ARTIFICIAL INTELLIGENCE-

London-based Rezolve AI will set up an AI center of excellence in the Kingdom after the company inked an agreement with the Investment Ministry, according to a statement by Rezolve AI yesterday. The partnership aims to create at least five AI ventures in various sectors, with the ventures set to be funded and headquartered locally. They will use Rezolve’s advanced AI Large Language Model, known as brainpowa, to help drive innovation.

That’s not all: The Investment Ministry help “facilitate the participation of leading public and private finance and corporate institutions” to anchor and support Rezolve AI’s upcoming Nasdaq listing, the statement said, without providing further details.

PROCUREMENT-

Lana Medical has secured a SAR 8 mn contract to restore and furnish the buildings of thePeninsula Shield Forces — the military arm of the Gulf Cooperation Council — in Hafar Al-Batin, it said in a disclosure to Tadawul.

CONSTRUCTION-

Internet of Things for the construction sector: Homegrown construction-tech company Wakecap has signed an agreement with Singapore’s field management software provider Novade Solutions to integrate the latter’s IoT tech into the local construction sector, according to a press release.

Not the first mover: PIF-backed real estate developer Roshan signed an agreement with the Saudi Federation for Cybersecurity, Programming and Drones to explore technologies to establish smart buildings using network solutions and IoT technologies earlier this week.

INFRASTRUCTURE-

New shipping service comes to King Abdulaziz Port: Mawani has added a new shipping service, dubbed IMS, to its King Abdulaziz Port in Dammam, according to a statement from the national port authority. The new service will link the port to Kelang (Malaysia), Surabaya (Indonesia), Nhava Sheva (India) and Jebel Ali, offering a capacity of 1.8k standardized containers. VAsi Shipping will operate the route via weekly voyages.

PUBLIC RELATIONS-

London and Dubai-based PR firm Katch International has set up shop in Riyadh, opening its first office in the Kingdom last week as it pushes ahead with its expansion in the region, according to a company statement. The PR firm’s client list includes companies in the hospitality, lifestyle and real estate sectors, among others.

It’s no stranger to the Kingdom: Katch has run several campaigns and events in the Kingdom without a physical office, including for Address Jabal Omar Makkah, the Riyadh-hosted Global Restaurant Investment Forum last year and K-pop BTS’s first concert in town.

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