Bahrain Unlocks Golden Residency: Lowering Investment Threshold to Fuel Entrepreneurship
06 Dec 2025
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Saudi Arabia’s cabinet has approved a digital economy policy, state news agency SPA reported.
The Minister of Communications and Information Technology Abdullah Al-Swaha said the policy will be a road map for the Kingdom’s directions for government authorities, the private sector and the international community in fields related to digital economy, the report added.
The digitalization of the economy will encourage investments, increase local technical leadership and attract international partnerships in fields of innovation and digital transformation, SPA said.
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On Friday, King Salman of Saudi Arabia issued a royal decree to establish a National Centre for Artificial Intelligence (AI) in KSA to drive innovation and the digital transformation of the country, as declared by Abdullah Al-Sawaha from the Saudi Minister of Communications and Information Technology.
In addition to the AI centre, Abdullah Al-Sawaha also declared that the decree would establish a National Data Management Office in the country, which will be closely linked with the Saudi Data and Artificial Intelligence Authority.
Artificial intelligence is on the agenda for many countries around the world as it has the potential to improve security as well as business processes across sectors. As KSA aims to move away from its dependency on oil, it is taking a number of steps to ensure a more sustainable economic future. AI is part of that strategy and Vision 2030.
Al-Sawaha also revealed that the KSA Vision 2030 lays out objectives to improve and develop performance efficiency with the help of AI and big data. This move is in line with those objectives and indicates the country's determination to strengthen its digital capabilities through welcoming AI.
In addition to boosting productivity and better decision-making processes across sectors, Al-Sawaha also said that citizens would benefit from better AI-enabled services as well as drive entrepreneurship in the sector amongst the country's young population.
Furthermore, King Salman also issued other decrees to drive growth of the Kingdom, including the creation of a new Ministry for Industrly and Mineral Resources.
source: sme10x
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Saudi Arabia-based food subscription startup, Dailymealz, has raised $2 million in a pre-Series A round led by Seedra Ventures and joined by some angel investors.
The startup aims to utilise the funds to broaden its services for partner corporates in Saudi Arabia and Kuwait, as well as expand into the UAE and Egypt.
Founded in 2017 by Mohamed Elzalabany, Abdulrahman Ahmed, Abdallah Said, and Motaz AbuOnq, Dailymealz partners with restaurants and cloud kitchens to offer corporate employees customised weekly, biweekly and monthly lunch subscription plans offering a range of dietary options including keto, diet, and fast food choices.
Managing its network of freelance drivers who handle multiple orders per trip, Dailymealz also offers its app users full day subscription options beyond its work day lunch-focused plans.
The foodtech startup has also launched a new service that allows partner employers the ability to provide their employees with meals at subsidised rates as well as place orders for corporate meetings and events.
source: wamda
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Saudi-Arabia based software company Fastcoo, and Tracking, a GPS tracking system, have merged in a deal valued at SAR 2.7 million ($720,000). The deal will provide technical solutions to the logistics sector, aiming at localising the internet of things (IoT) industry in the country.
Fastcoo, a SaaS (software as a service) company specialised in logistics for both delivery and fulfilment, offers software for businesses in the logistics and supply chain field that need to optimise, automate, utilise and prioritise their processes for their warehouse, fleet management, fulfilment centres, and/or delivery companies. It currently provides its services to more than nine countries across the Middle East and North Africa (Mena).
Tracking delivers the real-time location of any vehicle to track any object, even children and pets.
“The provision of technical transformation for delivery and freight by localising technology and tracking systems will achieve an important impact on the Kingdom's Vision 2030,” said Hassan Jabarti, co-founder of Fastcoo.
The merger will provide an integrated technology solution that will link transportation companies, the Transport General Authority, and refrigerated vehicles specialised in transporting medicines and food with the Saudi Food and Drug Authority.
“We are looking forward to attracting international expertise and technologies to the Saudi market, and exporting local technology through the production of the first vehicle tracking devices in Saudi Arabia,” said, Ali Al-Rajhi, co-founder and chairman of Tracking.
source: Wamad
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Peer-to-peer vehicle-sharing platform, Ejaro, has raised $850,000 in seed funding. The investment came from angel investors and BIM Ventures.
Mohammed Khashoggi founded Ejaro in 2019. The Saudi platform connects is local vehicle owners with individuals looking to rent cars and other vehicles. According to Khashoggi, the startup aims to tap into the regional car rental market, valued at over $4 billion, adding that the market is set to experience a large potential growth in the post-Covid19 economy.
The car owners make extra money from a car that they may not be using full-time, while renters enjoy the vehicles on the platform which are up to 40 percent cheaper than traditional car rental companies. Renters can search for vehicles by area to find the ones nearby.
All cars on Ejaro have been insured.To further incite owners and renters, the starup has introduced its own peer-to-peer vehicle insurance policy in partnership with Kingdom Brokerage and MedGulf; that is available for both hosts and renters.
Khashoggi said in a statement: “With millions out of jobs and rental companies struggling, our platform empowers owners to earn an additional income from their depreciating assets and share them with the masses. I truly believe that Ejaro will accelerate in the coming weeks.”
Mohamed Amine Merah, Ejaro’s Finance & Strategy Partner and Managing Partner of BIM Ventures, said, “During the downtime [due to Covid-19], we were able to develop and launch a new and improved app, build strategic partnerships, and solidified our internal processes.”
He also said that the startup is planning to expand regionally, starting with UAE in 2021.
The new funds will be used to accelerate the development of additional features on the platform, in order to increase the hosted cars and renters’ bases and to expand the team.
source: wayamedia
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