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Aramco Digital and Intel join forces to launch Saudi Arabia’s first ORAN development center
LEAP 2024 saw major investment deals totaling over $764 million announced by prominent Saudi and international companies, reaffirming Saudi Arabia’s position as a technology and innovation hub in the region.
During ongoing tech events in Riyadh, Advanced Communications & Electronic Systems (ACES), a Saudi-based innovative provider of managed ICT solutions and equipment, revealed its plans to invest $618 million in localized special GSM and smart towers . This investment is intended to support the company’s expansion efforts and promote the development and innovation of infrastructure equipment.
read more: LEAP 2024: Saudi Arabia cements leadership as tech hub with $888m deal
Aramco Digital, in partnership with Intel Corporation, announced the establishment of Saudi Arabia’s first Open Radio Access Network (ORAN) development center. This strategic initiative aims to promote innovation and technological advancement in Saudi Arabia.
In addition, Aramco Digital also announced a US$46 million investment in LTIMindtree, a global technology consulting and digital solutions company headquartered in India. The partnership aims to establish an information technology services center in Saudi Arabia.
Honor, a Chinese consumer electronics brand based in Saudi Arabia, has announced its regional expansion plans and invested US$100 million.
The multi-million dollar investments were announced on the third day of LEAP, the MENA region’s leading technology event. The event is organized by the Saudi Ministry of Communications and Information Technology, the Saudi Federation for Cyber Security, Programming and Drones, and Tahaluf and will take place in Riyadh from March 4 to 7.
Cyberani Solutions, a joint venture between Saudi Aramco and Raytheon Technologies, also revealed an agreement with Thales to strengthen regional industrial system cybersecurity and national cybersecurity.
Separately, Nokia plc, a global provider of mobile, fixed and cloud network solutions, announced the establishment of a regional logistics center in King Abdullah Economic City, located in Thuwar on the west coast of Saudi Arabia. In addition, Nokia will expand its repair centers to accommodate 5G technology solutions.
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