Ericsson, Mobily MoU to explore intent-driven autonomous network through AI, official says 

Ericsson, Mobily MoU to explore intent-driven autonomous network through AI, official says 
Patrick Johansson, senior vice president and head of Market Area in Middle East and Africa at Ericsson, speaking to Arab News. AN
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Updated 11 February 2025
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Ericsson, Mobily MoU to explore intent-driven autonomous network through AI, official says 

Ericsson, Mobily MoU to explore intent-driven autonomous network through AI, official says 

RIYADH: Saudi telecommunication firm Mobily and Swedish company Ericsson have signed an agreement to explore an intent-driven autonomous network that enhances speed, scalability, and capacity, an official said. 

Speaking to Arab News on the sidelines of the LEAP Tech Conference in Riyadh, Patrick Johansson, senior vice president and head of Market Area in Middle East and Africa at Ericsson, said that the memorandum of understanding will also explore the possibilities of bringing artificial intelligence into the telecommunications industry, which could elevate the performance of network providers. 

The agreement comes amid the continued expansion of the Kingdom’s growing telecom and information and communication technology infrastructure sector, reaching a value of $3.5 billion in 2023.

According to analysis firm Research and Markets, the sector is expected to grow at a compound annual growth rate of 7.1 percent through 2029, driven by initiatives under the Kingdom’s Vision 2030. 

“We signed an MoU with Mobily for an intent-driven network, which is very exciting because this is really bringing AI into our industry and how we make network performance even better. And as we go along through the days, we will continue to sign new agreements with direct customers and other partners as well,” Johansson told Arab News. 

He added: “This intent-driven network is very much about using the information that you have in the network to enhance performance even further, and then using AI to make sure that this is an automated functionality within the network. Basically, you can say things that you used to do by hand or by individuals are now done automatically in the system.” 

The MoU also aims to drive operational efficiency enhancements, boost service quality, and elevate user experiences among customers in Saudi Arabia. 

In a separate press statement, Hakan Cervell, vice president and head of Ericsson in the Kingdom, said that an autonomous network can change requirements dynamically without human involvement. 

“As we move toward intelligent society and industry, artificial intelligence will be integrated into almost everything — learning, adapting, and intelligently automating. We are glad to sign the MoU with Mobily to explore the potential of autonomy on their network to achieve unparalleled efficiency in service delivery and operations,” said Cervell. 

Regarding Ericsson’s presence in Saudi Arabia, the official said that the Kingdom is a fantastic market and that the company has been operating in the nation since 1978. 

He also added that the company is working with telecommunications firms like stc, Mobily, and Zain KSA to enhance customer experience.

It is also collaborating with the King Abdullah University of Science and Technology to explore the possibilities of a 6G rollout in the Kingdom in the coming years. 

“We have a very long experience and collaboration within the Kingdom. We have been here through 1G, 2G, 3G, 4G and 5G. And now, we’re looking to the future, getting into 5G standalone, 5G advanced and bringing new services,” said Johansson. 

He added: “This is the place where we have the biggest amount of spectrum available, which means that we can provide superior service together with our customers stc, Mobily, and Zain in the market. Now, we’re embarking into new opportunities as well with 6G, not around the corner, but in a couple of years. We’re working with KAUST to have research on that topic.”

During the interview, Johansson said that the establishment of Ericsson’s regional headquarters in Riyadh is helping the company serve its customers in the broader Middle East and North Africa region. 

The communication technology firm announced in January that the Kingdom will be served under a newly established Customer Unit. 

This move was part of Ericsson’s strategic ambition to simplify its organizational setup, enhance customer responsiveness, and strengthen local market accountability.

Regarding the localization of jobs, Johansson said that 60 percent of the employees in the company are Saudi nationals. 

He added that Ericsson has also been engaged in providing graduate programs for Saudi nationals over the past few years, out of which more than 50 percent of the students enrolled are females. 

Talking about the rollout of 6G, Johansson said that it is an “evolution rather than a revolution” happening in the telecommunications sector. 

“We’ve had a number of revolutions; going from fixed to mobile, but now 6G will build on 5G. So it is creating greater speeds, even lower latency, and maybe, one of the more important from a consumer point of view, it is about energy efficiency that is good for sustainability, but it’s also for battery life,” said Johansson. 

He added: “So it is basically about enhancing everything that we had in 5G and making it better. There are a few use cases that are being discussed. And again, this is why the collaboration between companies and academia is so important.” 

Affirming Ericsson’s commitment toward sustainability, Johansson said that it is crucial to properly eliminate electronic waste.

“It is about providing the latest and greatest of technology, but we need to be kind to Mother Nature as well. With one of our partners in the Kingdom, Mobily, we have already brought back more than 400 metric tonnes of equipment and made sure that it’s disposed of. So, it is creating this overall circular economy and how we work together,” he added. 

According to the Ericsson official, the use of AI is poised to revolutionize the telecommunications sector by enabling faster processing of large amounts of data.

“AI is really bringing further efficiency into our market. We have a lot of data. We used to do tweaking by hand. We added further software functionality. But with AI, we can combine so much more data, making it intent-based. We talked about the Mobily case of how we can actually make this much faster using AI technology,” said Johansson. 


Closing Bell: Saudi main index edges down to close at 12,424

Closing Bell: Saudi main index edges down to close at 12,424
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Closing Bell: Saudi main index edges down to close at 12,424

Closing Bell: Saudi main index edges down to close at 12,424

RIYADH: Saudi Arabia’s Tadawul All Share Index ended Tuesday’s trading in red, as it shed 47.40 points or 0.38 percent to close at 12,424.32. 

The total trading turnover of the benchmark index was SR6.36 billion ($1.70 billion), with 69 stocks advancing and 155 retracting. 

Nomu, Saudi Arabia’s parallel market, gained 143.56 points to close at 31,570.32 while the MSCI Tadawul Index edged down by 0.46 percent to 1,543.86. 

The best-performing stock on the main market was Raoom Trading Co. The firm’s share price soared by 5.59 percent to SR189.

The share price of Fawaz Abdulaziz Alhokair Co. increased by 5.38 percent to SR15.68. 

Zamil Industrial Investment Co. also saw its stock price climbing by 4.91 percent to SR36.35. 

Conversely, Tihama Advertising and Public Relations Co.’s share price declined by 3.4 percent to SR16.50. 

On the parallel market, Mohammed Hadi Al Rasheed and Partners Co. was the top gainer, with its share price increasing by 6.98 percent to SR138.

On the announcements front, Saudi Electricity Co. said that it commenced issuing a dollar-denominated, senior secured sukuk on Feb.11 with the offering set to run until Feb.12. 

SEC, in a statement to Tadawul, said that the sukuk has a minimum subscription level of $200,000, while the final issuance size will be determined based on market conditions. 

The company added that the offering is being conducted through a special-purpose vehicle and is available to qualified investors within the Kingdom and abroad. 

SEC’s share price dropped by 0.46 percent to SR17.22. 

Hedab Alkhaleej Trading Co. has set the price range for its initial public offering on Nomu at SR48 to SR52 per share, the firm’s financial adviser and lead manager Yaqeen Capital said. 

According to a Tadawul statement, the offering comprised of 800,000 ordinary shares representing 10.67 percent of the issued share capital of the company after the IPO. 

The book-building period for qualified investors will run on Feb. 16-20.


PIF forum in Riyadh to drive private sector growth with new partnerships, investments

PIF forum in Riyadh to drive private sector growth with new partnerships, investments
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PIF forum in Riyadh to drive private sector growth with new partnerships, investments

PIF forum in Riyadh to drive private sector growth with new partnerships, investments
  • Event to catalyze strategic alliances and expand economic opportunities in key industries

RIYADH: Saudi Arabia’s Public Investment Fund is set to unveil new private sector partnerships and investment initiatives at its annual Private Sector Forum, scheduled for Feb. 12-13 in Riyadh.  

