Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Elm, owned by Saudi Arabia’s PIF, has established its first office in Muscat to advance Oman’s Vision 2040 digital goals. The company will provide AI, cybersecurity, and e-government solutions, enhancing regional cooperation and supporting Oman’s digital economy growth.
Etihad Salam Telecom and ELM have partnered to drive digital transformation in Saudi Arabia. The collaboration combines Salam’s telecommunications infrastructure with ELM’s expertise in smart city solutions and emerging technologies like AI, IoT, and blockchain. Together, they aim to enhance urban living and provide sustainable, connected solutions across the Kingdom.
The Public Investment Fund (PIF) and Elm have signed an agreement for Elm to acquire Thiqah Business Services for $907 million. The acquisition will strengthen the Saudi ICT sector, support Vision 2030’s digital transformation goals, and enhance the development of advanced national smart services and technologies.
Saudi Arabia’s Public Investment Fund (PIF) has sold Thiqah Business Services to Elm for 3.4 billion Saudi riyals ($907 million). This sale is part of PIF’s strategy to strengthen reserves and focus on local investments in anticipation of Saudi Arabia’s economic transformation under the Vision 2030 plan.