UAE firm eyes huge opportunities in Saudi mobility sector

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AHOY CEO Jamil Shinawi said Saudi Arabia is undergoing ‘an amazing’ transformation and evolving at the socioeconomic, industrial, and technological levels. (SPA)
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AHOY CEO Jamil Shinawi and Othman Al-Dahash, CEO of the PIF-back joint venture iot squared. (Supplied)
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AHOY CEO Jamil Shinawi said the Kingdom is undergoing ‘an amazing’ transformation and evolving at the socioeconomic, industrial, and technological levels. (SPA)
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Updated 21 May 2023
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UAE firm eyes huge opportunities in Saudi mobility sector

  • The partnership aims to launch AHOY’s products and services in Kingdom

CAIRO: Saudi Arabia’s mobility sector is set to benefit from the collaboration of the Public Investment Fund-backed iot squared and UAE-based AHOY Technology as the former will obtain software licensing and resale rights of IT products offered by the latter.

The partnership aims to launch AHOY’s comprehensive suite of products and services including technology infrastructure, software development kits, and programming interfaces in the Kingdom. The Saudi firm, iot squared, is a joint venture between the PIF and etc Group.

In an interview with Arab News, AHOY CEO Jamil Shinawi expressed optimism over the prospects of his firm’s partnership with iot squared.

“Internet of Things is the eyes, ears, and senses of our technology, iot squared comes not only with a great purpose but also with an amazing world-class team that is more than capable of creating wonders,” he added

Shinawi said his company is well-equipped to tackle challenging projects and contribute to the success of the Kingdom’s Vision 2030 plans.

AHOY is a unique deep-tech company that provides developers with the tools needed to build efficient, lean, and automated movement operations solutions through data, insights, and intelligence. 

Shinawi said the Kingdom is undergoing “an amazing” transformation and evolving at the socioeconomic, industrial, and technological levels.

“We, at AHOY, consider ourselves a catalyst for such a change,” as the company is involved with several projects, some of which are backed by the PIF, in different sectors such as aviation and mobility.

The IT firm has also established a regional commercial office in Riyadh.

IT products 

Among the company’s licensed products, COMET stands out as a software-as-a-service platform designed to optimize and seamlessly integrate logistical platforms, ensuring end-to-end efficiency. FLY+ provides a platform-as-a-service solution for a smarter travel experience, offering remote check-in, door-to-door services, and efficient handling of left-behind luggage. 

Additionally, AHOY’s Movement Studio technology infrastructure facilitates the development of tailor-made software tools, enabling the affordable and rapid creation of futuristic solutions, systems, and applications. These solutions accurately orchestrate movement and routing, catering to the needs of enterprises and complex commercial-grade applications. 

Opportunities

Shinawi acknowledges that the Kingdom’s heavy investment in technology and innovation presents immense opportunities for the company. AHOY aims to attract 100 new enterprise clients from Saudi Arabia in the coming years. 

Having exceeded over $16 million in revenues since its inception, the company reached the threshold of profitability last year. 

“We have raised close to SR60 million ($16 million) from 2018 to date, this has been used to build our technology, develop and conduct limited operation of use-cases to demonstrate scalability,” he said. 

Shinawi told Arab News that in the first five months of 2023, his IT firm had surpassed last year’s revenue.

AHOY raised approximately SR1 million from an angel round in 2019, SR12 million in 2020, and SR45 million in 2022. 

Shinawi also revealed plans to secure additional funding through a Series D round in 2023. The company aspires to become the region’s first decacorn, reaching a valuation of $10 billion, he added. 

Expanding on its global presence, AHOY already operates in 60 markets and aims to establish a global user base within 18 months. By the end of the year, AHOY aims to operate in 120 geographies. 

“We are close to 100 people globally and we do not want to exceed 120 people even in the future, any requirement in growth in our structure happens in spin-off companies that are subsidiaries,” Shinawi explained. 

Future strategy 

Shinawi also disclosed the launch of autonomous command and control and planning artificial intelligence orchestrators in 2023. The new products, he said, will make operations management efficient manifold.

Moreover, AHOY is actively developing a neural network-based solution targeting traffic, water, and data management. 

It is committed to bridging the technology gap by providing a framework that streamlines dynamic movement and equips developers, implementation partners, and systems. 

Shinawi believes in supporting the growth of small and medium enterprises which he considers the driving force of any economy. 

“SMEs are our passion,” he said. “Such a transformative vision like Saudi Vision 2030 necessitates sustainable development through technology, and AHOY is committed to supporting every hand that contributes to this noble cause and the evolution of humanity and life.” 

He added that AHOY is perfectly suited to support the developments of Vision 2030, whether in smart cities, people and goods flow, or AI and machine learning. 


Middle East AI adoption reaches 75%, beating global average: PwC survey 

Updated 19 December 2025
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Middle East AI adoption reaches 75%, beating global average: PwC survey 

RIYADH: Artificial intelligence is becoming embedded across Middle East workplaces, with 75 percent of employees using AI tools at work over the past year, a higher rate than the 69 percent global average, a new survey showed.

According to PwC’s Middle East Workforce Hopes and Fears Survey 2025, the region is outpacing global peers in adopting AI for everyday work, driven by government and corporate digital transformation efforts.

