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Stock impact report

Tuya Smart Announces Strategic Partnership with InfraX to Accelerate Smart City Development in the UAE

Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share (TUYA) 
Company Research Source: PR Newswire
NEW YORK, Nov. 4, 2024 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, has announced a strategic partnership with InfraX, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC),during GITEX 2024. This partnership combines InfraX's infrastructure expertise with Tuya's innovative smart home technologies to deliver cutting-edge, integrated solutions for modern living.InfraX Leads the UAE's Economic Diversification Through Smart TransformationThe United Arab Emirates has been actively pursuing economic diversification to reduce its reliance on the oil industry. Dubai, the emirate with the lowest oil reserves in the UAE, is particularly focused on developing non-oil sectors such as the digital economy, re-export trade, and the financial industry.In advancing its smart city initiatives, Dubai has implemented forward-looking policies, notably the "Dubai 10X Initiative," aimed at accelerating the intelligent Show less Read more
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