🚀 Hedera (HBAR) Expands with Strategic Partnerships in the Gulf Region! 🌍
1️⃣ Saudi Arabia Partnership:
Hedera has entered into a strategic five-year partnership worth $250 million with the Saudi Arabian Ministry of Investment (MISA) to establish a “DeepTech Venture Studio” in Riyadh. This studio aims to support over 500 companies in developing cutting-edge technologies like AI, blockchain, robotics, IoT, VR, and quantum computing. This initiative aligns with Saudi Vision 2030, which aims to diversify the Kingdom’s economy beyond oil. The studio will provide technical support, training, regulatory compliance, and venture capital investments.
2️⃣ UAE Partnership:
Through the HBAR Foundation, Hedera has partnered with UAE-based blockchain consultancy DECA4 to enhance its technology adoption in the region. A key project under this partnership is the creation of a diamond supply chain platform for Al Nakheel Jewellers, a UAE-based diamond retailer. This platform will allow consumers to track the provenance and journey of their diamonds, marking the first project in the region funded by the HBAR Foundation.
These strategic moves underscore Hedera’s growing presence in the Gulf region, aiming to foster technological innovation and accelerate the adoption of Web3 and blockchain technologies.
💡 HBAR’s potential is undeniable!
For more information: Hedera Official Site