ZainTECH secures Saudi commercial licence
This transition from an investment licence to a full national entity status cements ZainTECH's long-term commitment to the kingdom, allowing it to scale its advanced technology solutions across key sectors such as digital IoT, cybersecurity, drones, AI, and cloud services, said a statement from ZainTECH.
Saudi Arabia is a vital market for ZainTECH, and securing national entity status marks a defining moment in its growth journey.
The commercial licence comes on the back of ZainTECH's recent participation at LEAP 25 whereby the company announced a multitude of agreements with local entities including: King Khalid University that aims to revolutionise digital education; with both Najm Insurance Group and Diamond Policy and its Shahin Platform to drive digital transformation, cybersecurity and technological advancements in KSA's insurance sector; as well as with Leejam Sports to drive the future of digital fitness in the Kingdom and beyond.
This step facilitates the opening of regional offices and will allow the company to operate with greater agility, contribute to the kingdom's digital economy, and reinforce its mission to deliver world-class technology solutions that empower businesses and government bodies to better serve the dynamic and digitally savvy local community.
The strategic move underscores ZainTECH's deep commitment to Saudi Arabia's digital transformation ambitions, fully aligning with Vision 2030, said the statement.
By strengthening its local presence, the company is poised to forge stronger collaborations, drive meaningful innovation, and provide tailor-made solutions that address the evolving needs of businesses and government entities in KSA, it stated.
As part of ZainTECH's expansion to the Saudi market, the company is actively exploring strategic partnerships with both public and private sector organizations to accelerate the adoption of next-generation solutions that enhance efficiency, security, innovation and business resilience.
This expansion is also set to create new opportunities for local talent, strengthen the kingdom's digital infrastructure, and accelerate the adoption of emerging technologies across industries.
"By deepening its footprint in Saudi Arabia, ZainTECH is doubling down on its investment in cutting-edge digital services, reinforcing its role as a key player in the region's technological evolution," said a company spokesman.
ZainTECH, he stated, has cemented its position as a leading ICT digital solutions provider to enterprises and government bodies across the MEA region.
"With a focus on AI-driven solutions, cloud advancements, and enterprise security, the company is well-positioned to support the Kingdom's vision for a sustainable, technology-driven economy," he added.- TradeArabia News Service
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
3 minutes ago
- Zawya
SRC signs a real estate finance portfolio purchase agreement with Bank Albilad
Riyadh, KSA - The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a real estate finance portfolio purchase agreement with Bank Albilad. The signing took place in the presence of His Excellency Majid bin Abdullah Al-Hogail, the Minister of Municipalities and Housing and Chairman of SRC, alongside Mr. Nasser bin Mohammed Al-Subaie, Chairman of Bank Albilad. This strategic step reinforces the ongoing partnership between the two entities and reflects their shared commitment to supporting the growth of the Kingdom's residential real estate finance market. The agreement forms part of a broader series of future initiatives aimed at deepening collaboration between SRC and the bank over the coming year, in support of the development of the housing and financial sectors. It aligns with Saudi Vision 2030 objectives to enhance financial sustainability and stimulate economic growth. Commenting on the signing, SRC CEO Majeed bin Fahed Al-Abduljabbar stated: 'This agreement marks an important milestone in strengthening our refinancing capabilities and in offering financing solutions for Saudi citizens. We value our continued partnership with Bank Albilad, which will play a key role in advancing future securitization plans, enhancing the sustainability of the residential real estate finance market, and attracting both local and international investment.' Bank Albilad CEO Abdulaziz Al-Anizan said: 'Our partnership with SRC represents a pivotal step in supporting and developing the Kingdom's real estate finance sector, while contributing to the ongoing evolution of Saudi capital markets. Together, we aim to deliver innovative financial solutions that create real value for both the financial and housing sectors, in line with Vision 2030.' This agreement builds on the existing partnership between the two institutions, established in 2022, which aims to promote sustainability in the Kingdom's housing finance market and provide citizens with suitable home financing options. The Saudi Real Estate Refinance Company (SRC) was established by the Public Investment Fund in 2017 to develop the Kingdom's real estate finance market. Licensed by the Saudi Central Bank (SAMA), SRC plays a vital role in facilitating mortgage refinancing and achieving the objectives of the Housing Program under Saudi Vision 2030, which aims to increase homeownership among Saudi citizens. By providing liquidity to lenders, SRC enables them to offer more affordable housing finance solutions. The company also works closely with its partners to strengthen the broader housing ecosystem in Saudi Arabia.
