Riyadh, March 6, 2024, The Communications, Space, and Technology Commission (CST) has revealed that HONOR, a Chinese company, is set to invest $100 million in Saudi Arabia's markets. This significant investment is a result of the CST's initiatives to regulate and facilitate the market, attract investments to Saudi Arabia, and invigorate the communications sector by embracing advanced technologies, particularly those enhanced by artificial intelligence.
The announcement was made during the Leap24 international technical conference. The CST's efforts to encourage major companies to establish a presence in the Kingdom align with the broader vision of positioning Saudi Arabia as a central hub for technology in the region.
HONOR, recognized as an innovative company in the realm of smart devices, is dedicated to empowering people worldwide through research, capability development, and the pioneering of future technologies. This investment underscores the growing significance of Saudi Arabia as an attractive destination for technology-related investments and partnerships.
