Chinese tech giant Huawei plans to set up a flagship store in Riyadh in an effort to grow the influence of its digital products and services in Saudi Arabia, as the kingdom expands access to internet services, Reuters reported on Friday, citing the country’s investment ministry.
Huawei has signed a leasing agreement with Saudi Arabia’s Kaden Investment for the store which will be the largest Huawei store outside its home market, the Ministry of Investment said in a statement, without providing details on the opening date.
The news comes against the backdrop of the Middle Eastern country aiming to increase the percentage of its population who is able to enjoy internet services to 82.6% in 2022 from 73.2% in 2017, the statement added.
In October last year, Huawei signed a memorandum of understanding with the Saudi Authority for Data and Artificial Intelligence to help Saudi Arabia strengthen its capabilities in artificial intelligence technology, Xinhua reported. The partnership is a part of Saudi Arabia’s broader efforts to transform its economy from one driven by oil exports to one powered by technology.
Contact reporter Ding Yi (email@example.com)