The SC
INT'L MOD
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- #766
The Iranian Chief of Staff announces during the visit of the Saudi Defense Minister to Tehran his country's readiness to expand defense relations with the Kingdom (IRNA)
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Saudi Arabia strategic Projects: news, discussions & updates
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The SC
INT'L MOD
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- #767
Saudi Arabia is working to build the first quantum computer
Saudi Arabia is working to establish a Quantum valley with strategic partnerships with major international companies to build the first quantum computer
"In the Kingdom, the future it is not a distant dream, but it is translated into the quantum laboratories in KACST, and discussed in the innovation centers in NEOM, and its testing in technical companies emerging in the Kharj, and we are working to create an environmental system in which academic institutions, industry and innovation converge."
The SC
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- #769
Saudi Arabia’s Electronic Gaming Development Company (EGDC), which is owned by the Mohammed Bin Salman Foundation (MiSK), now almost entirely owns Japanese games developer SNK, acquiring 96.18 per cent of the company’s shares.
The deal, initially proposed late last year, was finalised on 15 February, according to SNK’s website. It follows MiSK’s earlier acquisition of a 33.3 per cent stake in SNK in November 2020.
At the time the Foundation hinted at ambitions to only own a majority 51 per cent holding in SNK. “The Mohammed bin Salman Foundation’s (MiSK Foundation) investment in SNK continues a long-standing partnership with the Japanese company that includes previously working on joint projects in animation and video games, through MiSK’s subsidiary Manga Productions,” a press release stated.
The takeover of SNK is the latest investment by the Saudis in the lucrative gaming industry. Earlier this year Bloomberg reported that the kingdom’s Public Investment Fund (PFI) owns over five per cent in both Capcom and Nexon worth over $1 billion.
n 2020, the sovereign wealth fund invested over $3 billion in US games developers Activision Blizzard, Electronic Arts and Take-Two. The former is currently under acquisition by Microsoft in a deal expected to be finalised next year, pending regulatory reviews.
SNK is one of the oldest active Japanese video games companies, alongside Capcom, and is most notable for developing the Neo-Geo arcade system and is behind some of the most successful game franchises including the King of Fighters, Metal Slug and Samurai Shodown.
Saudi Arabia venturing into the gaming world is in line with the Crown Prince’s Vision 2030, which aims to steer the kingdom away from reliance on oil revenues to a more diversified economy.
The SC
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- #771
Nicholas Bingham, CEO of "Taranis Capital" for Al -Eqtisoria, during the #Vntr forum:
- We are on the verge to launch the first fund for For data centers of the Gulf states in Riyadh at a value of two billion dollars
- The fund will be the only one of its kind in the region and we work with a number of local partners and government agencies
- We are on the verge to launch the first fund for For data centers of the Gulf states in Riyadh at a value of two billion dollars
- The fund will be the only one of its kind in the region and we work with a number of local partners and government agencies
The SC
INT'L MOD
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- #773
In a new global achievement ..
Saudi Arabia Ranks 1st Regionally, 9th Globally and 6th in the G20 in Geospatial Field
https://www.spa.gov.sa/en/N2303810
Saudi Arabia Ranks 1st Regionally, 9th Globally and 6th in the G20 in Geospatial Field
https://www.spa.gov.sa/en/N2303810
The SC
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- #774
More than 40 international Indian companies have been inaugurated in Saudi Arabia, including factories for cars and buses, while the next stage will witness the opening of defense industries facilities, according to what he mentioned to Al -Eqtisadiah, the head of the Saudi Indian Business Council, Abdulaziz Al -Qahtani
The SC
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- #776
Saudi women continue to achieve global achievements.
Professor Dana Al -Suleiman won the award for the best inventor for the year 2025 from the International Federation of Inventors at the Geneva International Innovation Exhibition, for the invention of the non-surgical cancer sensor by developing an advanced two-dimensional nanoparticle to diagnose cancer and careful health care.
Professor Dana Al -Suleiman won the award for the best inventor for the year 2025 from the International Federation of Inventors at the Geneva International Innovation Exhibition, for the invention of the non-surgical cancer sensor by developing an advanced two-dimensional nanoparticle to diagnose cancer and careful health care.
SaadH
Elite Member
widespread news ..
The Saudi Public Investment Fund has completely acquired Nissan
View attachment 113928
More money down the drain, but the more money diverted away from Saudis' favorite zionists in the West to massacre Palestinian babies the better...
The SC
INT'L MOD
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- #780
Saudi Arabia invests in minds with 1,000 research laboratories
April 27, 2025
The number of research laboratories jumped to more than 1,000 research laboratories in the Kingdom; It follows 30 universities and research centers to achieve qualitative distinction; And strengthening its international position in research and innovation, in a way that reflects positively on the economic, cognitive and scientific aspects, as well as contributing to creating innovative solutions to address national and global challenges.
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