Riyadh - Sharikat Mubasher: Rqeem for Smart Solutions, the digital arm of Royal Commission for Jubail and Yanbu (RCJY), signed a memorandum of understanding (MoU) with Torry Harris Business Solutions to launch an AI-powered digital marketplace that will accelerate industrial transformation and attract new investment to Saudi Arabia.
This agreement, announced at the Industrial Transformation of Saudi Arabia event, positions Raqeem as RCJY’s innovative IT enabler, creating a government-backed platform that connects SMEs, major industrial players, and global investors through a single digital ecosystem, the company announced in a press release today.
Under the MoU, Torry Harris becomes Rqeem’s digital transformation partner, delivering a configurable, white-label marketplace that uses AI and API-driven integration to match supply and demand in real time across industrial sectors.
The platform will democratize access to advanced digital tools once limited to large enterprises, directly supporting the Ministry of Industry’s Vision 2030 objectives.
Commenting on the partnership, Bader Abduallah Alanazi, Sales and Marketing Director at Rqeem for Smart Solutions, said: “Through this partnership, we look forward to exploring new opportunities for collaboration in Information Technology and Artificial Intelligence, and to further supporting digital transformation across the industrial sector."
In turn, Shivdayal Charan, Director at Torry Harris Middle East, stated: “This partnership is about closing the technology gap between big enterprises and SMEs. We are giving smaller industrial firms access to the same AI-driven insights, real-time intelligence, and seamless integration capabilities that global players rely on - so they can compete, innovate, and grow in today’s digital economy.”
The AI-powered marketplace is structured as a 24/7 global portal where investors can search, filter, and be algorithmically matched with qualified Saudi partners for joint ventures, technology collaborations, or specialized industrial services. For SMEs and local industrial players, it provides a government-backed space to showcase capabilities and connect with larger manufacturers.