Saudi Arabia saw a 14% annual increase in expatriate remittances in April, totaling SR11.35 billion. Payments from Saudis also rose by 30%, reaching SR4.94 billion. This growth is driven by new development projects, improved economic conditions, digitalization, and supportive regulatory reforms, enhancing the ease of doing business.
King Abdulaziz University awarded Naseej for Technology a SAR 16.18 million contract for academic system upgrades and support. Additionally, the company secured a SAR 17.24 million deal with the Ministry of Commerce. Despite a slight revenue increase, Naseej reported a 39.55% drop in net profit for 2023.
Aramco Digital, the subsidiary of Saudi Aramco, has received a Specialized Radio Network Licence in the 450MHz band from the Saudi CST. This license will facilitate a dedicated network for industrial sectors, advancing digital transformation and enabling IIoT applications, as announced by CEO Tareq Amin.
As the Middle East continues to advance its broadband infrastructure, the potential for a fully connected, high-speed future seems imminent.
CST has qualified Aramco Digital for a Specialized Radio Network License in the 450 MHz band, aiming to serve industrial and business sectors with advanced wireless technologies, supporting digital transformation and enabling 4th industrial revolution applications and IIoT.
Cloudflare has expanded its Regional Services to Saudi Arabia and 18 new regions, enabling customers to localize data processing for compliance and security, while maintaining high performance and flexibility through software-defined regionalization.
SDAIA has earned the ISO 42001 certification for 2024, acknowledging its adherence to international AI management standards in planning, governance, risk management, and continuous improvement.
Zain KSA has announced its readiness for the Hajj season of 1445 AH (2024) with full 5G coverage at all holy sites. This initiative supports Saudi Vision 2030’s Pilgrim Experience Program, enhancing pilgrims’ digital experience with high-speed data access and exceptional connectivity.
Saudi Arabia’s SAMI Advanced Electronics Co. and the National Unified Procurement Co. (NUPCO) have partnered to enhance the Kingdom’s healthcare system using digital technologies. The agreement will improve medication tracking, IT infrastructure, and local manufacturing of medical devices, aligning with Saudi Vision 2030’s goals for advanced healthcare services.
Saudi Arabia will invest SR4.2 billion ($1.2 billion) to enhance its digital content industry through the newly established Digital Content Council. The council will fund 36 initiatives to develop skills and create jobs in video gaming, video production, and digital advertising, promoting the Kingdom’s growing digital content sector.
