KAUST and the International Venture Club are seeking tech companies in the Middle East and Europe for investment and expansion opportunities in Saudi Arabia. The Arabian Tech Tour, held in Jeddah and Riyadh in November 2015, will showcase 25 emerging companies from the region and 25 growth companies from Europe. Selected companies will present to VCs, corporations, and business angels. Why it matters: This initiative aligns with Saudi Arabia's National Science, Technology and Innovation Plan to create a knowledge-based economy and foster innovation, particularly in cleantech.
KAUST hosted the 2015 Arabian Tech Tour, a regional version of an international event for venture capitalists, entrepreneurs, and industry leaders. The event featured 50 early-stage companies from 15 countries pitching to over 100 representatives from global investment and venture capital firms. Total assets under management of attending investors were estimated at around $10 billion. Why it matters: This event highlights KAUST's role in fostering innovation, attracting knowledge-based industries to Saudi Arabia, and creating high-value jobs in the Kingdom.
Microsoft recently hosted its AI Tour event in Oman, showcasing various artificial intelligence innovations and technologies. The event highlighted how these advanced solutions could contribute to Oman's digital transformation goals and benefit its diverse industries. It aimed to foster discussions on leveraging AI for enhanced productivity and economic growth within the Sultanate. Why it matters: This event demonstrates Microsoft's strategic focus on expanding AI adoption and development within the Omani market and the broader Middle East region.
Microsoft recently held an AI tour in Oman, showcasing its latest artificial intelligence innovations to local businesses and stakeholders. The event aimed to highlight advanced AI capabilities and how they can be applied across various sectors. This initiative sought to foster greater understanding and adoption of AI technologies within the Omani market. Why it matters: Such events are crucial for promoting digital transformation and building AI literacy in the region, encouraging local businesses to explore and integrate advanced technological solutions.