Al Moammar Information Systems Co. (MIS) sold its entire investment in OpenAI for $8.4 million, earning a profit of $3.4 million. The sale follows other strategic moves in AI and digital infrastructure, including partnerships and contracts in Saudi Arabia. MIS’s 2024 profits saw a 356% increase.
Qme, an Egypt-based B2B SaaS startup, raised $3 million in a seed round led by AHOY and GCC angel investors. The funding will enhance its AI-powered digital infrastructure solutions, which have already served over 100,000 customers, improving waiting times, reducing no-show rates, and eliminating paper-based systems.
Databricks plans to invest $300 million in Saudi Arabia over the next five years to expand data and AI capabilities. The investment includes a partnership with Tuwaiq Academy to upskill Saudi citizens, along with the launch of its Data Intelligence Platform, aimed at advancing AI and analytics innovation.
SURJ Sports Investment, part of Saudi Arabia’s Public Investment Fund, has acquired a minority stake in DAZN, boosting Saudi-backed sports content on the streaming platform. This partnership will enhance DAZN’s global growth and expand its reach, particularly in Saudi Arabia and the Middle East, aligning with the region’s sports ambitions.
Pakistan’s Deputy Prime Minister, Senator Mohammad Ishaq Dar, invited Etisalat and e& to increase their investments in Pakistan’s telecom sector during a meeting in Dubai. The discussions focused on Pakistan’s favorable investment policies and the potential for further growth, aiming to strengthen the country’s telecom infrastructure.
Salesforce is investing $500 million in AI initiatives in Saudi Arabia, unveiling Hyperforce and collaborating with major firms to expand its AI-driven customer service platform. The company will also establish a regional headquarters in Riyadh and upskill 30,000 Saudi citizens by 2030, contributing to the country’s AI ambitions.
Saudi Arabia’s CST and SCIT Group have partnered for a $100 million investment to enhance Air-to-Ground (A2G) communication technology. The initiative aims to improve aviation safety, passenger connectivity, and airline operations, while fostering local talent and regional expansion. This collaboration positions Saudi Arabia as a global leader in aviation technology.
Oman’s participation in LEAP 2025 led to nine tech cooperation agreements worth over $10 million. Omani startups such as GSME, DataMining, and Mubasher secured partnerships with Saudi firms in areas like semiconductors, AI, and software solutions, marking a significant expansion of Oman’s tech sector into international markets.
Taager, a leading social e-commerce platform in the MENA region, has raised $6.75 million in pre-Series B funding to expand its offerings. The funding will help the company scale its operations, provide better tools and insights for social sellers, and grow its presence across the MENA region.
Salesforce has announced a $500 million investment in Saudi Arabia, focusing on AI adoption, workforce development, and expanding its regional presence. The investment includes bringing Hyperforce and Agentforce to the Kingdom, upskilling 30,000 citizens in AI, and partnering with Princess Nourah University to empower women in the digital economy.
