Hanwha Techwin, a global security solutions provider, has announced that it has signed a memorandum of understanding (MoU) with Egypt’s Ministry of Military Production to supply security solutions, including video surveillance, to Egyptian government entities and projects.
This marks the first time that a Korean security solutions provider has signed an MoU with the Government of Egypt. Under the terms of the deal, Hanwha Techwin will supply video surveillance to a dozen Egyptian cities to establish security systems that will help safeguard major facilities, deter crimes, and prevent accidents. In a mutually beneficial partnership, the Egyptian government-run Benha Electronics, the country’s leading electronics company, will be able to leverage Hanwha Techwin’s technology and parts to assemble the products locally, laying the foundation for a long-term partnership with the Egyptian government.
The Egyptian government decides on partnerships for the majority of its local projects after a thorough evaluation of not only price but also functionality and quality. Being selected to partner with the Egyptian government is regarded as recognition for developing high-quality products that offer exceptional functionality.
Hanwha Techwin cited its brand recognition in nearly 100 countries across the globe, as well as the industry-leading quality of its video monitoring and cybersecurity solutions, as key to its success in securing the MoU. The company’s solutions ensure clear images by utilizing various image-enhancing features, including a digital image stabilizer and a backlight correction function that uses Hanwha’s proprietary image processing system-on-chip technology.
“This deal represents a meaningful step toward developing a long-term relationship with the Egyptian government,” said a Hanwha Techwin representative. “It will serve as a springboard for more opportunities to engage in government-led projects in the future.”
Hanwha Techwin officially established operations in the Middle East and Africa with the opening of a local branch office in Dubai in 2012. In 2016, after recognizing the region’s potential for growth, the company established a local subsidiary to accelerate its business.
Its decision to focus on the region has paid off. Last year, Hanwha Techwin Middle East posted nearly $35 million in revenue. In the UAE, where Hanwha Techwin Middle East is based, the branch ranked first overall in market share. It also received multiple accolades from the Dubai Chamber of Commerce and Industry and the Abu Dhabi Monitoring and Control Center, in a testament to its products’ exceptional quality and reliability.
Hanwha Techwin is Hanwha Aerospace’s global surveillance solutions arm. For more than three decades, the company has dedicated itself to developing video surveillance technologies that demonstrate its world-class capabilities in the fields of optical design, manufacturing, and image processing technology.