Forty-six deep-tech startups graduated from the KACST Venture Program in Riyadh, representing sectors like energy, healthcare, and renewables. The program, backed by the National Technology Development Program, supports emerging technologies and aims to transform research into marketable products. The new phase will involve partnerships with Saudi universities.
Zension Technologies has raised $30 million in Series A funding, led by Wa’ed Ventures and Sumitomo Corporation. The investment will support Zaam, a subscription-based model for tech devices, offering flexibility and sustainability by promoting a circular economy. Zension aims to reduce e-waste while providing affordable tech upgrades to consumers.
Wa’ed Ventures and Sumitomo have invested $30 million in Zension Technologies, a Riyadh-based startup offering a tech subscription model. The new funding will help launch Zaam, a platform for tech subscriptions in the UAE and Saudi Arabia, aiming to extend device lifespans and reduce e-waste in the region.
Virgin Mobile Saudi Arabia, owned by global tech company Beyond ONE™, is disrupting the mobile landscape with the launch of…
Ericsson has announced a new organizational structure for its Middle East and Africa operations, creating the Customer Unit Saudi Arabia, led by Håkan Cervell. This move aims to enhance market responsiveness and accountability, supporting Saudi Arabia’s digital transformation and connectivity goals, while fostering local empowerment and decision-making.
Sahm App has achieved a major milestone, reaching over one million users in its first year. The all-in-one platform provides seamless access to the Saudi and U.S. markets, offering real-time data, personalized features, and educational resources. To celebrate, Sahm Capital launched the “1 Million Cash Giveaway” campaign.
The Saudi Ministry of Interior’s Security Oasis exhibition at the King Abdulaziz Camel Festival showcased the Kingdom’s security history and modern initiatives. Highlighting developments in AI, technology, and public safety, the event featured interactive experiences, military performances, and demonstrations, emphasizing the Kingdom’s efforts in enhancing safety and security services.
Saudi Arabia has introduced a mandatory USB Type-C charging standard for mobile phones and electronic devices, effective from January 1, 2024. This initiative aims to reduce costs, improve data transfer, and promote sustainability by reducing electronic waste. Laptops will be included in the second phase, starting in 2026.
Saudi Arabia and Iraq are enhancing their digital partnership through discussions on joint investments and digital transformation. The talks aim to foster innovation, support entrepreneurship, and contribute to economic growth. The collaboration aligns with Saudi Vision 2030 and Iraq’s digital strategy to strengthen their economies through emerging technologies.
The Saudi Skills National Competition launched its mobile robotics challenge in Al-Ahsa, gathering 40 talented young men and women from across the Kingdom. Participants from six educational institutions are competing for a chance to represent Saudi Arabia in regional and international competitions, enhancing their skills in various technical fields.
