logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Shared Services Program to utilize Deem government cloud

Shared Services Program to utilize Deem government cloud

NOHA.GAD
Sep 12, 2024
Shared Services Program signed an MoU with SDAIA to utilize government cloud Deem

Riyadh - Sharikat Mubasher: Shared Services Program, a provider of shared services to government entities in Saudi Arabia, signed a memorandum of understanding (MoU) with the Saudi Data and Artificial Intelligence Authority (SDAIA) to utilize the government cloud Deem to offer services to government entities.

The agreement was signed during the Global AI Summit that took place in Riyadh from 10 to 12 September, in the presence of representatives of both parties.

The MoU aims to create a collaborative framework between SDAIA and the program to raise awareness of services and programs provided by both parties.

This collaboration targets increasing the awareness of the potential of data and AI technologies and enhancing human capabilities to drive digital transformation in the Kingdom.

Deem is a government cloud-computing platform that provides government and semi-governmental entities with promptly accessible, highly reliable, flexible, and efficient technological assets to achieve digital transformation and improve the technological services provided in the Kingdom.

The third edition of the Global AI Summit gathered global figures, economic policymakers, and artificial intelligence (AI) specialists from 100 countries.

It aimed to tackle challenges in AI development and address several issues such as human capacities, technical infrastructure, ethics, bias and fairness, national security, information security, and the economic and social impacts of AI.

Tags

Saudi Arabia
SDAIA
Global AI Summit
Deem
Government
Share

Attract clients with your ad

Start Now

Trending

TDF signs SAR 4 bn in new partnerships at MOMENTUM 2025
Riyadh – Sharikat Mubasher: The Saudi Tourism Development Fund (TDF) announced 6 new agreements and a Memorandum of Understanding worth more than SAR 4 billion during the Development Finance Conference (MOMENTUM 2025) in Riyadh.The partnerships aim to expand financing solutions offered through TDF’s Tourism Enablement Programs for micro, small, and medium enterprises, according to a recent press release.Since launch, the programs have delivered nearly SAR 3 billion in financing and helped create more than 74,000 jobs across the Kingdom. Qusai Al-Fakhri, TDF CEO, said the strong growth in beneficiaries—up tenfold—shows the Fund’s ability to scale its economic impact and support sustainable tourism businesses nationwide.TDF expanded its collaboration with the Kafalah program, launching a new SAR 700 million initiative with more than 45 financial partners. This builds on a previous agreement that supported over 2,000 businesses with guarantees exceeding SAR 2 billion.The Fund also signed a new SAR 300 million financing agreement with Arab National Bank, following a similar deal last year that benefited 249 enterprises. Additionally, four new financing agreements worth SAR 200 million were signed with Aljabr Finance, Tayseer Finance, Alraedah Finance, and Tamweel Aloula, expanding earlier cooperation valued at SAR 250 million.TDF also entered a new MoU with the SME Bank to develop enhanced development-finance models for tourism-focused SMEs. More than 10,000 enterprises have already benefited from TDF programs, supporting Vision 2030 goals to grow the tourism economy and strengthen private-sector investment.
36 startups showcase innovative water technologies at IDWS 2025 Deal Day
MUBASHER.SA
SME Bank signs 19 deals exceeding SAR 3 bn during MOMENTUM 2025
Riyadh - Sharikat Mubasher: The Small and Medium Enterprise Bank (SME Bank) plans to finalize 19 partnership agreements exceeding SAR 3 billion during the Development Finance Conference (MOMENTUM 2025), according to the official spokesman, Yasser Al-Hakami.The agreements aim to empower the SME finance sector and promote financing opportunities in partnership with commercial banks, financing companies, and the private sector, Al-Hakami revealed in an interview with the Saudi Press Agency (SPA) on the sidelines of the event.Along with finalizing strategic agreements, the bank participates in MOMENTUM 2025 to empower the SME sector and reaffirm Saudi Arabia’s leading position in the finance ecosystem, notably in development finance, Al-Hakami noted.The National Development Fund (NDF) organizes MOMENTUM 2025 from 9 to 11 December, gathering princes, ministers, high-ranking officials, CEOs, global leaders, development experts, and economists.It underscores Saudi Arabia’s commitment to driving sustainable development, embodying the NDF's role in supporting comprehensive development transformation and enhancing integration among national development funds and banks.
Impact46 leads $1mn investment in Hypemasters
MUBASHER.SA
SDAIA announces ICAN 2026 to advance national AI and data talent
MUBASHER.SA

Related News

Private Equities News
Calendar Icon
Dec 10, 2025
36 startups showcase innovative water technologies at IDWS 2025 Deal Day
Read More
Private Equities News
Calendar Icon
Dec 10, 2025
SME Bank signs 19 deals exceeding SAR 3 bn during MOMENTUM 2025
Read More
Private Equities News
Calendar Icon
Dec 9, 2025
SDAIA announces ICAN 2026 to advance national AI and data talent
Read More
Private Equities News
Calendar Icon
Dec 9, 2025
Cyberani, KPMG form strategic partnership to strengthen Saudi cybersecurity
Read More
Private Equities News
Calendar Icon
Dec 9, 2025
Capgemini unveils top five tech trends in 2026
Read More
Private Equities News
Calendar Icon
Dec 9, 2025
Evercore secures license to launch Saudi operations
Read More
Private Equities News
Calendar Icon
Dec 9, 2025
Kearney: AI spending driving strong momentum for Saudi cities
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher