Ring inks partnership with Al Jammaz
The partnership will see the extension of Ring's brand reach across Saudi Arabia's market
Smart home security vendor Ring and Al Jammaz Distribution today signed a partnership agreement that will see the extension of Ring's brand reach across Saudi Arabia's market. A reputed brand within the smart home security space in US, Ring's doorbells can reportedly reduce crime in neighborhoods by up to 55%.
Serving as distributor of Ring's products in Saudi Arabia, Al Jammaz is expected to promote the company's latest suite of smart home security products. This includes signature products, such as Ring Video Doorbell, Video Doorbell Elite, and Ring Spotlight Cam, to name a few.
Asim Al Jammaz, CEO, Al Jammaz Distribution, says: "The Saudi Ministry of Housing has launched programs and initiatives to achieve Vision 2030 and the National Transformation Program (NTP) 2020 which aims to increase the rate of property ownership to 52% ... homes are going to get ‘smart' with connected products offering endless possibilities to make our lives easier, more convenient, and more comfortable."
A report from Statista noted that the revenue of the smart home market, which is valued at $124m for 2017, will experience a compound annual growth rate of 42.3% from 2017-2021, resulting in a market volume of $507m by 2021.
"The awareness and demand for smart entry devices, such as smart doorbells that keep families, neighborhoods and communities safe are growing and therefore we believe that our partnership with Ring is a perfect fit. We see exciting new possibilities in this partnership with Ring across the Kingdom and it will help Al Jammaz to better address our customer's needs in today's environment of ever-increasing demand for home security solutions," adds Al Jammaz.