3rd ‘Future of Semiconductors Forum’ to boost digital economy

3rd ‘Future of Semiconductors Forum’ to boost digital economy
This year’s forum follows successful first and second editions, which have led to collaborative research and semiconductor manufacturing efforts.
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Updated 04 June 2024
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3rd ‘Future of Semiconductors Forum’ to boost digital economy

3rd ‘Future of Semiconductors Forum’ to boost digital economy

The third edition of the Future of Semiconductors Forum will be held in 2024 in Riyadh, hosted by King Abdulaziz City for Science and Technology in partnership with King Abdullah University of Science and Technology. The event, scheduled for June 5-6, at the Garage Innovation District in Riyadh, will promote the domestic production of electronic chips and boost the digital economy within Saudi Arabia.

This forum will gather esteemed policymakers, industrial pioneers, experts, and scholars in semiconductor technology. Notable participants include Shuji Nakamura, a Nobel laureate in physics known for his development of blue/green LEDs and violet laser diodes, alongside Kang Wang, who holds a professorship in electrical engineering and computer science and serves as co-director of the Center for Quantum Science and Engineering at UCLA and a professor of electrical engineering at Raytheon Company. Also in attendance will be Steven P. DenBaars from the University of California — Santa Barbara, renowned for holding more than 190 US patents and co-founding the Institute of Engineering Electricity and Electronics alongside four photonics and electronics companies.

Umesh Mishra, dean of the College of Engineering at UCSB, joins the list of participants, as do Ross Jatou, president of semiconductor at Alat Company; Dr. Naveed Sherwani, chairman of the board of directors and CEO of Rapid Silicon Company, co-designer of Intel microprocessor algorithms and Intel Award winner; and Professor Goutam Chattopadhyay, a research scientist at NASA’s Jet Propulsion Laboratory and the California Institute of Technology.

Dr. Munir Eldesouki, president of KACST, said the forum reflects the goals and priorities set by Crown Prince Mohammed bin Salman, the prime minister of Saudi Arabia, in the field of research, development, and innovation. It also plays a significant role in advancing the digital economy in the Kingdom. He added that the event is organized by KACST, which serves as a national laboratory and hub for innovation. Its purpose is to enhance the research, development, and innovation system, expedite technological advancements, and promote the localization of technologies.

Dr. Tony Chan, president of KAUST, praised the forum for its accomplishments in the first and second editions. He noted that the new edition offers promising opportunities to enhance the digital economy, advance research cooperation between various entities, and exchange knowledge about best practices in the electronic chip industry by bringing together the most prominent local and international entities under one roof.

The forum’s purpose is to raise awareness about the significance of localizing the electronic chip industry and its contribution to the growth of the digital economy in the Kingdom. It will also explore potential opportunities for localizing this crucial industry to make the Kingdom a key player in the electronic chip sector. Additionally, the forum seeks to promote research collaboration and sharing best practices in semiconductor development and manufacturing.

Over two days, the forum will delve into various subjects to outline the semiconductor industry’s future trajectory in the Kingdom by exploring the semiconductor value chain, from raw materials to finished microchips. 

Additionally, it will examine the application of this cutting-edge technology in areas like space exploration, quantum technologies, 6G communications, electric vehicles, and integrated sensors to enable smart cities.

The third edition of the forum will announce significant initiatives that bolster Saudi Arabia’s standing in the global semiconductor arena, drive transformation in the Middle East, cultivate talent in this vital sector, and address industry challenges to spur economic growth.

This year’s forum follows successful first and second editions, which have led to collaborative research, advancements, and semiconductor manufacturing efforts. This includes the launch of the Saudi Semiconductors Program, a pioneering regional initiative supporting research and development and qualifying cadres in the field of designing and localizing electronic chips. This program collaborates with 16 Saudi universities and has trained more than 400 researchers and students in microchip design and manufacturing.


At Leap 2025, Pakistan to showcase commitment to digitally empowered future

At Leap 2025, Pakistan to showcase commitment to digitally empowered future
Updated 08 February 2025
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At Leap 2025, Pakistan to showcase commitment to digitally empowered future

At Leap 2025, Pakistan to showcase commitment to digitally empowered future

Pakistan is making bold strides in the global tech landscape, emerging as a key player in artificial intelligence, digital finance, and startup innovation. As the nation prepares to take the spotlight at LEAP 2025 in Riyadh from Feb. 9-12, it presents a compelling narrative of digital transformation, investment potential, and technological excellence. This marks Pakistan’s biggest ever participation at an international event with over 100 companies and 1,000+ delegates on board, showcasing a booming IT industry, progressive policies, and a rapidly growing talent pool that is poised for unprecedented growth in the digital economy.