The event, which will bring together more than 90 PIF-backed companies, seeks to strengthen supply chains, boost local manufacturing, and accelerate economic diversification under Vision 2030. 

Now in its third year, the forum will spotlight business opportunities with the sovereign wealth fund and its portfolio companies, identify potential prospects for investors and suppliers, and expand avenues for collaboration. It will also serve as a bridge between PIF, its portfolio companies, and the private sector, reinforcing localization efforts. 

The event aligns with Saudi Arabia’s push to boost private sector participation in its economic diversification efforts, with the wealth fund playing a key role in this transformation. 

Established in 1971, the fund manages assets estimated at $930 billion and is central to Saudi Arabia’s strategy to reduce reliance on oil, with investments spanning technology, tourism, and infrastructure both locally and globally. 

The forum provides a platform for engagement, emphasizing partnership opportunities between PIF, its portfolio companies, and the local private sector.  

It also offers networking opportunities and direct access to supplier registration with portfolio firms. Additionally, participants can learn about PIF programs designed to support the private sector. 

FASTFACTS

Established in 1971, the fund manages assets estimated at $930 billion and is central to Saudi Arabia’s strategy to reduce reliance on oil, with investments spanning technology, tourism, and infrastructure both locally and globally. 

The event, which will bring together more than 90 PIF-backed companies, seeks to strengthen supply chains, boost local manufacturing, and accelerate economic diversification under Vision 2030. 

The forum is expected to draw over 12,000 visitors, including more than 1,000 C-level executives from the public and private sectors. It will feature over 120 speakers, 15 panel discussions, and 25 workshops. 

It will feature specialized workshops led by experts from PIF and its portfolio companies, providing insights into investments and supply chain opportunities.

Over 100 MoUs are expected to be signed, with 80 ministers and government officials in attendance. The forum will also include five side events and special corners.

Workshops and insights 

The event will feature specialized workshops led by experts from PIF and its portfolio companies, providing insights into investments and supply chain opportunities. These sessions will highlight expected demand for key products and services, equipping businesses with the knowledge to make informed decisions. 

The event is expected to draw over 12,000 visitors, including more than 1,000 C-level executives from the public and private sectors. It will feature over 120 speakers, 15 panel discussions, and 25 workshops. 

Some of the key speakers include Saudi Minister of Municipalities Majed Al-Hogail, Minister of Transport and Logistics Saleh Al-Jasser, Investment Minister Khalid Al-Falih and Minister of Economy and Planning Faisal Al-Ibrahim. 

Ceer CEO James DeLuca, Riyadh Air CEO Tony Douglas and Ma’aden CEO Robert Wilt are also scheduled to speak at the event. Other notable participants include Jerry Todd, head of the national development division at PIF; Ranjith Powell, head of ports and transport infrastructure at PIF; and Abdullah Al-Hussaini, head of strategy and engagement at PIF.

Attendees can engage with more than 100 portfolio company booths, 10 government entity booths, and participate in 10 business matching sessions. 

Additionally, over 100 memorandums of understanding are expected to be signed, with 80 ministers and government officials in attendance. The forum will also include five side events and special corners.

Panel discussions will bring together thought leaders from government entities, PIF, and its portfolio companies, discussing the private sector’s vital role in Saudi Arabia’s development, successful collaborations with the wealth fund, and opportunities in emerging sectors and giga-projects. 

The forum will also feature key announcements from PIF, reinforcing its commitment to private sector collaboration to drive economic growth. 

The event will feature four main tracks, covering investment and collaboration opportunities, as well as manufacturing and localization through panels and matchmaking sessions connecting private sector representatives with PIF portfolio companies. It will also include workshops on financing tools and capital market opportunities, along with sessions highlighting key programs and initiatives available to private sector firms. 

Day 1 highlights 

The forum will open with a keynote ceremony, followed by panels on government support for the private sector, supply chain localization, and biotech growth. Presentations will spotlight industry leaders such as ALAT, Ceer, Ma’aden, NUPCO, and Cruise Saudi. 

