Saudi Arabia warns brokers of major fines and licence suspensions
Saudi Arabia authorities have said regulatory violations could result in a fine of $52,900 (SR200,000)
The LEAP technology conference in Riyadh has seen Chinese firms expanding their presence in the kingdom. BytePlus, ByteDance’s enterprise cloud arm, is collaborating with Saudi telecom operator Mobily to construct the Middle East’s inaugural physical cloud infrastructure in Riyadh. Tencent Cloud has obtained a Saudi operating license to cater to government and finance clients, a move bolstered by $150 million in investments the tech giant has made in the country so far, according to EnterpriseAM.
Lenovo is set to commence mass production of a laptop unveiled at LEAP in Riyadh by year-end. These developments may garner attention in Washington, where the Trump administration has enticed the Gulf with advanced chips while imposing conditions to prevent Chinese tech firms from gaining a foothold. Despite this, American Big Tech companies are showing interest.
Elon Musk’s xAI revealed at LEAP its plans to establish its first data center outside the US in Saudi Arabia.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Chinese tech companies plant deeper roots in Saudi Arabia semafor.com
- Saudi Arabia warns brokers of major fines and licence suspensions arabianbusiness.com
