CAIRO: The mobility sector in Saudi Arabia is poised to witness significant advancements as Emirati company AHOY Technology partners with iot squared, backed by the Public Investment Fund (PIF), to obtain software licensing and resale rights for its IT products.
The collaboration aims to introduce AHOY’s comprehensive suite of products and services, including technology infrastructure, software development kits, and programming interfaces, to the Kingdom. iot squared, a joint venture between PIF and etc Group, will spearhead the implementation of these offerings in Saudi Arabia.
In an interview with Arab News, AHOY CEO Jamil Shinawi expressed his enthusiasm for the partnership and highlighted the potential it holds in the region’s expanding mobility sector.
“Internet of Things (IoT) serves as the eyes, ears, and senses of our technology. With iot squared, we not only have a great purpose but also an amazing world-class team that is more than capable of creating wonders,” Shinawi stated.
Saudi Arabia’s mobility sector has been witnessing rapid growth, driven by the country’s commitment to digital transformation and the increasing adoption of advanced technologies. The collaboration between AHOY Technology and iot squared aligns with this vision, aiming to leverage their combined expertise to unlock new possibilities in the Kingdom’s mobility landscape.
By obtaining software licensing and resale rights, iot squared will gain access to AHOY’s cutting-edge IT products, enabling them to offer innovative solutions tailored to the specific needs of the Saudi market. This strategic partnership seeks to introduce advanced technology infrastructure and empower businesses to enhance their operations, improve efficiency, and drive growth within the mobility sector.
The Public Investment Fund’s involvement in iot squared adds further credibility and support to the partnership. As a prominent investment entity, the PIF’s backing demonstrates the potential value and impact of this collaboration on Saudi Arabia’s mobility industry.
Saudi Arabia’s commitment to digitalization and technological advancements has positioned the country as a hub for innovation and investment in the region. The collaboration between AHOY Technology and iot squared signifies the increasing interest of international companies in the Saudi market and their recognition of the immense opportunities within the Kingdom’s mobility sector.
As the world embraces IoT technologies, the partnership between AHOY Technology and iot squared aims to bring the benefits of connected devices, data analytics, and automation to Saudi Arabia’s mobility landscape. By harnessing the power of IoT, businesses and organizations can gain valuable insights, improve operational efficiency, and deliver enhanced services to customers.
The introduction of AHOY’s comprehensive suite of products and services will enable iot squared to play a pivotal role in the digital transformation of the Kingdom’s mobility sector. With a focus on technology infrastructure, software development kits, and programming interfaces, the collaboration seeks to create an ecosystem that fosters innovation and drives the adoption of advanced mobility solutions.
As the partnership unfolds, both companies are expected to combine their expertise and resources to develop groundbreaking solutions that address the unique challenges and requirements of the Saudi market. This collaborative effort holds the potential to revolutionize the mobility sector, improving connectivity, efficiency, and user experience across various industries.
The collaboration aims to introduce AHOY’s comprehensive suite of products and services, including technology infrastructure, software development kits, and programming interfaces, to the Kingdom. iot squared, a joint venture between PIF and etc Group, will spearhead the implementation of these offerings in Saudi Arabia.
The collaboration between AHOY Technology and iot squared marks a significant milestone in the development of Saudi Arabia’s mobility sector. By leveraging their collective strengths and expertise, the partnership aims to unlock new opportunities, drive innovation, and contribute to the Kingdom’s ongoing efforts towards digital transformation and technological leadership.