Key sessions include the MUSAHAMA Awards and a fireside chat on Riyadh Air’s vision for aviation. Workshops at the PSF Pavilion – Lab 1 will cover localization, finance, and infrastructure, while Palmgrove – Lab 2 will host panels on Saudi Arabia’s automotive, transport, and logistics sectors. 

Day 2 highlights 

The second day will feature panels on real estate market enablers, covering strategy, regulation, licensing, deal structures, funding, and partnerships. Presentations will highlight key projects, including Jeddah Central Development, NEOM, New Murabba, ROSHN, and King Abdullah Economic City. 

Fireside chats will explore Red Sea Global’s luxury tourism push, Diriyah Co.’s historical significance, and Rua Al Madinah’s vision for enhancing visitor experiences. 

Workshops at PSF Pavilion – Lab 1 will focus on contractor programs, AI’s role in Saudi Arabia, and the innovation ecosystem. Palmgrove – Lab 2 will cover manufacturing acceleration, sports investment, and Saudi investment opportunities. The MUSAHAMA Design Competition Awards will also take place. 

PIF’s Private Sector Forum is emerging as one of the most significant business events in Saudi Arabia, not only as a networking platform but also as a driver of tangible economic outcomes. 

The 2024 event saw strong private sector participation, with agreements signed across industries, including construction and financial services. The forum attracted over 9,000 attendees and showcased more than 10 investment and supply opportunities.

This year’s forum is expected to build on that momentum, with a strong emphasis on investment facilitation and supply chain resilience. 

The forum will conclude with a series of closing remarks from PIF executives, summarizing key takeaways, new business agreements, and upcoming initiatives aimed at further integrating the private sector into Saudi Arabia’s economic growth plans. 


LEAP 2025 sees flurry of infrastructure announcements

LEAP 2025 sees flurry of infrastructure announcements
Updated 11 February 2025
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LEAP 2025 sees flurry of infrastructure announcements

LEAP 2025 sees flurry of infrastructure announcements

RIYADH: Saudi Arabia’s premier technology event, LEAP 2025, has showcased major investment announcements and strategic collaborations, further cementing the Kingdom’s position as a regional hub for digital transformation.

From large-scale infrastructure projects to artificial intelligence-driven innovations, companies have unveiled commitments that align with the nation’s Vision 2030’s push for technological advancement. 

Redington Commits $533.3m to Saudi expansion 

Redington, a global technology aggregator, announced an SR2 billion ($533.3 million) investment over the next decade to strengthen its presence in Saudi Arabia. 

The funds, sourced from internal accruals, will be used to establish a new headquarters, a smart distribution center, and talent development initiatives. 

The firm, which has operated in the Kingdom for 24 years, delivered $1.5 billion worth of technology in 2024 alone. 

Viswanath Pallasena, the company’s CEO for the Middle East and Africa, said: “We are wholeheartedly committed to Saudi Vision 2030, where technology is a key component to all its three pillars — a vibrant society, a thriving economy, and an ambitious nation. We’re truly dedicated to playing an active role in bringing its transformative goals to life.” 

PIF’s SEVEN and TAWAL to develop digital infrastructure for entertainment destinations 

The partnership was signed by Abdulrahman Al-Ali, chief information technology officer at SEVEN, and Mohammed Al-Haqbani, CEO of TAWAL. SEVEN

Saudi Entertainment Ventures, also known as SEVEN, a subsidiary of Qiddiya Investment Co. backed by the Public Investment Fund, signed a strategic agreement with TAWAL, a Saudi telecommunications infrastructure firm, to establish neutral digital infrastructure across its 21 entertainment destinations. 

The partnership includes the development of internal and external telecom infrastructure featuring indoor coverage systems, multi-band antenna distribution, and neutral communication towers. 

The goal is to enhance 4G and 5G connectivity, support Internet-of-Things applications, and enable advanced digital services for visitors. 

