Global leading technology corporation FPT has signed a Memorandum of Understanding with THIQAH, a prominent provider of smart business solutions in Saudi Arabia. This partnership aims to explore joint business opportunities and deliver advanced digital solutions across various industries in the Kingdom, supporting the nation’s ambitious Vision 2030 goals. The signing ceremony was attended by Vietnam’s Prime Minister Pham Minh Chinh, along with senior executives from FPT and THIQAH.
This strategic collaboration combines FPT’s global expertise in digital transformation with THIQAH’s local market knowledge and strong presence in Saudi Arabia. Together, the companies will offer innovative, tailored digital solutions to meet the increasing demand for technology-driven efficiency and operational excellence. The partnership will focus on enhancing Saudi Arabian businesses across key industries through cutting-edge technology, including artificial intelligence, automation, and data analytics, to drive operational improvements and enable sustainable growth.
Saudi Arabia is one of Vietnam’s key economic partners in the Middle East, with bilateral trade reaching $2.21 billion in the first nine months of 2024. This collaboration highlights Vietnam’s growing stature as a global technology hub and reflects a broader vision aimed at strengthening technological ties between Saudi Arabia and Vietnam.
Rimah Ghaddar, Chief Executive Officer of FPT Software Middle East, stated, “Through our partnership with THIQAH, we achieve synergy between our global expertise and the Kingdom’s ambitious vision. This collaboration not only supports business growth but also advances the future of technology in the region, strengthening the bonds between our two countries.”
Ayman Al Fallaj, Chief Executive Officer of THIQAH, expressed pride in the partnership, stating, “We are committed to enhancing digital transformation in the region, reflecting our leadership in delivering smart solutions that meet modern demands. This partnership is a step toward accelerating technological development within the Kingdom and achieving operational efficiency across sectors while also opening the door for exporting our smart solutions, enhancing our regional and global presence.”
FPT Middle East recently achieved the Regional Headquarters license for its operations in Saudi Arabia and the Middle East. This recognition reinforces FPT’s commitment to seamless service delivery and aligns with the Kingdom’s innovation and economic diversification goals, positioning FPT as a long-term strategic partner in the region.
About FPT Corporation
FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam. FPT operates in three core sectors: Technology, Telecommunications, and Education. Over three decades, FPT has delivered practical and effective products to millions worldwide, establishing Vietnam’s position on the global tech map. With a focus on the latest market trends and emerging technologies, FPT has developed the Made-by-FPT ecosystem of services, products, solutions, and platforms, promoting sustainable growth for organizations and unique customer experiences. In 2023, FPT recorded total revenue of $2.17 billion and employed over 48,000 people. For more information, visit FPT Corporation.
About THIQAH
Founded in 2012, THIQAH has established itself as a leader in smart solutions in Saudi Arabia, backed by a team of experienced digital transformation experts. Owned by the Public Investment Fund (PIF), THIQAH assists partners from both the public and private sectors in adopting advanced digital solutions to keep pace with technological developments and enhance operational efficiency. For more information, visit THIQAH.
