Search

Results for "Joint Venture"

Saudi Energy acquires stake in Kraken Tech, forms joint venture in Riyadh - ارقام

SPA · Apr 14

Saudi Energy has acquired a stake in UK-based Kraken Technologies, a subsidiary of Octopus Energy Group, specializing in AI-enabled technology for smart grids and energy management. This acquisition includes the establishment of a joint venture headquartered in Riyadh. The partnership aims to localize advanced energy technology within the Kingdom. Why it matters: This strategic collaboration is significant for advancing energy technology and smart grid solutions in Saudi Arabia, aligning with national goals for technological development and energy efficiency under Vision 2030.

G42 and Publicis Sapient to Explore AI-First Services Joint Venture for the UAE and Global South

G42 · Invalid Date

G42 and Publicis Sapient have signed an MOU to explore a joint venture combining G42’s AI infrastructure with Publicis Sapient’s enterprise AI platforms. The venture aims to accelerate digital transformation across the UAE and Global South by deploying AI agents and enabling data-driven operations. It will deliver services across cloud modernization, AI use case development, and enterprise software engineering. Why it matters: This partnership could establish a major AI services platform in the UAE, driving adoption of AI across the region and beyond.