Based on responses from 1,286 employees, the survey indicates AI use has moved beyond pilot stages, with 32 percent of workers using generative AI tools daily — above the global average of 28 percent and reflecting growing familiarity with AI-driven workflows.

The survey findings align with trends observed in Saudi Arabia, where advanced technologies such as AI are being widely embraced across workplaces.

In November, a report released by KPMG highlighted the Kingdom’s progress in the technology sector, noting that 84 percent of CEOs in Saudi Arabia are ready to deploy AI responsibly — well above the 76 percent global benchmark — supported by the Kingdom’s data governance ecosystem, including national initiatives led by the Saudi Data and Artificial Intelligence Authority. 

Earlier this month, data from the Global AI Index revealed that Saudi Arabia ranked fifth globally and first in the Arab region for growth in the AI sector. 

Commenting on the findings, Randa Bahsoun, partner at PwC Middle East, said: “As employees confidently embrace change, build new capabilities and show remarkable adaptability with AI, they also want to feel secure and supported.” 

She added: “Organizations that provide clarity on how roles will evolve, expand access to learning and protect wellbeing will be the ones that retain talent and get ahead in a fast-changing labor market.” 

Adapting to the tech-driven future 

The latest PwC survey found that the Middle East workforce is confidently leading the integration of AI into daily work, while prioritizing job security and skills development at higher rates than their global counterparts.

According to the report, 49 percent of employees in the region expect technological change — including AI, robotics and automation — to impact their jobs to a large or very large extent over the next three years, compared with 45 percent globally.

PwC said this trend reflects not only higher adoption, but also greater readiness and comfort with next-generation technologies across the region. 

Employees in the Middle East increasingly view emerging technologies as tools that enhance productivity and creativity rather than threats to job security. 

Around eight out of 10 employees said AI has improved their productivity, with 87 percent reporting higher-quality work and 84 percent citing increased creativity. 

Higher confidence among younger employees 

The survey found that younger employees in the region demonstrate significantly higher confidence in AI’s potential, with millennials and Gen Z being the most hands-on users of AI tools. These groups are adopting new technologies quickly and often outpacing older cohorts in both usage and creative application. 

“This puts early career employees in a strong position to adapt to the evolving technological demands of entry-level roles,” said PwC. 

It added: “For employers, this is an opportunity to leverage younger talent to drive digital adoption and performance, while providing guidance, clarity and support as AI continues to reshape the future of work.” 

Acquiring the tools

Skills development remains a defining priority for the Middle East workforce, according to the survey. 

The report found that 69 percent of employees in the region gained new skills over the past 12 months, compared with 56 percent globally. 

Some 81 percent of respondents said they would prefer a job that offers opportunities to build transferable skills — higher than the 69 percent global average. 

Job security has also emerged as the top priority, with 85 percent of employees saying it is very important. 

“As employees in the Middle East seek balance and flexibility, their expectations of career progression and reward are also evolving. Fewer employees are asking for a pay rise than last year, signalling a more cautious labor market,” said PwC. 

The report found that engagement levels among the Middle East workforce remain among the highest globally, with 78 percent of regional employees saying they look forward to going to work, compared with 64 percent globally. 

Despite this high level of engagement, 45 percent of employees said they feel fatigued at least once a week, and nearly half reported feeling overwhelmed, indicating that workload intensity is becoming a significant pressure point. 

Converting momentum to benefits 

PwC highlighted several actions organizations should prioritize to convert the current AI momentum into a lasting advantage. 

The firm said companies should communicate clearly and consistently about where AI technologies are being deployed, what will change across processes, how job roles will be affected and where new value will be created. 

The report also emphasized the importance of building a continuously evolving, future-ready, skills-first workforce that can fully harness AI’s potential. 

“Leaders need to ensure upskilling, reskilling and capability building move 22 beyond periodic initiatives and become a key element of their organizations’ forward-looking business strategy,” said PwC. 

It added: “This means identifying future skill needs early, assessing current capabilities to understand gaps and using those insights to create development pathways tailored to roles, seniority and diverse career trajectories.” 

Companies should also foster a culture of agility and innovation and equip managers to effectively support AI-enabled teams. 

PwC said managers must have the clarity, tools and protected time needed to coach teams, support skill development and manage workloads in ways that sustain employee engagement and wellbeing. 

“This can be achieved by setting clear performance expectations for managers around employee development and wellbeing and supporting them with the knowledge and guidance needed to fulfil these responsibilities,” added PwC. 

Organizations should also prioritize flexibility, autonomy and balanced workloads to sustain high performance, giving employees the freedom and clarity to manage their work effectively. 

The report suggested that expanding flexible work arrangements, strengthening autonomy in day-to-day decision-making and giving teams a greater voice in how work gets done could help employees perform at their best. 

“The Middle East’s workforce continues to demonstrate a powerful blend of optimism, ambition and adaptability. The challenge now is for leaders to amplify these strengths through vision, transparency and care – ensuring that technology, trust and talent progress together,” concluded the report. 

Earlier this month, a KPMG report echoed similar views, saying UAE CEOs are accelerating investment in artificial intelligence while prioritizing people, skills and responsible innovation as core drivers of future growth. 

The report said 84 percent of CEOs in the UAE expect to expand headcount over the next three years, while 80 percent are already redesigning roles to integrate AI collaboration across their businesses.