“This partnership marks a significant step in advancing the digital infrastructure of our entertainment destinations, enabling exceptional and seamless experiences for our visitors,” said Abdulrahman Al-Ali, chief information officer at SEVEN. 

Qualcomm and Aramco Digital unveil AI-enabled industrial 5G smartphones 

Qualcomm Technologies and Aramco Digital announced a collaboration to develop the world’s first AI-enabled industrial 5G smartphones with native support for the 450-megahertz spectrum. 

The 450MHz spectrum is a low-frequency band known for its long-range coverage and strong signal penetration, making it ideal for industrial and rural connectivity. It supports IoT, machine-to-machine communication, and private 5G networks, particularly in energy, utilities, and remote operations. 

These devices, powered by Qualcomm’s QCM8550 and QCM6490 processors, will be designed for industrial applications, providing advanced connectivity and data transfer capabilities. 

“At Aramco Digital, we are committed to pushing the boundaries of technological innovation,” said Eid Al-Harbi, connectivity president at Aramco Digital. “By utilizing cutting-edge 5G and AI technologies, we are enabling smarter, more sustainable industry that aligns with the Kingdom’s Vision 2030 and beyond.” 

IBM and Lenovo expand AI collaboration in Saudi Arabia 

Ayman Al-Rashed, regional vice president, IBM Saudi Arabia and Giovanni Di Filippo, president of EMEA, Lenovo, at LEAP 2025. IBM

IBM and Lenovo announced an expansion of their technology partnership to accelerate generative AI adoption in the Kingdom. 

The collaboration will integrate IBM’s watsonx AI portfolio, including the Saudi Data and Artificial Intelligence Authority’s open-source Arabic Large Language Model, with Lenovo’s infrastructure. 

The initiative is expected to help Saudi businesses and government agencies enhance AI-driven decision-making in areas such as fraud detection, public safety, and IT operations. 

Giovanni Di Filippo, president of EMEA Infrastructure Solutions Group at Lenovo, emphasized the significance of the partnership, and said: “We’re pleased to deepen our partnership to bring IBM’s fit-for-purpose generative AI offerings together with Lenovo’s infrastructure solutions to provide customers in Saudi Arabia with solutions designed to meet their unique needs.” 

EDGNEX to deploy 500MW of data center capacity by 2030 

EDGNEX, the digital infrastructure arm of DAMAC Group, revealed plans to roll out 500 megawatts of data center capacity across the Kingdom by 2030, targeting AI and cloud computing demands. 

With existing operations in Riyadh and Dammam, EDGNEX aims to expand its Saudi footprint while engaging local vendors and creating high-value technology and engineering jobs. 

The company’s broader portfolio spans 10 countries, with a projected capacity exceeding 1000MW. 


Saudia adds 11 new global destinations

Saudia adds 11 new global destinations
Updated 11 February 2025
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Saudia adds 11 new global destinations

Saudia adds 11 new global destinations

JEDDAH: Saudia airline is adding 11 new destinations to its network this year — including Vienna, Bali, and El-Alamein — as part of its global expansion strategy, the company announced. 

The new routes also include Venice in Italy, Larnaca in Cyprus, and the Greek destinations of  Athens and Heraklion.

Nice in France and Malaga in Spain have also been added to the list.

The expansion follows a 16 percent rise in international passenger numbers last year, with the newly added destinations offering travelers more options across Europe, the Middle East, and Asia, further strengthening Saudia’s position in the aviation industry. 

The move aligns with Saudi Arabia’s National Tourism Strategy, which aims to attract 150 million tourists by 2030, create 1.6 million jobs, and boost tourism’s contribution to gross domestic product. 

Ibrahim Al-Omar, director general of Saudia Group, said: “Following last year’s operational success, we've implemented a strategic plan for 2025 to ensure continued excellence and meet rising international travel demand.”  

He added: “Our destination selection is based on comprehensive feasibility studies and guest preferences. We are committed to providing our international guests with exceptional travel experiences that combine comfort, efficiency, and authentic Saudi hospitality.” 

