With the stock market listing of its national oil company stalled, Saudi Arabia is scrambling to boost the coffers of the sovereign wealth fund spearheading a risky plan to diversify its economy.
The UAE’s government-led Smart City projects are driving regional Smart Cities spend to reach a record-high of $2.3 billion by 2021.
The Middle East and North Africa, and especially the GCC, are spearheading the $2.6 billion global Smart Cities market, according to Schneider Electric.
Roads and Transport Authority (RTA) has signed a Memorandum of Understanding with Tejari, the e-supply and procurement channel of Dubai Government, to automate contracting procedures and procurement operations of RTA.
Dubai RTA has announced that it will deploy 368 “smart” buses to transport about 8873 students in 17 schools during the new academic year that begins in September.
Saudi Arabia’s NEOM project has appointed on Aradhana Khowala as the mega city’s managing director of Tourism.
Saudi Arabia, the world’s biggest crude exporter is future-proofing itself against oil’s decline by investing the increasingly booming technology industry.
Dubai has snagged the top spot as the ‘Most Innovative City’ in the region in 2thinknow’s 2018 report.
India and the UAE have reportedly signed a memorandum of understanding (MoU) to promote the use of digital technology for better governance, officials said.
Dubai has reportedly attracted $21.66 billion worth of foreign direct investment in high-end technology transfers in three years.