials, IT leaders and professionals.

The new lab will be located at Huawei’s innovation center in Riyadh and aims to provide entrepreneurs with a platform to innovate IoT applications, which will directly target the most important vertical sectors to the Kingdom.

This joint initiative between MCIT and Huawei is expected to boost the development of products and applications and promote an open and participatory IoT ecosystem. The new IoT lab is the first such innovation and development joint lab in Saudi Arabia. 

Under this cooperation, Huawei has also made available $1 million of funding to developers to accelerate the adoption of IoT in the Kingdom.

IoT development and innovation have transformed traditional industries and daily life. As hundreds of millions of IoT devices will be used for innovative services, the technology has a key role to play in digitalization across industries. Yet currently there is not much IoT adoption in Saudi Arabia, and there is a shortage in local skills and funding necessary to drive the sector forward. The lab is intended to bridge this gap, and ultimately to drive forward the Kingdom’s digital transformation forward and assist the leadership in achieving their vision of building a knowledge economy, in line with Saudi Vision 2030 and the National Transformation Plan 2020.

Dr. Ahmed Altheneyan, deputy minister for technology and digital capacities at MCIT, said: “We are proud to launch the Kingdom’s first IoT lab and fund with our partner Huawei, believing as we do that this initiative will help to promote ICT innovation and entrepreneurship ecosystem, accelerate the adoption of emerging technology within the Kingdom, and support in developing the skillset and technology necessary to enable our vision and national transformation plan.”

Huawei Saudi Arabia CEO Zhang said: “Saudi Vision 2030 calls for the development of the Kingdom into an innovative and globally competitive economy through digital transformation, and our aim at Huawei is to support the success of this vision. 

We are committed to open innovation and collaboration to promote the IoT sector here in Saudi Arabia and we see the launch of this lab as another milestone in our strategic partnership with MCIT.”