Dr. Tarig Enaya, Senior Vice President of the STC Enterprise Business Unit has revealed that smart cities-associated technology investments that will take place in the next four years worldwide will reach USD 158 billion by 2022 in accordance with the IDC Report. The figure is expected to reach USD 2.7 billion (SAR 10.125 billion) in the Middle East and Africa.
Digital Government MENA
Smart Dubai has concluded another successful participation in GITEX Technology Week, where it showcased its main strategies, services, and initiatives that seek to cement Dubai's global lead in the smart city sector.
In an unprecedented initiative in Lebanon, the Municipality of Jounieh in collaboration with the Arab Forum for Smart Cities and under the patronage of the Lebanese Prime Minister- Designate Saad El Hariri, organized a workshop entitled "Digital and Smart Transformation in Arab Cities: Reality and Outlook".
Relam Investment, an international investment company headquartered in Dubai, UAE, owned by local entrepreneur Sultan Ali Rashed Lootah, has announced the global launch of its third generation blockchain technology: Hetachain, which promises faster processing time and lower energy use.
With the aim of regulating the use of fintech technology, the UAE's Minister of Economy has announced a regulatory framework for fintech companies adopting experimental licenses to conduct their operations. Similar frameworks were introduced by Dubai International Financial Centre and Abu Dhabi Global Market over the last year.
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