Riyadh - Sharikat Mubasher: Movandi, the semiconductor and systems innovator powering next-generation wireless communications, announced its formal expansion into Saudi Arabia under the National Technology Development Program’s (NTDP) Relocate Initiative, a flagship national program designed to attract and scale the world’s leading deep-tech companies.
As part of the initiative, Movandi will establish a strategic hub in Riyadh to support national priorities in digital infrastructure, AI readiness, and semiconductor development and drive the deployment of high-performance wireless fabrics across the MENA region, the company announced in a statement today.
By selecting Movandi, the NTDP underscores the critical need for advanced wireless architectures that can support the massive data requirements of Vision 2030.
Ibrahim Neyaz, CEO of NTDP, said: “The Relocate initiative is designed to bring the world’s most advanced deep-tech innovators to Saudi Arabia, companies that can meaningfully contribute to the Kingdom’s digital and industrial transformation. Movandi exemplifies this ambition. Their breakthrough wireless and RF technologies address core national priorities, including next-generation connectivity and the data infrastructure required to scale artificial intelligence.”
He affirmed that Movandi’s presence in Saudi Arabia will strengthen the Kingdom’s semiconductor and connectivity capabilities and accelerate the development of a globally competitive technology ecosystem.
Meanwhile, Maryam Rofougaran, CEO and Co-Founder of Movandi, commented: “Saudi Arabia is currently leading the world in ambitious infrastructure and technology projects. Combined with our activities in Oman, this incentive accelerates the deployment of intelligent wireless systems aligned with the regional market drivers, solving complex connectivity challenges to enable a truly smart, data-driven future.”
The Relocate initiative is a sovereign incentive program designed to strengthen Saudi Arabia’s technological capabilities by attracting leading global deep-tech companies to establish substantial operations in Saudi Arabia. It supports strategic national priorities in digital infrastructure, AI readiness, and semiconductor development.