Friday, October 27, 2023

UAE Company Targets Saudi Mobility Market Opportunities


Saudi Arabia’s mobility sector is set to benefit from a collaboration between Public Investment Fund-backed iot squared and UAE-based AHOY Technology. The partnership will give iot squared software licensing and resale rights to IT products offered by AHOY, including technology infrastructure, software development kits, and programming interfaces. AHOY CEO Jamil Shinawi expressed optimism about the partnership, describing iot squared as the “eyes, ears and senses” of AHOY in Saudi Arabia. AHOY provides developers with tools to build efficient, lean, and automated movement operations solutions through data, insights, and intelligence. The company aims to attract 100 new enterprise clients from Saudi Arabia in the coming years and become the region’s first decacorn with a valuation of $10 billion.

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