The Communications, Space, and Technology Commission (CST) contributed in attracting global technology investments to Saudi Arabia, which resulted in the announcement of a $100 million investment from the Chinese company "HONOR“. As it will contribute to boosting the communications market and divers modern technologies enhanced by artificial intelligence.
The Chinese pioneering company’s investment and involvement in the Saudi markets was announced on the main stage of LEAP24, which represents CST’s motivating and enabling efforts to attract major companies and position the Kingdom as a regional technology hub.
HONOR is an innovation model in the smart devices industry and is dedicated to developing technologies that enable people around the world via its research and development capabilities along with proactive future technologies.
Source: https://www.cst.gov.sa/en/mediacenter/pressreleases/Pages/2024030601.aspx