Business

Saudi Arabia's National Infrastructure Fund and Humain, the kingdom's artificial intelligence company, announced a financing agreement of up to $1.2 billion on Wednesday to support the expansion of AI and digital infrastructure in the country.

Saudi data governance startup Governata has raised 4 million dollars in seed funding as enterprises look for practical ways to make their data compliant and ready for AI deployment. The company is targeting large public and private sector organisations across Saudi Arabia and the wider Middle East, where many AI programmes slow down at the same point: unreliable, ungoverned data.

Wael Aburida, CEO & Managing Partner of Fikra Ventures with Ahmad Ali Alwan, CEO, Hub71 (Image supplied) Fikra Ventures joins Hub71 as a partner venture studio, combining in-house venture creation with a joint-venture pathway for selected global AI companies scaling into the region. Fikra Ventures has announced a partnership with Hub71, Abu Dhabi's global tech ecosystem, to build and scale AI-native companies from Abu Dhabi. Under the partnership, Fikra Ventures joins Hub71'

#SaudiArabia #corpoatemoves - Canadian information management technology company OpenText has opened its Middle East regional headquarters in Riyadh, underscoring the company’s long-term commitment to Saudi Arabia and the region’s accelerating digital economy. Located in the King Abdullah Financial District (KAFD), the new headquarters will serve as a central hub for OpenText customers and partners across the Middle East, enabling closer collaboration with government and priv