Carl Song — the Global Vice President of Public Relations and Media at Huawei — said that the company is committed to supporting the digital transformation of all sectors and industries in the countries of the Middle East.
In a meeting organised by Huawei with a number of media outlets from the Middle East and North Africa on the side-lines of launching its annual report and announcing its financial results for 2021, Song explained that the company will enhance its investments in the future to meet the increasing global challenges through a research and development strategy, as their investments in research and development in 2021 have reached an unprecedented $22.4bn, which is equivalent to 22.4% of the company’s total revenues, which amounted to $99.9bn.
The company’s net profit amounted to $17.8bn, and the net profit margin reached 17.9% — an increase of 75.9% annually.
Huawei came in second on the EU’s list of investment in industrial research and development.
Furthermore, Egypt is a major regional centre for Huawei’s operations in the Middle East and North Africa, where the company’s strategy is based on providing the latest global technological technologies to develop the communications and information technology sector, support the digital infrastructure of various industries to accommodate the digital transformation process, and promote investment in youths’ capabilities in line with Egypt’s 2030 Vision for Sustainable Development, according to Song.
It is worth noting that Huawei has signed more than 3,000 commercial contracts with telecommunications companies and partners around the world to spread the uses of 5G.
Over the past year, commercial 5G networks have been widely deployed in many sectors, including manufacturing, mining, steel, ports, chemical industries, cement, power grids, and healthcare.
Huawei’s 5G solutions have been deployed in many sectors as well according to eight scenarios, including remote equipment control, data collection, and product quality verification.
Additionally, Huawei’s digital energy business focuses on five major business areas globally, including smart PV, data centre facilities, mPower systems for electric vehicles, power plants, and integrated energy solutions.