Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Pakistani fintech Abhi has entered Saudi Arabia with its instant earned wage access platform, letting employees withdraw earned pay anytime. The move expands Abhi’s MENA footprint amid growing competition in the Kingdom’s EWA market.
Salesforce is expanding into Saudi Arabia with a $500 million, five-year investment to drive AI adoption. The company will open a regional headquarters in Riyadh and hire up to 40 employees by 2025, supporting Saudi Arabia’s digital transformation and AI-focused initiatives.
Khazna, the UAE’s leading data center developer, plans to expand into Saudi Arabia, aiming for 25% market share. The company is set to compete with local firms while targeting hyperscaler needs. Khazna is also expanding globally, with new centers in Turkey, Kenya, and Europe, driven by strong investments and rapid growth.
Rabbit, the Egypt-based quick commerce startup, has expanded into Saudi Arabia with a regional HQ in Riyadh. The company aims to deliver 20 million items across the Kingdom by 2026. Rabbit focuses on fast, AI-powered deliveries in 20 minutes and has seen significant growth in its Egypt market.
Parcel, a Hope Ventures portfolio company, has expanded its operations into Saudi Arabia after revolutionizing delivery services for 3,000 businesses in Bahrain. Through its tech-driven platform, it offers a cost-effective alternative to fleet management, empowering businesses to streamline operations and improve customer satisfaction.
Stake, a UAE-based real estate investment platform, is considering relocating its regional headquarters to Saudi Arabia as part of its strategy to expand within the Kingdom’s growing real estate market. The company launched operations in Saudi Arabia on December 9, marking the beginning of its expansion in the region.
Qara, an Egyptian supply chain technology startup, has secured $2.6 million in funding to expand into Saudi Arabia. The platform ensures product authentication and traceability, benefiting over 50,000 users across multiple countries. This expansion aligns with Vision 2030 and highlights Qara’s role in driving innovation in the region.