Ericsson & Mobily sign network exposure MoU for Saudi enterprises
Ericsson and Etihad Etisalat (Mobily) have signed a Memorandum of Understanding (MoU) to expose Mobily’s network capabilities to enterprises and developers in Saudi Arabia. Under the MoU, signed at LEAP 2024, Riyadh, Kingdom of Saudi Arabia, Mobily will be able to easily activate new capabilities and expose them through Application Programmable Interfaces (APIs), boosting the […]
Saudi’s NDF & SDB to establish gaming-industry focused venture funds
The Saudi National Development Fund (NDF), in collaboration with the Social Development Bank (SDB), has signed two agreements to establish two venture funds with a total size of $120 million, in an innovative move to bolster the gaming and Esports industry within the Kingdom of Saudi Arabia. The announcement was made during the LEAP 2024 […]
Tech investments approach $13bn on Day 2 at LEAP 2024
LEAP 2024, among one of the world’s most attended technology exhibitions, continued its momentum by announcing a new wave of investments exceeding $888m on its second day, further bolstering Saudi Arabia’s burgeoning tech ecosystem. This announcement comes hot on the heels of Monday’s staggering revelation of $11.9bn in investments. The Riyadh Exhibition and Convention Centre […]
Saudi Arabia’s PIF, Bahrain Mumtalakat to boost cooperation, investment
The sovereign wealth funds of Saudi Arabia and Bahrain have signed an MoU to boost cooperation and investment in strategic sectors. The agreement aims to expand cooperation between the two parties and enable new and promising investment opportunities in Bahrain, the Public Investment Fund (PIF) and Mumtalakat said in a joint statement. PIF said the […]
Lintec & Linnhoff seals Saudi distribution agreement with Medco
Lintec & Linnhoff, a global leader in asphalt and concrete batching plants, has signed up Middle East Development Company (Medco) a leading company dealing in premium industrial and construction equipment, as its exclusive distributor for the Kingdom of Saudi Arabia. The Medco distributor agreement will cover the full range of Lintec & Linnhoff’s asphalt mixing […]
Aramco launches new AI model, innovative R&D network
Saudi oil giant Aramco has unveiled the company’s new large language AI model, aramcoMETABRAIN, and also establishment of an innovative R&D network, the Saudi Accelerated Innovation Lab (SAIL), that aims to advance the digital economy. Announcing the launch, Aramco President & CEO Amin Nasser said the aramcoMETABRAIN was a groundbreaking, industrial-grade generative AI model based […]
Honeywell joins ‘Made in Saudi’ as first gas detection manufacturer
Honeywell has announced that it will be the first gas detector manufacturer to join the ‘Made in Saudi’ initiative, demonstrating the company’s commitment to supporting localisation and economic diversification in Saudi Arabia. Honeywell will assemble and calibrate three different gas detection solutions locally at its Dammam site. The Honeywell BW Max XT II is a portable multi-gas detector […]
Adobe plans to open regional headquarters in Riyadh
Adobe has announced plans to establish a new regional headquarters in Riyadh as part of its expansion in the region, following RHQ license approval from the Saudi Ministry of Investment. The regional headquarters of Adobe is expected to open by early 2025 and will enable Adobe to better serve the ever-growing demand for digital customer […]
Dell & TAWAL collaborate to advance Saudi telecom sector
Dell Technologies and TAWAL have signed a Memorandum of Understanding (MoU) to collaborate on new opportunities to advance the telecommunications industry in Saudi Arabia. TAWAL, established in 2019, is the first telecommunications tower company in Saudi Arabia and the largest in the Middle East. As per the MoU, Dell and TAWAL will engage in exploring […]
Saudi’s KACST signs 13 global & local agreements in future tech sector
King Abdulaziz City for Science and Technology (KACST) has signed 13 local and international strategic partnerships to build the semiconductor system, establish centers of excellence to accelerate technical development in emerging technologies and future communications, and qualify national cadres, as part of the work of LEAP tech conference. Partnerships in Semiconductor industry KACST’s partnerships in […]