A digital nation on the rise

At the heart of Pakistan’s transformation is the Digital Nation Pakistan Act. This landmark policy is designed to bolster innovation, attract both foreign and domestic investment, and empower entrepreneurs. By strengthening digital infrastructure, enhancing cybersecurity, and nurturing a knowledge-driven economy, the DNP Act is positioning Pakistan as a premier destination for global tech players looking for new markets and opportunities. Working under the proactive guidance of the Ministry of IT and Telecom, alongside the broader Digital Pakistan Policy, these initiatives are cultivating an environment where technology fuels every aspect of economic and social development.

A strategic tech partnership

Saudi Arabia and Pakistan share a long-standing relationship that is now evolving into a powerful alliance in technology and innovation. Both nations are increasingly exploring avenues for collaboration in digital transformation and tech-driven projects. Early initiatives and discussions ranging from cybersecurity and smart infrastructure to startup investments, signal a growing commitment to shared growth. Moreover, Pakistan’s robust business ties with the Kingdom are underscored by the significant presence of Pakistani companies operating in Saudi Arabia, further strengthening economic bonds and opening up new markets for innovation.

A unified digital vision for LEAP

In line with LEAP’s focus on shaping the future of technology, Pakistan is presenting a unified digital vision that weaves together its advancements in AI, fintech, and digital solutions. A key component of this vision is the work undertaken by the National Center of Artificial Intelligence, a collaborative network of research labs across leading universities. The NCAI has already developed over 221 AI-driven solutions that are transforming sectors such as healthcare, media monitoring, and intelligent transportation. By integrating AI into its digital strategy, Pakistan strengthens its commitment to innovation and leadership in emerging tech.

A flourishing startup ecosystem

Pakistan’s startup landscape is experiencing remarkable growth. With over $800 million raised in venture capital funding in recent years, the nation’s entrepreneurial spirit is evident in its dynamic ecosystem. A youthful, tech-savvy population combined with forward-thinking policies and an investor-friendly climate has given rise to groundbreaking startups in fintech, edtech, AI, and e-commerce. At LEAP 2025 in Riyadh, Pakistan will not only showcase its vibrant startup ecosystem from its dedicated pavilion but is also expecting to generate approximately $15 million in business over the next year.

A vision for digital empowerment

Pakistan’s commitment to digital empowerment spans all sectors. Government initiatives, led by the Ministry of IT and Telecom, are driving the adoption of smart technologies in education, healthcare, and public services, ensuring that the benefits of digital innovation reach every corner of society. This strategic approach is designed to create an ecosystem where technology acts as a catalyst for inclusive growth, enhanced quality of life, and sustainable development. By nurturing local talent and fostering innovation hubs, Pakistan is building a resilient digital economy that is ready to meet the challenges of tomorrow.

Why Pakistan? 

Several factors make Pakistan an attractive hub for technology and innovation:

  • Strategic location: Positioned as a gateway to South Asia, the Middle East, and Central Asia, Pakistan offers access to diverse and emerging markets.
  • World-class talent: With over 600,000 IT professionals and more than 75,000 IT graduates entering the workforce annually, Pakistan boasts a robust talent pool ready to drive technological advancements.
  • Proactive policies: The government’s commitment to digital transformation is reflected in its investor-friendly regulations, special tech zones, and substantial incentives for startups and tech companies.
  • Expanding digital infrastructure: Rapidly growing broadband access, advanced research hubs, and cloud computing developments are laying the groundwork for a future-ready digital ecosystem.

A call to global innovators

Pakistan is not only transforming its own digital landscape but is also building bridges with key partners like Saudi Arabia to catalyze regional innovation. This strategic collaboration is opening up exciting opportunities for cross-border investments, joint research projects, and talent exchanges that promise to accelerate technological advancements on both sides.

At LEAP 2025 in Riyadh, Pakistan extends an open invitation to investors, innovators, and tech leaders to join in its extraordinary journey toward a digitally empowered future. With its robust ecosystem, forward-looking policies, and strong international partnerships, Pakistan is ready to shape the future of technology for generations to come.


Al Rajhi Bank move to digitally empower, finance SMEs

Al Rajhi Bank move to digitally empower, finance SMEs
Updated 06 February 2025
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Al Rajhi Bank move to digitally empower, finance SMEs

Al Rajhi Bank move to digitally empower, finance SMEs

Al Rajhi Bank, a pioneer in innovative banking solutions in Saudi Arabia, has announced a strategic partnership with RATL Technology, the owner of MUHIDE fintech platform, to digitally empower and finance SMEs within a secure, authenticated, and governed ecosystem.

MUHIDE platform was launched under the sponsorship of Sharakah, a program of Thiqah.

The platform stands as an innovative solution that provides robust operational governance tools to reduce potential commercial and financial disputes between buyers and sellers. 

