INSEAD Day 4 - 728x90

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Vitronic signs contracts in MENA

Technology 'continually enhances our safety on our roads'.
  • Vitronic Middle East will install over 2,000 "cutting-edge traffic enforcement systems in high-risk areas" over the next few months.
  • It said In a statement that traffic management and enforcement systems provide benefits that go beyond the daily lives of individuals

Dubai, UAE–Vitronic Middle East says it will install over 2,000 “cutting-edge traffic enforcement systems in high-risk areas” over the next few months. 

The contracts are valued at $211 million.

“Traffic management and enforcement systems provide benefits that extend beyond the daily lives of individuals,” Vitronic said in a statement.

“These systems have positive effects on the country, ultimately enhancing the standard of living for its inhabitants. Road accidents have multiple implications for a country’s GDP. By reducing the occurrence of accidents, significant savings can be achieved in terms of medical emergency care expenses and deployments of police and other professionals.”

Monitoring and enforcement are vital to achieve road safety, it says.

“Witnessing firsthand how technology continually enhances our safety on our roads serves as the driving force behind our daily business operations,” says Youssef El Hansali, CEO, Vitronic Machine Vision Middle East.