Saudi Arabia’s Business Landscape Attracts Global Companies
In the vibrant business landscape of Saudi Arabia, regional and global companies are finding opportunities to establish a local presence and tap into the growing market.
DXwand’s Strategic Move to Riyadh
Egypt-born generative artificial intelligence startup, DXwand, is taking bold steps to connect with its clients by setting up a local team on the ground. CEO Ahmed Mahmoud shared insights into the company’s plan to establish an office in Riyadh by mid-year.
Expanding Horizons with Local Partners
Mahmoud emphasized DXwand’s commitment to delivering value and impact quickly by forging partnerships with local companies in technology and other industries. The company’s expansion strategy aligns with Saudi Arabia’s Vision 2030, focusing on economic diversification and digital transformation.
Collaborating for Success
DXwand is collaborating with partners like AstroLabs to leverage its AI technology in Saudi Arabia. Mahmoud highlighted the importance of working with government bodies to enhance sector services and ensure regulatory compliance.
Driving Innovation in Saudi Arabia
DXwand’s AI solutions align with Saudi Arabia’s goals of enhancing digital infrastructure, improving government services, and fostering innovation. The company sees significant opportunities in sectors like healthcare, education, financial services, and tourism in the Saudi market.
Financial Growth and Expansion
DXwand has raised $6.7 million in funding since its inception, with plans to use part of the latest investment for its expansion in Saudi Arabia. The company’s platform, DXP, offers cost-effective solutions for AI challenges in the market.
Strategic Vision for Growth
Mahmoud’s vision for DXwand includes maintaining steady growth, delivering impactful initiatives, and launching new products leveraging generative AI technology. The company’s focus on customer experience and profitability drives its success in the dynamic Saudi Arabian market.