Qualcomm and Aramco Digital to drive industry transformation through commercialization of advanced edge AI for industrial IoT
Aramco Digital will aim to develop and commercialize a range of advanced edge AI industrial devices and end-to-end solutions powered by products and services from Qualcomm Technologies. These solutions will help meet the specific requirements of various industry sectors in the Kingdom, and are designed to increase efficiency and productivity, enhance safety and sustainability, and enable new innovations in industrial-based services, from worker assistants to predictive maintenance, visual anomaly detection, asset management and more.
The collaboration is intended to utilize Aramco Digital's 450 MHz 5G industrial network to connect intelligent edge devices powered by solutions from Qualcomm Technologies—including smartphones, rugged industrial devices, robots, drones, cameras, sensors, and other IoT devices. Aramco Digital and Qualcomm Technologies also plan to develop the capabilities to deploy, manage, and update AI models on Aramco Digital's edge AI devices.
'Through this MoU with Qualcomm Technologies, Aramco Digital further demonstrates its intent to contribute to the digital transformation of Saudi Arabia's industrial sectors, in alignment with Vision 2030. By combining cutting-edge AI and 5G technologies, we not only aim to enable smarter solutions but also lay the foundation for a safer, more efficient, and sustainable future for industries across the Kingdom. This MoU highlights Aramco Digital's continued efforts to shape Saudi Arabia's digital landscape and reinforce its leadership in industrial innovation,' said Nabil A. Al Nuiam, chief executive officer, Aramco Digital.
'Our collaboration with Aramco Digital underscores our shared vision of accelerating innovation in advanced edge AI technologies and 5G. Combining our expertise in on-device AI, wireless connectivity and power-efficient computing with Aramco Digital's 5G 450 MHz industrial network and extensive experience in the energy industry will enable rapid development of advanced industrial IoT solutions to drive the next wave of digital transformation in the Kingdom of Saudi Arabia,' said Cristiano Amon, president and chief executive officer, Qualcomm Incorporated.
The two companies agreed on this strategic cooperation during the Saudi-US Investment Forum in Riyadh, taking place as part of the official visit of President of the United States Donald Trump to the Kingdom of Saudi Arabia.
About Qualcomm
Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Building on our 40 years of technology leadership in creating era-defining breakthroughs, we deliver a broad portfolio of solutions built with our leading-edge AI, high-performance, low-power computing, and unrivaled connectivity. Our Snapdragon® platforms power extraordinary consumer experiences, and our Qualcomm Dragonwing™ products empower businesses and industries to scale to new heights. Together with our ecosystem partners, we enable next-generation digital transformation to enrich lives, improve businesses, and advance societies. At Qualcomm, we are engineering human progress.
Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patents are licensed by Qualcomm Incorporated.
About Aramco Digital
Aramco Digital is the digital and technology subsidiary of Aramco, a global integrated energy and chemicals company. Aramco Digital aims to help drive digital transformation and technological innovation across various sectors.
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AED million Q2 2025 Q2 2024 % YoY Q1 2025 % QoQ H1 2025 H1 2024 % YoY Operating cash flow before changes in working capital 554.3 373.7 48.3% 532.4 4.1% 1,086.7 760.8 42.8% Changes in working capital (68.8) (37.0) 85.8% 94.3 -173.0% 25.5 (70.5) -136.1% Net cash flow from operating activities 485.0 336.6 44.1% 626.7 -22.6% 1,111.6 690.3 61.0% Net cash (used in) / generated from investing activities (247.0) 2.0 - (497.5) -50.3% (744.5) 172.3 -532.0% Net cash (used in) / generated from financing activities (898.9) (611.1) 47.1% (51.6) - (950.5) (676.5) 40.5% Free cash flow(1) 485.0 331.9 46.1% 626.7 -22.6% 1,111.6 684.4 62.4% Free cash flow margin(2) 62.5% 62.3% 0.2% 83.4% -20.9% 72.8% 62.5% 10.3% Free cash flow is net cash flows from operating activities less purchases of property and equipment and intangibles plus proceeds from the sale of property and equipment Free cash flow margin is free cash flow divided by revenue Becoming a global leader in smart and sustainable mobility solutions Core Tolling Business Implementation of variable pricing: As instructed by the RTA, based on the traffic studies and analysis, Salik introduced variable pricing on January 31, 2025. The variable pricing aims to enhance traffic flow across Dubai's road networks and improve transportation efficiency across the city. Q2 2025 represents the first full quarter of implementation of the new variable pricing system. Ancillary Revenue Streams – recap on key partnerships and initiatives Introduction of seamless parking operations at Dubai Mall: this milestone marked Salik's first barrier-free parking payment solution, in partnership with Emaar Malls, across the Fashion, Grand and Cinema parking zones of Dubai Mall, where operations commenced on July 1, 2024. Revenues from the partnership reached AED 5.6 million in H1 2025, with Q2 revenue reaching AED 2.9 million. Collaboration with Parkonic, one of the largest private parking operators in the UAE: the collaboration aims to enhance parking payment experiences across the UAE by integrating Salik's advanced e-Wallet system. 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EBITDA margin: guidance updated and is expected to be in the range of 68.5-69.5% compared to the previous range of 68-69% -Ends- About Salik Company PJSC The Company was established in its current form, as a public joint stock company in June 2022 pursuant to Law No. (12) of 2022. 'Salik', which means 'seamless mobility' in Arabic, is Dubai's exclusive toll gate operator and manages the Emirate of Dubai's automatic toll gates utilizing Radio-Frequency-Identification (RFID) and Automatic-Number-Plate-Recognition (ANPR) technologies. The Company currently operates exclusively all the toll gates located at strategic junctures, especially on Sheikh Zayed Road, which is considered the main road in Dubai. Salik listed on the Dubai Financial Market (DFM) on 29th September 2022. Under a 49-year concession agreement (ending in 2071), with the Roads and Transport Authority (RTA), Salik has the exclusive right to operate existing and any future toll gates in Dubai. Investor Relations Wassim El Hayek Head of Investor Relations Disclaimer No statement in this document is intended to be nor may be construed as a profit forecast. Any statements made in this document which could be classed as "forward-looking" are based upon various assumptions, including management's examination of historical operating trends, data contained in the Company's records, and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant risks, uncertainties, and contingencies. Forward-looking statements are not guarantees of future performance. Risks, uncertainties, and contingencies could cause the actual results of operations, financial condition, and liquidity of the Company to differ materially from those results expressed or implied in the document by such forward-looking statements. No representation or warranty is made that any of these forward-looking statements or forecasts will come to pass or that any forecast result will be achieved. No reliance should be placed on any forward-looking statement. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of this communication. Furthermore, no representation or warranty is made as to the accuracy, completeness, or reliability of the information contained in this document. The information, statements, and opinions provided herein do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to buy Salik Shares. In the event of any discrepancy or error in the numbers presented in this document, the information provided in the official financial statements shall prevail. We do not accept any liability for errors or omissions in the information contained herein.
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