Campaign ME
2 hours ago
- Campaign ME
Rixos Obhur Jeddah picks Brazen MENA as PR partner for Saudi launch
Rixos Hotels has appointed Brazen MENA as its strategic Public Relations partner for the launch of Rixos Obhur Jeddah, an all-inclusive family and lifestyle resort in Saudi Arabia. The appointment follows a competitive pitch process and marks a milestone moment for both brands as Rixos makes its highly anticipated debut in the Kingdom. Brazen MENA will lead launch communications for the flagship property, with a remit spanning strategic media relations, content development, influencer engagement, and storytelling around the brand's signature 'all-inclusive, all-exclusive' philosophy. The agency will spotlight the resort's cultural relevance and its role in shaping Saudi Arabia's evolving tourism landscape. Mohammed Al-Khatib, General Manager of Rixos Obhur Jeddah, said, 'We are delighted to partner with Brazen MENA at this pivotal moment for the Rixos brand in Saudi Arabia. As a milestone launch, it was essential to find a PR partner who understands the market and brings bold, creative storytelling.' Al-Khatib added, 'Brazen MENA stood out for their strategic thinking, local insight, and passion for lifestyle-driven communications – we're excited to bring this destination to life together.' The win further strengthens Brazen MENA's growing portfolio in the Kingdom and reinforces the agency's track record in delivering high-impact, locally relevant campaigns for some of the region's most exciting hospitality brands. Louise Jacobson, Managing Partner at Brazen MENA, said, 'This is a hugely exciting win for the agency. Rixos Obhur Jeddah isn't just a resort – it's a game-changing destination that speaks to where Saudi tourism is heading. Our expertise in lifestyle, hospitality, and market-first openings puts us in a prime position to help bring the launch to life and create lasting impact.'' Located on the shores of Obhur Bay, Rixos Obhur Jeddah represents a bold new chapter in experiential travel, combining elevated hospitality with a vibrant, family-first approach. The resort aims to blend contemporary elegance with Arabian hospitality and features 250 accommodations, a private beach, curated dining concepts, world-class wellness facilities and Jeddah's only dedicated kids' club. Meanwhile, with offices in Dubai and Riyadh, Brazen MENA continues to build on its bold new brand platform – B Ahead, B Brazen, aimed at driving greater visibility, reputation and impact across the region.
Campaign ME
2 hours ago
- Campaign ME
SPANDY launches to combine global creative talent with MENA cultural storytelling
SPANDY, meant to be a hub for premier creative talent, has launched in the Middle East and North Africa (MENA) region, dedicated to representing a curated roster of world-class film directors and photographers. Headquartered in Riyadh, with operations across Dubai and Riyadh, SPANDY intends to fill a market gap: providing the region with direct access to international creative talent while fostering standout visual storytelling rooted in regional culture. With exclusive regional representation rights for top-tier talent, SPANDY connects brands and creative agencies in MENA with directors and photographers behind campaigns for brands such as NEOM, Vision 2030, ROSHN and Adidas. The current lineup includes globally recognised image-makers, Cannes Lions winners, fashion film pioneers and music video auteurs, such as: Anthony Mandler – multi-award winning director, including BET, VMA, and Clio Award – multi-award winning director, including BET, VMA, and Clio Award Lorenzo Agius – celebrated worldwide for his editorial photography work and celebrity portraiture – celebrated worldwide for his editorial photography work and celebrity portraiture Colin Tilley – Grammy nominated director, winner of a Cannes Lions Grand Prix, and multiple MTV VMAs SPANDY's creators span all major verticals – commercials, fashion, music, sport, beauty, travel, automotive – and are selected for cultural fluency, regional relevance, and the ability to craft content that resonates both globally and locally. Jo Lurie, Creative Talent Director of SPANDY, said, 'SPANDY was born from a simple belief: the MENA region deserves access to the same world-class visual storytellers as any other global market. Our mission is to champion that talent with fierce creative ambition and to create a home where bold, standout work isn't the exception, it's the expectation.' This comes as a response to a surge in demand for higher-quality content in the region. MENA's creative economy is undergoing a transformation. With digital ad spend across the region projected to grow from $8.1bn in 2023 to $17.3bn by 2029, and short-form branded content surging across platforms such as YouTube and TikTok, brands are racing to meet audience demand with higher-quality storytelling. National visions are backing the shift. Saudi Arabia, the UAE, Egypt, and others are investing billions into creative industries, with Saudi's Vision 2030 alone injecting over $64bn into entertainment, arts and media. Already, SPANDY talent has been tapped for marquee campaigns across Saudi Arabia, the UAE, Qatar and Egypt, including brand films for luxury retail, automotive and high-end hospitality, each crafted to global standards while deeply tuned to local tastes. All talent on the SPANDY roster are exclusively available through the agency, giving clients direct access to exceptional talent that can't be booked anywhere else in the region.
