Saudi Arabia, a nation traditionally known for its vast oil reserves, is rapidly emerging as a global technology powerhouse. Underpinned by the ambitious Saudi Vision 2030 initiative, the Kingdom is undergoing a sweeping digital transformation. It aims to diversify its economy and position itself as a leader in innovation and tech-driven industries. This ambitious endeavour has attracted many regional and international companies, all eager to participate in Saudi Arabia’s technological growth. The change, however, has been in the works for some time now. The Public Investment Fund (PIF), has been investing in the tech space since 2015. The PIF has been touted as the highest-spending state-owned investor in the first half of 2024. According to a Global SWF report, the PIF has pumped a whopping $10.2 billion from January to June 2024. The sovereign wealth fund has been a major investor globally and was reportedly the top spender in 2023, deploying $31.6 billion in the year. From cloud infrastructure and AI-powered services to the construction of futuristic smart cities, the Kingdom is making bold strides to ensure its future is rooted in technology. Saudi Arabia’s journey to becoming a global tech hub is more than a strategy; it’s a […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
