Saudi Arabia

2024.11.01

03:36

Google Cloud partners with Saudi PIF to build AI hub

Asia Tech Wire (Nov 1) -- Google Cloud and Saudi Arabia's Public Investment Fund (PIF) announced a strategic partnership to create a new global artificial intelligence (AI) center during the 8th Future Investment Initiative (FII8) on Wednesday.

2024.10.18

08:00

Saudi PIF-backed Lucid expects to raise $1.67 billion through stock sale

Asia Tech Wire (Oct 18) -- Cash-strapped U.S. electric car maker Lucid Motors expects to raise $1.67 billion through a stock sale.

03:53

U.S. software company SolarWinds plans to open office in Saudi Arabia next year

Asia Tech Wire (Oct 18) -- U.S. software development company SolarWinds plans to open an office in Saudi Arabia next year, according to Bloomberg.

2024.10.09

10:21

Saudi sovereign wealth fund cuts Nintendo stake to 7.54%

Asia Tech Wire (Oct 9) -- Saudi Arabia's sovereign wealth fund has reduced its stake in Nintendo, dropping its holding to 7.54%, the latest filing shows.

2024.10.08

03:46

Saudi Arabia plans multi-billion dollar investment in hydrogen

Asia Tech Wire (Oct 8) -- Saudi Arabia plans a multi-billion-dollar investment to develop hydrogen energy and will set up a new company to produce the much-anticipated low-carbon fuel, Bloomberg reported, citing people familiar with the matter.

2024.09.12

09:37

Huawei signs deal with Saudi AI regulator

Asia Tech Wire (Sep 12) -- Chinese tech giant Huawei has signed a Memorandum of Understanding (MoU) with the Saudi Data & Artificial Intelligence Authority (SDAIA) to launch a joint program to develop ICT and AI talent.

02:54

U.S. mulls allowing Nvidia to export advanced chips to Saudi Arabia, report says

Asia Tech Wire (Sep 12) -- The U.S. government is considering allowing Nvidia to export advanced chips to Saudi Arabia that would help the Asian country train and run the most powerful AI models, according to news site Semafor.

2024.09.09

07:20

Meituan formally launches food-delivery platform Keeta in Saudi Arabia

Asia Tech Wire (Sep 9) -- Chinese food delivery giant Meituan (3690.HK) has formally launched its international food delivery platform KeeTa in Saudi Arabia.

2024.08.06

03:44

U.S. EV maker Lucid secures $1.5bn investment from Saudi sovereign wealth fund

Asia Tech Wire (Aug 6) -- U.S. electric car maker Lucid Motors has secured a $1.5 billion investment commitment from Saudi Arabia's sovereign wealth fund.

2024.07.29

04:25

JinkoSolar expects Saudi project to start production in early 2026

Asia Tech Wire (July 29) -- Chinese solar module manufacturer JinkoSolar expected its Saudi Arabia project to start production in early 2026.

2024.07.24

03:56

First Olympic Esports Games to be held in Saudi Arabia in 2025

Asia Tech Wire (July 24) -- The first Olympic Esports Games will take place in Saudi Arabia in 2025.

2024.07.19

08:26

Meituan could launch delivery business in Riyadh as early as September

Asia Tech Wire (July 19) -- Meituan may formally launch its delivery business in Riyadh as early as September, according to Chinese media outlet National Business Daily.

2024.07.18

09:59

Saudi Arabia to buy up to 100 eVTOL Jets from Germany's Lilium

Asia Tech Wire (July 18) -- Saudi Arabia will buy up to 100 electric vertical take-off and landing (eVTOL) aircraft from German eVTOL maker Lilium.

2024.07.16

07:45

Sungrow announces signing of world's largest energy storage project

Asia Tech Wire (July 16) -- Chinese solar inverter & energy storage system provider Sungrow (300274.SZ) on Tuesday announced the signing of an energy storage project with Saudi Arabia-based investment company Algihaz with a total capacity of up to 7.8 GWh.

2024.07.15

09:57

Saudi Arabia's state fund hires banks for Nupco IPO

Asia Tech Wire (July 15) -- Saudi Arabia's sovereign wealth fund has picked banks for the planned IPO of Nupco, the kingdom's largest healthcare procurement company, according to Bloomberg.

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