Page 10 - SAMENA Trends - July-August 2023

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

in Smart Buildings & Facilities, Smart
Cities, and Industrial IoT. It is active across
the IoT stack, with core capabilities in IoT
platforms and Applications, and additional
capabilities in IoT sensors, IoT Network,
and Services. Othman Al Dahash, CEO of iot
squared, said: “We are pleased to announce
signing a binding agreement to acquire
100% of Machinestalk, which steers to an
exciting new chapter in our growth story. As
we continue to strengthen our position as
the national IoT champion, in line with our
BOLD strategy, we are eager to play a pivotal
role in supporting Saudi Arabia’s ambitions
to lead the region’s digital transformation
and adoption of emerging technologies.
Furthermore, by fully realizing the potential
of IoT and unlocking the value of connected
things, we are committed to enabling
a ‘connected Kingdom’ and turning the
knowledge-based economy from a concept
into reality.” The acquisition will augment
iot squared’s capabilities across the IoT
value chain. Machinestalk’s applications
complement iot squared’s three key
verticals: smart cities, Industry 4.0, and
smart mobility and logistics, through which
the Company supports governments,
enterprises, and SMEs across the MENA
region to advance the adoption of smart
solutions and IoT technologies, positioning
stc Group and Saudi Arabia as a regional
hub for IoT in MENA. Furthermore, the
acquisition will unlock value for iot
squared through Machinestalk’s strong
field services capabilities, technology, and
delivery teams, Proprietary IoT platforms,
internal development capabilities, local
and international partner and customer
relationships, inc. large government
entities and a wide range of product
offerings. With these capabilities and
comprehensive solutions, iot squared will
be the local IoT leader in KSA covering a
wide range of focus use cases aligned with
its commitment to accelerate the adoption public and private sectors to unlock value. approvals from the relevant authorities
of IoT in the region whilst enabling the The transaction is subject to regulatory and fulfilling transaction conditions.

stc Achieves 10Gbps Speed in 5G mmWave Technology Trials

Saudi Telecom Company (stc) has North Africa region, exceeding speeds the region and places the Kingdom of
announced the successful completion of 10Gbps in the experiments. stc says Saudi Arabia at the forefront of advanced
of 5G Millimeter Wave (mmWave) this achievement ‘signifies a new stage nations in the field of telecommunications.’
technology trials in the Middle East and in facilitating digital transformation in

10 JULY-AUGUST 2023