Saudi Arabia’s business environment has drawn interest from both domestic and international startups, with many expanding businesses aiming to get into the lucrative market.
The Kingdom has witnessed the initiation of expansion efforts by entrepreneurs across diverse sectors since the start of 2024.
Singaporean firm Dyna.AI has expressed interest in Saudi Arabia in the field of artificial intelligence and is presently registering domestically.
Dyna.AI, which has operations in seven nations, is refocusing on the Saudi fintech industry with the goal of opening a local office and creating a footprint there.
“We intend to finish obtaining our registration within the upcoming quarter, and we are now working toward that goal. Tomas Skoumal, chairman of Dyna.AI, told Arab News, “We are looking forward to having a physical presence very soon. The feedback from our partners in Saudi Arabia has been extremely encouraging.”
The company’s long-term goal is to have an impact on Saudi financial services, which stands to gain a great deal from AI developments. Dyna. Establishing a strong local presence and collaborating closely with governmental organizations are key components of AI’s expansion plan in Saudi Arabia.
Also Read:
Non-Oil Exports from Saudi Arabia are Rising as Commercial Relations With China Strengthen
“Gunjal Entangled” has its Saudi Debut at the Pakistan Embassy
