Saudi Arabia’s PIF partners with STC to launch IoT company – The National

Saudi Arabia’s PIF partners with STC to launch IoT company – The National

Public Investment Fund, Saudi Arabia's sovereign wealth fund, is partnering with Saudi Telecom Company, the kingdom’s largest mobile operator by market value, to establish an Internet of Things (IoT) company.

Based in Riyadh, the new company will contribute towards accelerating the IoT adoption in the Arab world's biggest economy, the entities said in a joint statement on Friday.

The company will create significant business opportunities, high quality jobs and improve productivity and efficiency for entities adopting IoT solutions in their operations