Salesforce has announced plans to expand its operations in Saudi Arabia with a new regional headquarters in Riyadh, along with a partnership with IBM to launch an AI Center of Excellence. The company also committed to upskilling 30,000 Saudi citizens by 2030, supporting Vision 2030’s digital transformation goals.
Saudi Arabia’s Public Investment Fund (PIF) has sold Thiqah Business Services to Elm for 3.4 billion Saudi riyals ($907 million). This sale is part of PIF’s strategy to strengthen reserves and focus on local investments in anticipation of Saudi Arabia’s economic transformation under the Vision 2030 plan.
Oracle’s first CloudWorld Tour event in Saudi Arabia marks a key milestone in its commitment to supporting the Kingdom’s AI economy. The event celebrated 30 years of Oracle’s involvement in Saudi Arabia’s digital transformation, featuring keynotes, AI demonstrations, and showcasing Oracle’s cloud innovations that align with Vision 2030.
Nokia and Zain KSA have partnered to launch the first 4G/5G Femtocell solution in the region, aiming to improve indoor mobile connectivity for businesses in Saudi Arabia. This collaboration aligns with Saudi Vision 2030 and supports Zain KSA’s investment in 5G and digital transformation across the Kingdom.
Tawakkalna continues to improve digital services for Saudi citizens, residents, and visitors by offering access to over 600 e-government services. The app simplifies daily tasks and supports government entities with technical integration. Its ongoing updates align with Saudi Arabia’s Vision 2030 goals for enhanced digital government services.
Virgin Mobile KSA has launched a new campaign promoting its Switch Postpaid Plan, addressing the common frustration of overpaying for unused services. The campaign uses humor and relatable scenarios to connect with Saudi audiences, aiming to offer a practical solution to the issue of overpayment through three films.
The International Telecommunication Union (ITU) has recognized Saudi Arabia’s Digital Regulatory Academy (DRA) for its role in advancing digital capabilities globally. The DRA has contributed to the Telecommunications and Technology Assistance Project and trained over 900 individuals from 100+ countries, furthering the nation’s leadership in digital regulation and transformation.
Saudi Arabia’s Public Investment Fund (PIF) is reportedly close to taking a 10% stake in DAZN for US$1 billion. The sports streaming service, which has ties to Saudi sports, plans to break even this year after accumulating $5 billion in losses. DAZN also aims to acquire Foxtel for $2.2 billion.
Lenovo and Alat, a Saudi PIF company, have completed a $2 billion investment deal, establishing a regional headquarters and sustainable manufacturing facility in Saudi Arabia. This partnership will enhance Lenovo’s presence in the Middle East and Africa, support job creation, and align with Saudi Arabia’s Vision 2030 goals.
Huawei Cloud has been officially enrolled in Saudi Arabia’s EXPRO Cloud National Framework Agreement, enabling the provision of IaaS and PaaS solutions to government entities. This strategic collaboration will enhance the Kingdom’s digital transformation efforts, improving operational efficiency while maintaining data sovereignty and security within the public sector.
