Riyadh, February 14, 2024, The Communications, Space, and Technology Commission (CST) has announced an extension of the registration period for the second cohort of the Emerging Technologies Regulatory Sandbox until March 31, 2024, in response to heightened interest from stakeholders. This initiative offers participants an opportunity to explore innovative products, solutions, and business models utilizing seven distinct technologies, including Blockchain, Internet of Things (IoT), and Cloud computing, while navigating relevant regulations and challenges.
The establishment of this Sandbox by CST has fostered a flexible environment conducive to the development and testing of cutting-edge business models, solutions, and services. This initiative aims to support entrepreneurs and innovators within the technology sector, propel industry growth, and facilitate the introduction of inclusive tech products into the market.
CST has extended an invitation to all investors and technology companies to participate in the second cohort of the Emerging Technologies Regulatory Sandbox until March 31, 2024. Interested parties can register through the following link: [link provided].
The launch of the second cohort of the sandbox is a testament to CST's commitment to enabling new services, bolstering the digital economy, and advancing regulatory flexibility and maturity. Additionally, it seeks to foster collaboration among government entities while safeguarding consumer interests. Furthermore, this initiative aims to stimulate economic growth and attract investments, building upon the groundbreaking innovations introduced by the first cohort of participants across various sectors.
