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Recently, Raifah Contracting Company, a wholly-owned subsidiary of Bester Telecom International Limited signed a consortium contract for smart meters with Saudi Arabia’s AL RAJHI ELECTRIC & LIGHTING CO. Raifah and AL Rajhi formed a consortium to undertake the contract. Saudi Electricity Company (SEC) 1 million smart meter installation services, the contract value was about 99 million Saudi Riyals, or about 186 million yuan.

The Saudi Electricity AMI smart meter project is one of the key livelihood projects of Saudi Arabia's "National Vision 2020 Plan" (covering electricity, communications, education, etc.). The construction content is the replacement and construction of new and old meters in the central and eastern regions, including but not limited to transportation and unloading, warehousing, disassembly, installation, commissioning, etc.

The project partner, ALRajhi, is a local power construction company with the required construction qualifications for the project. It has a good reputation and strong strength in the Saudi power market and has successfully completed the delivery of multiple power projects in Saudi Arabia.

In 2019, China Bester established an international company in Hong Kong, and subsequently established 6 overseas subsidiaries in Hong Kong, South Africa, Saudi Arabia, the Philippines, Malaysia, and Thailand. In less than a year, the Saudi subsidiary signed a broadband project with DAWIYAT Telecom, the ITC broadband project, the MOI tower project, the Nokia 5G installation project, and the ZTE project are all progressing smoothly. This further breakthrough in the Saudi Electricity SEC is the result of the company's active development of overseas markets, which is conducive to the company's continuous improvement of its overseas business layout and increase its competitive advantage in overseas markets.