Chinese technology firm Huawei plans to establish a flagship store in Riyadh, the largest such store outside China, the Saudi government said on Friday.
For all the latest headlines follow our Google News channel online or via the app
Huawei has signed a leasing contract with Saudi Arabia’s Kaden Investment for the store that will allow the Chinese company to have direct access to consumers amid rising demand for digital products and services in the kingdom, the statement said, without giving a date for the opening.
Read more: Saudi Arabia ranks 4th globally in 5G technology, 10th in internet speed
Saudi Arabia expects internet usage in the kingdom to increase from covering 82.6 percent of the population in 2022 from 73.2 percent in 2017, the Ministry of Investment statement said.
Last year, the Saudi Authority for Data and Artificial Intelligence and Huawei also signed an MOU to recognize Arabic language and character using AI technology and with the help of researchers from the kingdom and Huawei.
Some telecommunication companies in the Gulf countries, including Zain’s Saudi unit Zain KSA, have signed deals to use 5G technology from Huawei.
Saudi Arabia ranks 4th globally in 5G technology, 10th in internet speedSaudi Arabia is now ranked fourth globally in terms of 5G technology and tenth in terms of internet speed, according to the Kingdom’s Ministry of ... Technology
Aramco, Saudi Information Technology Company to form venture in tech sectorSaudi Aramco and the Saudi Information Technology Company signed an agreement to set up a joint venture firm that will develop a platform to invest in ... Technology
SAMA launches Fintech Saudi initiative to enable financial technology sectorIn its Riyadh headquarters, the Saudi Arabian Monetary Agency SAMA launched the Fintech Saudi initiative in order to uphold the financial technology ... Economy