Technology

Saudi Arabia, Vietnam promoting JVs and SMEs through strategic MoU for enhanced trade and investment

The agreement focuses on sectors with considerable growth potential, including industry, services, and the digital economy

Aramco’s Wa’ed Ventures allocates $100 million to invest in Saudi Arabia’s AI startups

Saudi Arabia’s gain from AI will likely exceed other countries in the Middle East with around $135 billion in value by 2030

Saudi Arabia, India strengthen ties in communications and space technology

This agreement with Saudi Arabia is TRAI’s 20th bilateral deal, boosting telecom cooperation between India and the Gulf 

Saudi Arabia, Egypt boost cooperation in tech investments to grow region’s digital economy

Value of Saudi Arabia's investments in Egypt has reached approximately $26 billion, with over 8,000 companies

Diriyah breaks Guinness World Record with largest AI assistant showcase on Saudi National Day

The event showcased over 500 Amazon Echo devices with Alexa during the 94th Saudi festivities

Saudi Arabia’s Minister of Industry visits U.S. as non-oil exports reach $2.68 billion

The visit aims to boost cooperation in industry and mining, strengthen bilateral relations, and attract investments to the Kingdom

Saudi Arabia climbs to 14th spot in Global AI Index, first among Arab nations

This 17-rank jump among 83 countries highlights the Kingdom's rapid progress in AI adoption and development 

Saudi-Italy bilateral trade hits $10.1 billion as 7,000 Italian firms target Saudi market

The announcement was made at the Saudi-Italian Business Forum at the Federation of Saudi Chambers' headquarters 

Saudi Arabia climbs 25 spots to 4th globally, 1st regionally in UN digital services index

The Kingdom ranked seventh in the e-participation index, with Riyadh placed third among 193 global cities 

In Saudi Arabia’s digital ascent, Google Cloud rises as a key growth catalyst

Dammam cloud region could create about 150,000 jobs by 2030 and support 1.2 million SMEs

Saudi Arabia concludes participation in G20 Space Economy Leaders Meeting, signs pact with Brazil for peaceful space collaboration

The meeting included bilateral talks with Brazil and India on cooperation in the space economy and related technologies

Saudi Arabia launches SAMAI initiative to empower one million citizens in AI

SAMAI initiative marks a significant strategic step towards developing human capital in Saudi Arabia

Saudi Arabia, Brazil unite to elevate joint efforts in space science and technology

The agreement details collaboration in space activities, such as science research and remote sensing

Saudi Arabia secures top ranking in the UN Global Cybersecurity Index 2024 through comprehensive national strategies

Saudi Arabia's exceptional performance across all five pillars highlights its leadership in this domain

Saudi Arabia’s THIQAH, Google Cloud partner to provide innovative solutions for business growth

Partnership seeks to provide access to world-class cloud infrastructure, addressing the diverse needs of customers

24 Fintech: $213 million fintech venture capital fund announced

In 2023 alone, investments in fintech in Saudi Arabia exceeded $790 million, an 8-fold increase from 2021's $91 million

GenAI to raise Saudi Arabia’s technology sector operating profits to $4 billion by 2028

The telecom, media & entertainment, and technology sectors could achieve the highest potential margin upside by adopting GenAI

Saudi Central Bank confirms Q4 2024 as launch period for ‘Samsung Pay’ service in Kingdom

Samsung Pay provides secure payments, letting users manage digital cards in the Samsung Wallet app

24 Fintech: Saudi Arabia to increase number of fintech companies to 525 by 2030 

By the end of Q2 2024, the number of Fintech companies in the Kingdom reached 224, exceeding the target of 168

Saudi fund deploys $20 billion globally in 50 years

800+ development projects have been funded by SFD since inception

New business park with $1 billion investment aims to transform Saudi’s Boulevard City

 The park features 60,000 sqm of creative spaces, nine innovative office buildings

Specialists from 160 countries to attend 19th Internet Governance Forum in Riyadh in December

The forum will discuss internet policy, share information, and exchange experiences to develop solutions

Cybersecurity contributes $4.15 billion to Saudi Arabia’s GDP in 2023: Report

 The sector reached $3.54 billion in 2023, showcasing remarkable growth

AlUla Manara Observatory development partnership to boost Saudi Arabia’s space research, astro-tourism

Collaboration to facilitate a range of joint research projects and contribute to the growing astro-tourism initiatives in AlUla