FPT lands its regional headquarters in Saudi Arabia

GHADA.ISMAIL

Oct 31, 2024

Vietnam's FPT to expand its footprint in Kingdom

Riyadh – Sharikat Mubasher: FPT, one of the largest information technology service companies in Vietnam, announced the inauguration of its regional headquarters in Riyadh, Saudi Arabia, as part of its global expansion strategy to meet the rising demand for digital services and solutions.

The inauguration ceremony was held within the framework of the Vietnamese Prime Minister's working visit to Saudi Arabia where he attended the 8th Future Investment Initiative (FII) Conference, according to the company’s press release.

This is the first Vietnamese enterprise authorized for regional operations in Saudi Arabia, the capital of the largest economy in the Gulf region.

Addressing the ceremony, the Prime Minister welcomed FPT's inauguration of the office in the Middle East, expressing gratitude to the Saudi Arabian agencies for their support and assistance for FPT.

Rimah Ghaddar, FPT Software Middle East Chief Executive Officer added: "Our new regional headquarters symbolizes our firm commitment to Saudi Arabia's journey to becoming the Middle East's leading technology hub. FPT remains steadfast with our commitment to enabling speed, agility, and scalability for our regional customers and promoting cross-border collaborations".

FPT's strategic focus on AI, integrated into all its services and solutions, aligns with Saudi Arabia's Vision 2030, which aims to diversify the economy, foster innovation, and enhance public services through technological advancements.

Since establishing its first office in the Middle East in 2020, FPT has rapidly expanded its footprint, experiencing significant growth with key clients across various sectors.

Leveraging its global expertise and technology, FPT is poised to drive transformative change and contribute to the Kingdom's and the region's ambitious development goals, while strengthening global partnerships and building strong regional collaborations.

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Riyadh - Sharikat Mubasher: Savvy Games Group, the Saudi gaming and e-sports company owned by the Public Investment Fund (PIF), signed a memorandum of understanding (MoU) with Alfaisal University to foster local talent entering the Saudi gaming industry.Under the MoU, both entities will launch a new Game Design program that will be delivered by Alfaisal University in partnership with Savvy Academy, Savvy’s flagship talent development initiative, according to the official statement.The collaboration includes developing curriculum and industry insight, and enhancing training facilities, including advanced hardware and laboratory upgrades.Majed Al-Muhanna, Chief Human Resources Officer of Savvy Games Group, said: “Through Savvy Academy, we are creating educational pathways that help students progress to professional careers in game development. This supports the National Gaming and Esports Strategy and Vision 2030’s ambition to establish Saudi Arabia as a global hub for games.”Savvy Group is committed to driving long-term growth and innovation in the games and esports industry through strategic acquisitions, investments, and partnerships. It manages a substantial $38 billion fund dedicated to bolstering this growing sector.In January, the PIF-owned group signed an MoU with NEOM to nurture Saudi gaming startups from incubation to acceleration.

Riyadh Air partners with Mastercard to reshape global travel experience

Riyadh - Sharikat Mubasher: Saudi Arabia’s new world-class airline, Riyadh Air, formed a strategic partnership with Mastercard to elevate the global travel experience for people and businesses.The partnership aims to introduce a wide range of innovations spanning consumer payments, premium airport experiences, and next-generation B2B travel payments, the airline announced in a press release today.As part of this collaboration, Riyadh Air will launch Riyadh Air-branded Mastercard credit and prepaid cards, enabling cardholders to earn flights, upgrades, lifestyle rewards, and exclusive experiences, all seamlessly embedded within the Riyadh Air ecosystem.Set to roll out to Saudi residents in late 2026, the cards will be fully integrated into the Riyadh Air mobile application, enabling guests to apply, activate, manage features, and track rewards effortlessly.Adam Boukadida, Chief Financial Officer at Riyadh Air, affirmed that the partnership will allow Riyadh Air to deliver exceptional journeys for our guests around the world. “Our deep collaboration with Mastercard clearly reflects not only our commitment to be a digital native airline but strong confidence in our future trajectory. It allows us to build a travel experience that is seamless, digital, and distinctly differentiated,” he said.In turn, Dimitrios Dosis, President for Eastern Europe, the Middle East, and Africa at Mastercard, stated that the partnership underscores Mastercard’s role in creating meaningful solutions, paving the way for smart, secure, and seamless payments. “Together with Riyadh Air, we are creating an integrated digitally-native ecosystem that delivers value at every touchpoint, for guests, travel agents, airlines, and hospitality partners, while reinforcing Saudi Arabia’s role as a global travel hub.”Riyadh Air and Mastercard will also establish a joint center of excellence focusing on agentic innovation, shared data insights, and upskilling the next generation of talent.The hub will leverage cutting-edge technologies and real-world use cases to design, test, and scale new solutions, ultimately helping both entities to respond rapidly to market needs.

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FPT lands its regional headquarters in Saudi Arabia

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