ARB signs deals worth RM800m with Chinese firms

ARB Bhd yesterday signed two separate agreements with Chinese companies for the provision of water supplyrelated technology for a combined project value of RM800 million.

ARB executive director and chief executive officer (investment and technology) Datuk Larry Liew Kok Leong said ARB’s wholly-owned subsidiary Arbiot Sdn Bhd inked the memoranda of understanding (MoA) with Hangzhou Mayam IoT Tech Co Ltd and Shuifa IoT Tech Co Ltd.

He said Hangzhou Mayam would provide funding to Arbiot to implement a RM200 million smart water meter project in Malaysia to measure, collect and analyse real-time water usage information, including water leakages, water pressure, date and time of water consumed by households, all in digital form.

“We aim to have 300,000 residential units installed with the smart water metering system within 24 months for phase one,” said Liew after the MoA signing, here, yesterday.

On the second collaboration with Shuifa, valued at RM600 million, Liew said it would involve the installation of a smart household water filtration system that could be supplied to the public and individuals.