Also joining the network are Antalya in Turkiye, Salalah in Oman, and Bali in Indonesia, expanding Saudia’s reach to over 100 destinations across four continents. 

By growing its global network, Saudia is supporting the Air Connectivity Program, which has introduced over 60 new direct routes since its launch in 2021. 

This development strengthens the Kingdom’s position as a key travel hub under Vision 2030 and aligns with Saudi Arabia’s aviation strategy, which includes multi-billion-dollar investments to diversify the economy and support the private sector. 

Saudia said the expansion is supported by its fleet of 147 Boeing and Airbus aircraft, with plans to receive 118 new aircraft in the coming years to further enhance operational capacity. 

With more than 530 daily flights, Saudia’s ongoing international development plan aims to increase its global market share and strengthen connectivity between the Kingdom and the world. 


Egypt’s inflation eases slightly in January, driven by lower vegetable prices

Egypt’s inflation eases slightly in January, driven by lower vegetable prices
Updated 11 February 2025
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Egypt’s inflation eases slightly in January, driven by lower vegetable prices

Egypt’s inflation eases slightly in January, driven by lower vegetable prices

RIYADH: Egypt’s headline consumer price index recorded 243.5 points in January, reflecting an annual inflation rate of 23.2 percent, down slightly from 23.4 percent in December, according to official data.

Figures from the nation’s Central Agency for Public Mobilization and Statistics show that Egypt’s inflation slowdown was primarily driven by a 2.6 percent decline in vegetable prices from December to January, alongside a 0.3 percent decrease in fish and seafood prices.

Meanwhile, costs remained stable across key sectors such as education, health services, and telecommunications.

However, according to the report, some essential commodities saw notable price hikes. Bread and cereal prices rose 1.3 percent, while meat and poultry prices surged 5.0 percent.

Dairy, cheese, and eggs recorded a modest increase of 0.3 percent, and oils and fats edged up by 0.7 percent. 

The sharpest price spike was in fruits, which jumped by 9.8 percent. These price increases were key contributors to the 1.6 percent monthly inflation in January, compared to a flat reading in December.

Other sectors also experienced price increases. Personal care products rose by 1.5 percent, hospital services by 1.4 percent and furnishings and household appliances by 0.6 percent, as well as electricity, gas, and fuel by 0.1 percent, and hotel services by 3.3 percent.

Compared to January, several categories recorded substantial annual increases, the report showed.

Food and beverages rose by 20.2 percent, tobacco and alcoholic drinks by 29.5 percent, housing, utilities, and fuel by 18.7 percent, healthcare services by 40.5 percent, and transport by 33.6 percent, while education costs remained unchanged.

The steepest annual jumps were seen in postal services, which were up 94.3 percent, cultural and recreational services by 48 percent, and transport services by 39 percent.

Despite a slight moderation in annual inflation, elevated food and transport costs remain a key challenge for Egyptian households and businesses.

The rising prices of essential goods, including staples such as wheat and cooking oil, continue to strain consumer purchasing power.

Analysts expect inflationary pressures to persist in the near term, driven by a combination of currency fluctuations, global commodity price trends, and domestic supply chain constraints.

The Egyptian pound has witnessed notable depreciation, contributing to the higher cost of imports, particularly for food and energy.

In response, the Egyptian government has introduced measures such as subsidies and price controls on essential goods to contain inflation and support vulnerable segments of the population.

Efforts include increasing government-backed distribution of basic commodities and negotiating import deals to secure food supplies at stable prices.

However, structural economic reforms, including subsidy cuts and fiscal consolidation efforts under Egypt’s broader economic program, may counterbalance these interventions.

With ongoing economic reforms and external pressures, inflation trends will remain a closely monitored factor in Egypt’s economic trajectory.

Policymakers are likely to adjust monetary and fiscal measures as needed to balance growth with price stability, particularly as the country navigates global economic uncertainties and financing challenges.

The central bank’s stance on interest rates will also play a crucial role in managing inflation expectations in the coming months.