MUHIDE platform contributes to ensuring the protection of sellers' payment rights and buyers' delivery rights, while enhancing the efficiency of trade transactions.

Additionally, the platform strengthens the credibility of the trade ecosystem in the Saudi market and creates a seamless and trustworthy business environment for SMEs.

Through this partnership, Al Rajhi Bank will extend to SMEs a blockchain-enabled solution that allows them to govern trade transactions within a risk-mitigated ecosystem and access payables and receivables financing solutions. 

Al Rajhi Bank will offer SMEs competitive financing rates due to the visibility and transparency provided by the MUHIDE platform, enabling SMEs to achieve cost savings, boost their cash flow, and enhance their risk mitigation strategies.

This integrated solution not only digitizes transactions but also provides SMEs with a unique opportunity to enhance their cash flow sustainably, secure their transactions, and build strong, trust-based relationships with their business partners.

Hossam Al-Basrawi, general manager of corporate banking at Al Rajhi, said: "We always strive to empower SMEs by innovating solutions that help in authenticating and governing trade financing within an integrated digital system."

Hashim Al-Hussaini, CEO of RATL Technology Ltd., said: “Trade financing for payables and receivables is fundamental for the growth of SMEs as it enhances cash flow and operational efficiency.

"We are proud to partner with Al Rajhi Bank to empower SMEs through a digitally robust trade ecosystem.

"Saudi Arabia is at the forefront of digital evolution in the region, and we are committed to contributing to the Kingdom’s Vision 2030 and its digital transformation journey, paving the way for attracting more local and foreign investments.”


SDB hosts training camp for productive families

SDB hosts training camp for productive families
Updated 05 February 2025
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SDB hosts training camp for productive families

SDB hosts training camp for productive families

The Social Development Bank has successfully concluded an initiative to empower productive families in the culinary sector. The “Almarai Chefs” camp was organized in partnership between SDB — represented by the Dulani Business Center — and Almarai, and ran for five months in Riyadh, supporting 43 participants through 12 expert speakers and 14 specialized consultants.

The program provided intensive training and knowledge-building sessions to equip participants with essential marketing and financial skills, enabling them to establish competitive projects in the Saudi market. It also included more than 215 specialized consultations, the development of brand identities for participating businesses, and educational field visits to explore best industrial practices and emerging trends in the culinary industry.

Sultan Al-Hamidi, CEO of SDB, said: “The Almarai Chefs camp exemplifies the effective partnership between the public and private sectors, forming a comprehensive ecosystem to build the capacities of productive families and enable them to develop and manage entrepreneurial ventures. This initiative aligns with SDB’s efforts to bridge the gap toward entrepreneurship by providing innovative financial solutions and comprehensive empowerment services, thereby enhancing the sustainability of projects and contributing to a dynamic and diversified economy.”

Al-Hamidi added: “SDB takes pride in having provided over SR2.8 billion ($746.5 million) in financing during 2024 to support more than 76,000 productive families and freelancers across the Kingdom. We also focus on delivering non-financial support, such as training and advisory services, to enhance the capabilities of productive families, enabling them to achieve financial independence and successfully enter the labor market.”

Abdullah Al-Badr, CEO of Almarai, said: “Our partnership with the Social Development Bank has yielded a tangible impact in empowering productive families. The Almarai Chefs camp was centered on fostering innovation in the culinary field, enabling small businesses to achieve growth and sustainability in line with market demands. Additionally, it provided necessary training and facilitated access to sales channels, exhibitions, and events, as well as digital applications, helping these projects expand their reach and create new job opportunities.”

SDB is considered a leading institution in empowering productive families and facilitating their transition into entrepreneurship, with the goal of supporting local communities, contributing effectively to the national economy, and achieving sustainable development.


ALJ Electronics boosts customer experience with WebEngage

ALJ Electronics boosts customer experience with WebEngage
Updated 05 February 2025
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ALJ Electronics boosts customer experience with WebEngage

ALJ Electronics boosts customer experience with WebEngage

Abdul Latif Jameel Electronics, an electronics and home appliances brand, has partnered with WebEngage, a customer data platform and marketing automation suite, to transform their customer engagement in Saudi Arabia’s electronics sector. The collaboration is focused on enhancing digital customer experience through data-driven personalization and seamless omnichannel integration.

By leveraging WebEngage’s AI-powered retention and engagement platform, ALJ Electronics will ensure exceptional customer experiences across all touchpoints — online and offline.

WebEngage’s comprehensive platform integrates customer data management, behavioral segmentation, and advanced engagement tools across channels like email, SMS, WhatsApp and website. This has enabled ALJ Electronics to deliver highly personalized interactions throughout the customer journey, from pre-purchase engagement to post-purchase support.

