Watad Expands Saudi Innovation with Key Partnerships

In this issue of our newsletter, we highlight how Watad's recent partnerships are pivotal in advancing Saudi Arabia's Vision 2030. In a dynamic effort to propel the Kingdom's technology and industrial sectors forward, Watad has taken significant strides through key collaborations and contracts. Notably, the Memorandum of Understanding (MoU) with GIGABYTE aims to localize hardware manufacturing in Saudi Arabia, while Navid | ???? , a subsidiary of Watad, is set to enhance industrial infrastructure through a major contract with MODON. These initiatives focus on driving technological innovation and industrial growth, positioning Saudi Arabia as a leader in innovation and boosting its competitiveness on a global scale.

Memorandum of Understanding with GIGABYTE ?

At the 3rd edition of the #AI_Summit, Watad signed a Memorandum of Understanding (MoU) with GIGABYTE, establishing a strategic partnership to boost Saudi Arabia's local technology landscape. This collaboration positions GIGABYTE as a local assembly partner, enabling the manufacturing of state-of-the-art hardware solutions within the Kingdom. The partnership is a significant milestone in advancing the region's high-performance computing (HPC) and artificial intelligence (AI) sectors.?

The collaboration extends beyond Saudi Arabia, as it includes distribution efforts in the United Arab Emirates, allowing Watad to leverage Gigabyte’s global expertise in hardware manufacturing and distribution. This strategic move will support local businesses in accessing high-quality technology products, further boosting the competitiveness of Saudi Arabia’s tech ecosystem.?

Mohammed Al Mutairi, CEO of WATAD, expressed his enthusiasm: “We are excited to announce this strategic partnership with GIGABYTE and Giga Computing. This will help to localize server manufacturing aligned with the Vision 2030 of Saudi Arabia. Having such robust and advanced manufacturers in Saudi will enhance our technological capabilities and deliver exceptional value to our clients. This partnership will allow us to leverage cutting-edge innovations and bolster our offerings in the AI infrastructure compute, enhancing local expertise and skills in this industry."?

Vincent Wang, Vice President of Giga Computing, added, “Our collaboration with WATAD allows us to bring our high-performance computing solutions to the Saudi market in a way that’s customized for local business and energy needs. We’re thrilled to be a part of the Kingdom’s technological evolution, contributing to its progress through scalable, robust computing solutions.”?

The partnership between Watad and GIGABYTE/Giga Computing underscores the importance of localized innovations that support regional economic growth while driving global technological trends. As the Kingdom pushes toward its Vision 2030 goals, partnerships like this are essential for empowering industries, enabling AI-driven transformation, and ensuring a sustainable future for generations to come.?

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MODON Signs a Contract with Navid ? ?

The Saudi Authority for Industrial Cities and Technology Zones ( MODON) has signed a SAR 500 million contract with Navid to develop infrastructure networks in the Third Industrial City of Dammam.?

The project aims to provide 2.5 million square meters of investment land to meet the growing demand for industrial investment in the Eastern Province. It will also support emerging industries targeted for localization, in collaboration with both local and international private sectors, aligning with the objectives of the National Industrial Strategy.? ?

This partnership is part of MODON’s vision to become the prime destination for investment growth and the leading partner in the industrial ecosystem, in line with the goals of the National Industrial Strategy and Saudi Vision 2030. Under the contract, Watad will play a pivotal role in enhancing the industrial business environment and promoting sustainable growth within the Kingdom.?

Navid’s Role and the Contract’s Impact on the Future?

Navid, a subsidiary of Watad,?will significantly contribute to developing the infrastructure needed to support various industrial sectors. This substantial investment is not only a step towards enhancing infrastructure but also a direct effort to create an integrated industrial environment that fosters innovation and efficiency.?

The expansion of investment lands will allow companies to tap into new opportunities, bolstering the competitiveness of the industrial sector in the Kingdom. This initiative is aligned with global trends in sustainable development and the adoption of advanced technologies in industries.?

Impact on the Local Economy?

The project is expected to strengthen the local economy by increasing investments and generating new job opportunities. The development of the Third Industrial City in Dammam will enable businesses to benefit from a modern work environment equipped with the latest technologies, facilitating future growth and expansion plans.?

Through this, Navid is contributing to the industrial sector and driving economic growth in the region, supporting the goals of Saudi Vision 2030 and reinforcing the Kingdom’s position as a leading investment destination in the region.?

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Looking to the Future?

As Watad continues to strengthen its partnerships and investments, the future looks promising for both the technology and industrial sectors in Saudi Arabia. Through its collaboration with GIGABYTE, Watad is positioned to play a pivotal role in advancing the Kingdom’s capabilities in AI infrastructure and computing power. The localization of server manufacturing is set to increase the availability of cutting-edge solutions and nurture local talent in the tech industry.?

Meanwhile, Navid’s SAR 500 million contract with MODON will have a long-lasting impact on the Kingdom’s industrial landscape. By developing critical infrastructure in the Eastern Province, the project will open new doors for investment and innovation, further establishing Saudi Arabia as a key player in the global industrial market.?

Both initiatives reflect a strong commitment to Vision 2030, ensuring that Saudi Arabia remains at the forefront of technological advancements and industrial growth. These projects will not only drive economic development but also contribute to building a sustainable and tech-driven future for the Kingdom.?

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