iot squared — a joint venture between stc Group and Saudi Arabia’s Public Investment Fund — accomplished the successful creation of an IoT model system in the Middle East. This year, the company played a significant role in supporting a variety of public sectors, companies and SMEs in their quest to embrace the finest smart solutions available in the industrial sectors, transportation and logistics services, and smart cities on a more extensive scale than ever before. Othman Al-Dahash, CEO of iot squared, said that the Internet of Things market is rapidly expanding due to notable changes in the public sector, logistics services and the Industry 4.0 Revolution. The projection indicates that the market will reach SR10.8 billion ($2.88 billion) by 2025, and iot squared is well equipped to provide suitable solutions to meet this demand. This growth is supported by the wise leadership’s plan to achieve economic diversity as part of the Kingdom’s Vision 2030, and iot squared is strategically positioned to keep pace. “iot squared keeps pace with the Kingdom’s great aspirations to lead the Middle East in the digital transformation. It also contributes to raising the bar of ambitions to make the knowledge-based economy a tangible reality. […]