Industry Updates

'SAMENA Daily' - News

Saudi Ministry of Investment, tech firm Endava sign MoU to propel digitalization efforts

Saudi businesses will be brought up to speed on global best practice in the digital sphere thanks to an agreement between the Kingdom and a London-based firm.

The Kingdom’s Ministry of Investment signed a memorandum of understanding with Envada to support the government’s economic vision by offering advisory, consultation, and implementation services, according to a statement.

The newly signed agreement will also help the private and public sectors adapt their digital offerings and processes, and will also help train technology professionals.

This move falls in line with the ministry’s ongoing effort to enable international firms to establish operations in the Kingdom, supporting a tech shift in line with Saudi Vision 2030.

“We commend the ministry on the work it is doing to afford global-leading technology companies like Endava an unmissable opportunity to actively shape the digital future of Saudi Arabia at this critical inflection point in the Kingdom’s advancement,” Managing Director of MENA Endava David Boast said.

“Our partnership with them is further validation of Endava’s unwavering commitment to Saudi Arabia and its people,” Boast added.

He went on to stress: “With our mission of making a profound and lasting positive impact on the societies and economies which we serve, such close collaboration with leading government entities is fundamental to our ambitions.”

Over the last two years, Endava has been making investments in an attempt to bolster its presence in Saudi Arabia as it engages with the Kingdom’s largest players across industries including banking, finance, energy, among others.