Saudi Arabia’s Cabinet has approved key international initiatives, including hosting talks for peace in Ukraine and strengthening women’s empowerment under Vision 2030. The Kingdom’s leadership also emphasized support for Palestine, Syria, and regional cooperation. Additionally, positive economic growth and national projects were reviewed, along with celebrations of Saudi Flag Day.
Riyadh is set to lead data center growth in the Middle East, with a 37% annual growth rate expected through 2027. Driven by Saudi Arabia’s focus on digital transformation and AI initiatives, global tech companies like Microsoft and AWS are investing heavily, positioning the country as an AI powerhouse.
stc has deployed Juniper 400G routers in its core network and data centres to enhance its 5G network capacity across 75 cities in Saudi Arabia. The upgrade increases bandwidth, reduces energy consumption, and simplifies operations, supporting stc’s goal of expanding 5G services while lowering operational costs and carbon footprint.
Ninja, a Saudi-based quick commerce firm, is in talks for a funding round at a valuation over $1 billion, with Riyad Capital leading the deal. The company, preparing for an IPO by 2027, operates in multiple Gulf countries and aims to expand further within the region’s growing e-commerce market.
Huawei Tech Investment Saudi Arabia has partnered with Jahez Group to integrate Jahez, Blu STORE, and PIK apps into HUAWEI AppGallery. This collaboration enhances digital services for millions of customers across Saudi Arabia, offering food delivery, e-commerce, and sports merchandise apps, aligning with Saudi Arabia’s Vision 2030 digital transformation goals.
Saudi Arabia’s Alat has acquired a 15% stake in TK Elevator and launched a €160 million ($166.62 million) joint venture to manufacture elevators and escalators locally. The JV will be headquartered in Saudi Arabia, supporting the kingdom’s vision to become a global leader in electronics and advanced industries.
Salam has partnered with CDNetworks to enhance internet services in Saudi Arabia, focusing on ultra-low latency and high-speed solutions. The collaboration aims to meet the growing demand for digital services, including gaming and video streaming, with a robust digital ecosystem and improved connectivity across industries in the Kingdom.
Saudi Arabia, Indonesia, Malaysia, and the UAE account for more than half of the global Islamic fintech firms. The market, valued at $161 billion in 2023/24, is projected to grow to $306 billion by 2028. Saudi Arabia leads as the dominant hub, with challenges like capital access impacting growth.
Telenor IoT has partnered with stc to provide IoT connectivity management services in Saudi Arabia. The collaboration will enable seamless connectivity for customers in the Kingdom, including manufacturers in the transportation sector. This partnership supports Saudi Arabia’s Vision 2030 and the growing demand for connected devices and services.
Zain KSA and Dell Technologies have partnered to transform the cloud ecosystem in Saudi Arabia. Through this collaboration, Zain will leverage Dell’s expertise to offer automated cloud services, empowering businesses to seamlessly manage their cloud services and driving digital transformation across the region.
