Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
The Sports Boulevard Foundation has launched Phase I of Riyadh’s Sports Boulevard project, completing five key destinations. The 83 km project aligns with Saudi Vision 2030, promoting physical, mental, and social well-being, and offering diverse sports opportunities. This milestone contributes to Riyadh’s transformation into a global hub for livability.
Mastercard’s SME Confidence Index reveals that Saudi SMEs are optimistic about 2025, embracing digital transformation through AI, data analytics, and digital payments. With 99% of SMEs accepting digital payments, businesses are driving growth. Mastercard continues to support SMEs with tailored solutions, aligning with Saudi Vision 2030’s economic goals.
DataVolt and MODON have partnered to develop a state-of-the-art AI-Ready data center in Riyadh. The 55,000 square meter facility will feature sustainable designs, cutting-edge cooling systems, and optimized energy solutions, supporting the growing demand for AI and digital infrastructure in Saudi Arabia, in line with Vision 2030.
Saudi Arabia is accelerating its shift toward data-driven decision-making with the $100 billion Project Transcendence. The Smart Data & AI Summit, set for May 2025, will connect over 500 professionals, showcasing the Kingdom’s growing leadership in data, AI, and digital innovation, and solidifying its place as a global powerhouse.
Databricks plans to invest $300 million in Saudi Arabia over the next five years to expand data and AI capabilities. The investment includes a partnership with Tuwaiq Academy to upskill Saudi citizens, along with the launch of its Data Intelligence Platform, aimed at advancing AI and analytics innovation.
Etihad Salam Telecom and EdgeNext have partnered at LEAP 2025 to enhance telecommunications in Saudi Arabia. The collaboration includes co-locating servers, procuring high-speed internet services, and facilitating a peering connection with the Saudi Internet Exchange, aiming to improve content delivery and network efficiency in line with Saudi Vision 2030.
Barq, a Saudi fintech company, has partnered with Alipay+ to enhance cross-border payments, becoming part of Alipay+’s international network. This collaboration supports Saudi Arabia’s Vision 2030 by improving financial transactions and boosting tourism. Barq’s previous partnership with Mastercard in 2024 further strengthens its payment solutions.
Lenovo, in partnership with Alat, has begun construction on a new $2 billion manufacturing hub in Riyadh, Saudi Arabia. The facility, set to produce Saudi-made laptops and servers, aligns with Vision 2030 goals and is expected to create thousands of jobs while enhancing Lenovo’s regional presence in the MEA market.
HP has announced strategic investments in Saudi Arabia, including a new manufacturing facility in Riyadh and an AI and R&D Centre of Excellence in Dhahran. These initiatives aim to boost Saudi Arabia’s technology sector and education programs, contributing to the country’s Vision 2030 goals of digital transformation and workforce development.
Cisco has unveiled key initiatives to advance AI and cloud services in Saudi Arabia, including new data centers, AI talent development, and local manufacturing plans. These efforts align with Saudi Vision 2030, aiming to strengthen digital infrastructure, foster innovation, and contribute to the kingdom’s economic growth.