Haneen Othman Omer Bakkar, marketing manager at ALJ Electronics, said: “We’re all about making shopping at Abdul Latif Jameel Electronics feel effortless and personal, whether you’re online or visiting one of our stores. With WebEngage’s tools, we’re stepping up how we connect with our customers, making every interaction smoother and more meaningful. Customer experience is the make-or-break of every industry, and we’re glad to have WebEngage’s support.”

WebEngage’s platform will allow ALJ Electronics to optimize customer retention by re-engaging dormant customers, providing tailored marketing offers, and building stronger loyalty through improved post-purchase care. 

The partnership also reflects the growing importance of omnichannel strategies in retail as brands increasingly strive to meet the demands of a digitally savvy customer base.

Hetarth Patel, VP — growth markets (MEA, Americas and APAC) at WebEngage, said: “We are delighted to work with Abdul Latif Jameel Electronics, which has built such a strong legacy of quality and innovation in Saudi Arabia’s electronics retail. We now have the chance to pair that with WebEngage’s expertise in personalization and retention. The benchmarks of customer experience are rapidly evolving in Saudi Arabia, and we’re eager to explore this with Abdul Latif Jameel Electronics.”

With a proven track record of delivering remarkable outcomes in customer experience, retention, and ROI for more than 800 clients across industries like retail, education, finance, food and beverages, media, real estate, and health care, WebEngage brings its global expertise to this collaboration.


Dar wa Emaar’s ‘Saraya Al-Fursan 2’ achieves SR450m in sales within 3 months of launch

Dar wa Emaar’s ‘Saraya Al-Fursan 2’ achieves SR450m in sales within 3 months of launch
Updated 05 February 2025
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Dar wa Emaar’s ‘Saraya Al-Fursan 2’ achieves SR450m in sales within 3 months of launch

Dar wa Emaar’s ‘Saraya Al-Fursan 2’ achieves SR450m in sales within 3 months of launch

Dar wa Emaar Real Estate Investment and Development Company, a pioneer in the real estate development sector in Saudi Arabia, has achieved an impressive 50 percent sales milestone, totaling SR450 million ($120 million), for its Saraya Al-Fursan 2 residential development in Al-Fursan Suburb, Riyadh, just three months after its launch. Introduced during last year’s Cityscape Global, the second phase of the project has been realized through DwE’s ongoing partnership with the National Housing Company.

Saraya Al-Fursan 2 is a testament to the enduring success of its predecessor, reflecting the deep trust and confidence clients and the NHC place in Dar wa Emaar. This second phase not only continues the legacy of quality and excellence established by the first but also signals the strength of the ongoing partnership between DwE and NHC, which has been crucial in meeting the high expectations and demands of today’s Saudi real estate market.

Commenting on the project’s resounding early-stage success, Mansour Aljfaili, sales director at DwE, said: “DwE has had the privilege of serving the Kingdom and its people for nearly two decades, during which we have witnessed the flourishing of the real estate industry and the emergence of a mature, discerning, and optimistic market. Homeownership is one of the most significant investments an individual or family can make, and Saraya Al-Fursan 2’s strong sales figures demonstrate that DwE has once again earned the trust and confidence of the public. These impressive results have also surpassed our target for the first year since the launch, reflecting the exceptional demand and confidence in our projects. We look forward to seeing Saraya Al-Fursan, and the Al-Fursan Suburb community, continue to evolve and thrive in the years to come.”

Saraya Al-Fursan 2 represents the latest milestone in DwE’s commitment to honoring Saudi Arabia’s rich heritage while addressing the current and future primary property ownership aspirations of its people. Strategically located just 10 km from King Khalid International Airport and 30 km from Riyadh Boulevard and the King Abdullah Financial District, Saraya Al-Fursan 2 offers unparalleled connectivity while enhancing quality of life with homes tailored to suit the evolving needs of today’s Saudi citizens and residents. 

This vibrant, community-focused lifestyle development offers 718 housing units across four thoughtfully designed villa models: two five-bedroom family villas and two four-bedroom villas. 

Each model blends modern and vernacular architectural motifs, with their exterior facades characterized by bold, cubic designs accented by mashrabiya screens and warm earthen tones. The interiors combine open, contemporary layouts with traditional majlis and dewaniyah spaces. Saraya Al-Fursan 2 emphasizes sustainable design with features like energy-saving LED lighting, natural marble and porcelain flooring, and high-quality construction materials ensuring durability and environmental consciousness.

Saraya Al Fursan is a key project within Al-Fursan Suburb, designed to increase the supply of quality housing in this ambitious city development. Spanning 461,683 square meters, it dedicates 41 percent of its space to residential villas, 32 percent to gardens and landscapes, and 27 percent to commercial spaces, roads, and public facilities.