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, […]
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 […]
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 […]
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 […]
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. […]
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’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 […]
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 […]
AWS to launch ‘Infrastructure Region’ in Saudi Arabia
Amazon Web Services (AWS) has announced that it will launch an AWS infrastructure region in the Kingdom of Saudi Arabia in 2026. The new AWS Region will give developers, startups, […]
Dubai’s IFZA opens its latest office in Germany
IFZA, Dubai’s most dynamic free zone community, has opened its latest office in Germany as part of its global expansion plans. The move strengthens the robust relations between the UAE […]
