Saudi Ministry of Investment, tech firm Endava sign MoU to propel digitalization efforts 

The deal will help provide Saudi organizations a swift path to impactful digital transformation. Ministry of Investment
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Updated 26 March 2024
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Saudi Ministry of Investment, tech firm Endava sign MoU to propel digitalization efforts 

RIYADH: Saudi businesses will be brought up to speed on global best practice in the digital sphere thanks to an agreement between the Kingdom and a London-based firm.

The Kingdom’s Ministry of Investment signed a memorandum of understanding with Envada to support the government’s economic vision by offering advisory, consultation, and implementation services, according to a statement.

The newly signed agreement will also help the private and public sectors adapt their digital offerings and processes, and will also help train technology professionals.

This move falls in line with the ministry’s ongoing effort to enable international firms to establish operations in the Kingdom, supporting a tech shift in line with Saudi Vision 2030.  

“We commend the ministry on the work it is doing to afford global-leading technology companies like Endava an unmissable opportunity to actively shape the digital future of Saudi Arabia at this critical inflection point in the Kingdom’s advancement,” Managing Director of MENA Endava David Boast said.  

“Our partnership with them is further validation of Endava’s unwavering commitment to Saudi Arabia and its people,” Boast added.

He went on to stress: “With our mission of making a profound and lasting positive impact on the societies and economies which we serve, such close collaboration with leading government entities is fundamental to our ambitions.”

Over the last two years, Endava has been making investments in an attempt to bolster its presence in Saudi Arabia as it engages with the Kingdom’s largest players across industries including banking, finance, energy, among others.


Saudi Arabia’s NDF unveils strategic partners for MOMENTUM 2025 conference 

Updated 55 min 29 sec ago
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Saudi Arabia’s NDF unveils strategic partners for MOMENTUM 2025 conference 

RIYADH: Saudi Arabia’s National Development Fund has unveiled the lineup of strategic partners for the Development Finance Conference MOMENTUM 2025, as the Kingdom accelerates efforts to build a more integrated development-finance ecosystem.  

The conference, scheduled for Dec. 9–11 at the King Abdulaziz International Conference Center in Riyadh, will bring together policymakers, lenders and global development institutions as the Kingdom seeks to expand financing channels for key sectors. 

Saudi National Bank and Arab National Bank are named Main Partners, while Riyad Bank will serve as Banking Partner, NDF said in a press release.  

Bank AlJazira and Saudi Awwal Bank join as Enabling Partners, and public-sector participants include Invest Saudi, the Made in Saudi Program, and the Saudi Conventions and Exhibitions General Authority. 

Riyadh Municipality also joins the list as the host city partner, while Saudi Post is the logistics partner for the conference. 

“Collectively, these partnerships advance the conference’s vision of fostering collaboration among public and private sectors, contributing to Saudi Vision 2030 objectives,” the release said. 

Organized by NDF, this year’s conference is convened under the theme “Leading Development Transformation.” 

MOMENTUM 2025 reflects the NDF’s central role as a principal enabler of development in the Kingdom and as a strategic driver of the national development finance system through its 12 affiliated development funds and banks.  

“Through this conference, NDF aims to align efforts, amplify impact, enhance coordination and integration, and build meaningful partnerships with leaders across the public and private sectors. Together, these efforts are intended to ensure sustainable growth and empower strategic sectors to deliver on national and global development goals,” the release added.  

The program will feature more than 100 speakers from over 120 local and international entities, further underscoring the conference’s role as a national forum supporting the leadership’s vision of building a dynamic financing ecosystem that empowers key sectors. 

Several princes, ministers, senior officials, CEOs, global leaders, development experts, and economists are scheduled to attend the conference. 

The event will spotlight the contribution of the private sector and small and medium-sized enterprises in elevating the Kingdom’s economic growth, generating jobs, and boosting competitiveness.