On Friday, the Saudi government said: a company Chinese technology Huawei plans to set up a flagship store in Riyadh, the largest of its kind outside of China.
The statement said: Huawei signed a lease agreement with the Saudi Caden Investment Company for the store, which allows the Chinese company to have direct access to consumers amid the increasing demand for digital products and services in the Kingdom, without specifying the opening date.
The Saudi Ministry of Investment said in a statement: Saudi Arabia expects to increase internet usage in the kingdom from coverage of 82.6% of the population in 2022 from 73.2% in 2017.
This agreement is the first investment for this year and aims to achieve more global successes in the Riyadh Front project, in line with Vision 2030.
And Saudi Investment Minister Khalid Al-Falih announced the launch of Huawei, its largest store outside of China Tweet On Twitter: I am pleased to announce that Huawei will launch its largest store outside of China in the Riyadh Front area.
Al-Falih considered that Huawei’s agreement with the Saudi Caden Investment Company is another important pillar of Huawei’s investment journey in the Kingdom of Saudi Arabia.
Last year, the Saudi Authority for Data and Artificial Intelligence signed a memorandum of understanding to identify the Arabic language and personality using artificial intelligence technology, with the help of researchers from the Kingdom and Huawei.
The United States asked allies not to use Huawei’s technology to build new fifth-generation communications networks due to concerns that it could be a Chinese espionage tool, an accusation the company denied.
Some telecom companies in the Gulf countries, including the Zain KSA unit of Zain, signed deals to use Huawei’s 5G technology.
I was pleased to sponsor the signing of the agreement between Huawei @Huawei And the @Kadeninvest To open the largest Huawei flagship store outside China in Riyadh @RiyadhFront Which is an important step in Huawei’s investment journey in the Kingdom. # InvestSaudi pic.twitter.com/1QHw7D8YsF
– Khaled Al-Falih | Khalid Al Falih (@Khalid_AlFalih) January 14, 2021