RIYADH: The Ministry of Communications and Information Technology has signed a memorandum of understanding with the Saudi British Joint Business Council to develop the Saudi UK Tech Hub, the Saudi Press Agency reported.
The hub is a digital platform that aims to connect Saudi and British entrepreneurs with partners and supporters in both countries, while enhancing and supporting the technical ecosystems.
Under the agreement, which was signed by Ibrahim Al-Nasser, undersecretary at the ministry, and SBJBC CEO Chris Anis Hopkins, the two sides will establish a board of directors comprising representatives from the Saudi and British public and private sectors. SBJBC will manage the hub’s financial affairs and provide support.
By helping to facilitate knowledge transfer, increase investment, and strengthen relationships, the platform aims to support the efforts of both countries to develop their positions as regional technology and innovation hubs, authorities said.