Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Sadq, a digital signature provider based in Riyadh, raised $1.46 million in a Pre-Series A round led by X by Unifonic. The funds will help the company scale its infrastructure, enhance security, and support the growing demand for paperless workflows in line with Saudi Arabia’s Vision 2030 digital transformation agenda.
Sadq, a Saudi startup, raised USD 1.46 million in pre-Series A funding, led by X by Unifonic Fund. The investment will help the company enhance its technology, scale services, and expand its digital signature solutions. Founded in 2022, Sadq focuses on digital trust and secure workflow authentication in Saudi Arabia.
Saudi Arabia is advancing its quantum technology capabilities by establishing a Quantum Valley in collaboration with Aramco, SDAIA, and global quantum firms like IBM and Pasqal. This initiative aims to develop the Kingdom’s first quantum computer and support advancements in various sectors, aligning with Saudi Arabia’s Vision 2030.
The second SaudiFood Manufacturing show, set for April 13-15 in Riyadh, will spotlight industry innovation, sustainability, and emerging business models in the Kingdom’s food sector. With over 550 international brands and thought leaders, the event aligns with Saudi Arabia’s Vision 2030, driving growth and local food production.
Telr has partnered with Saudi Awwal Bank (SAB) to enhance payment services and support Saudi Arabia’s Vision 2030 goal for a cashless economy. This collaboration provides merchants with advanced payment solutions, including BNPL and digital invoicing, while improving transaction speed, security, and compliance with local regulations.
SS&C Technologies has opened a new office in Riyadh to deepen its ties with Saudi Arabia’s financial sector. This expansion supports the company’s growth in the region, where it already serves 150 clients. The new office will focus on enhancing collaboration with local regulators and providing tailored services.
Tata Communications and Mobily have strengthened their partnership to enhance Mobily’s international roaming services, providing customers with seamless connectivity and advanced monitoring through RoamPulse. This collaboration aims to improve operational efficiency, reduce costs, and offer a superior roaming experience, while driving new revenue opportunities for Mobily.
Saudi Arabia’s transportation network set new records during Ramadan, with Haramain High-Speed Railway carrying 1.2 million passengers, a 21% increase from last year. Public transport, ride-hailing, and logistics sectors all saw significant growth. The TGA emphasized the success of coordinated efforts in supporting the Kingdom’s Vision 2030 goals.
Saudi Arabia will host the Industrial Transformation Saudi Arabia event in December, in partnership with Riyadh Exhibitions Company and Deutsche Messe. This event will showcase advancements in industrial automation and smart manufacturing, aligned with Saudi Vision 2030, and aims to attract global manufacturers, foster innovation, and promote investment opportunities.
Saudi Arabia’s transportation sector experienced record demand during Ramadan, with the Haramain High-Speed Railway carrying over 1.2 million passengers. Public transport buses, ride-hailing, car rentals, and logistics also saw significant growth. These achievements reflect the success of regulatory efforts and the country’s ongoing commitment to Vision 2030’s goals.