{"id":18899,"date":"2021-01-17T17:52:01","date_gmt":"2021-01-17T14:52:01","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=18899"},"modified":"2026-03-27T20:13:50","modified_gmt":"2026-03-27T17:13:50","slug":"ministry-of-investment-of-saudi-arabia-announces-largest-huawei-flagship-store-outside-of-china-to-open-in-riyadh","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/ministry-of-investment-of-saudi-arabia-announces-largest-huawei-flagship-store-outside-of-china-to-open-in-riyadh\/","title":{"rendered":"MINISTRY OF INVESTMENT OF SAUDI ARABIA ANNOUNCES LARGEST HUAWEI FLAGSHIP STORE OUTSIDE OF CHINA TO OPEN IN RIYADH"},"content":{"rendered":"\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/saudishopper.com.sa\/ar\/?p=35418\" target=\"_blank\" rel=\"noreferrer noopener\">\u0639\u0631\u0628\u064a<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Chinese tech giant Huawei signs lease agreement to open the largest store outside of China in Saudi Arabia\u00a0<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>The announcement cements the company\u2019s commitment to developing the Kingdom\u2019s ICT capacity and expertise, building on a 20-year market presence<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>New flagship store is the latest addition to growing Saudi retail and real estate offering<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Riyadh, KSA \u2013 January 15, 2021:<\/strong>\u00a0Huawei,\u00a0a leading global provider of information and communications technology (ICT) infrastructure and smart devices,\u00a0announced today the signing of a leasing contract with Kaden Investment of the largest flagship store for Huawei outside of China. The new agreement was signed at the Ministry of Investment (MISA) headquarters in Riyadh on 5th\u00a0January 2021 in H.E. Eng. Khalid Al-Falih, Minister of Investment of Saudi Arabia.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The announcement further cements Huawei\u2019s commitment to Saudi Arabia, where it has been present for 20 years. In addition to providing cutting-edge communications technology solutions across various industries, Huawei smartphones are enjoyed by millions of users throughout the Kingdom.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Huawei\u2019s new flagship store will offer a rich full-scenario experience, enabling customers to truly experience how ubiquitous connectivity will seamlessly integrate 5G and artificial intelligence (AI) into every aspect of their daily life. The store will allow Huawei direct access to consumers who have a rapidly increasing demand for cutting-edge digital products and services as Saudi Arabia undergoes a significant digital transformation, driven by Vision 2030. As a result, internet usage in the Kingdom is expected to increase, rising to 82.6% of the population in 2022 from 73.2% in 2017.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Speaking on the announcement<strong>&nbsp;H.E. Eng. Khalid Al-Falih, Minister of Investment of Saudi Arabia<\/strong>, said: \u201cToday\u2019s agreement is a symbol of how long-term and mutually beneficial investment partnerships are vital to Saudi Arabia\u2019s ongoing national development.&nbsp;Huawei is one of the Kingdom of Saudi Arabia\u2019s most valued and long-standing digital partners and was ahead of the curve in recognizing the investment potential of the Kingdom\u2019s telecom sector.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/H-k-Signing-Ceremony-1-.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/H-k-Signing-Ceremony-1--1024x683.jpg\" alt=\"H&amp; k Signing Ceremony 1\" class=\"wp-image-18901\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/H-k-Signing-Ceremony-1--1024x683.jpg 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/H-k-Signing-Ceremony-1--300x200.jpg 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/H-k-Signing-Ceremony-1--768x512.jpg 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/H-k-Signing-Ceremony-1--1080x720.jpg 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/H-k-Signing-Ceremony-1-.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>His Excellency, the Minister<\/strong>\u00a0also emphasized how attracting investment in critical sectors of the future such as ICT, AI technology, energy, and entertainment, is vital to the Kingdom\u2019s future prosperity. Recognizing Huawei\u2019s contributions in these areas,\u00a0<strong>His Excellency<\/strong>\u00a0concluded: \u201cHuawei has played an instrumental role in Saudi Arabia\u2019s development, collaborating with government and private enterprises to enhance our nation\u2019s technological infrastructure.\u00a0It\u00a0continues to share our commitment to talent development, innovation, and ambition, the values which underpin Vision 2030. We look forward to witnessing the progress of today\u2019s exciting new addition to Riyadh\u2019s retail offering and Saudi Arabia\u2019s wider technological landscape.\u201d\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>H.E Eng\u00a0Minister of Communications and Information Technology, Abdullah Bin Amer AlSawaha, said:\u00a0\u201cThis strategic partnership with Huawei is part of <\/strong>Saudi Arabia\u2019s efforts to attract international partnerships which strengthen our position as a leading investment force in the Middle East and North Africa, a hub for innovation and entrepreneurship and a \u2018digital link\u2019 that connects three continents.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Terry HE, CEO of Huawei Tech Investment Saudi Arabia<\/strong>, added: \u201cIt gives me great pleasure to announce the next step in Huawei\u2019s commitment to the Kingdom of Saudi Arabia to open the largest Huawei flagship store in the overseas market. This will provide customers an unprecedented immersive full-scenario experience. Saudi Arabia is an important market for us, and we are dedicated to providing the very best communications technology to the Kingdom, as well as to investing in the growth of the local ICT ecosystem.\u201d&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the other hand<strong>, Kaden Investment CEO Eng. Abdullah AlFassam<\/strong>\u00a0has affirmed the importance of the foreign investment for Riyadh Front and confirmed that Kaden Investment always has Focused on providing the best real estate projects that fulfill all needs of the international companies, which will enrich Kaden &amp; Riyadh Front customer experience. He also praised the Ministry of Investment&#8217;s exceptional role in facilitating this agreement and praised the attention that his excellency the Minister of Investment and his team have put into making this successful agreement happen.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In line with its economic diversification plan Vision 2030, Saudi Arabia is enacting an expansive series of pro-business improvements that reduce barriers to market entry and open up advantageous investment opportunities in sectors such as ICT and telecoms. As a central driver of Vision 2030 reforms, the Kingdom\u2019s telecoms industry is now the fastest growing in the MENA region and the world\u2019s thirteenth largest market, currently valued at US$20bn but set to reach US$35bn by 2030.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Huawei\u2019s flagship store will be located in Riyadh Front, a shopping, entertainment, and business destination. Owned by the developer and lease co-signee Kaden Investment, Riyadh Front is one of the latest additions to Saudi Arabia\u2019s growing retail and commercial real estate landscapes, both of which have been prioritized for development line with Vision 2030 objectives to stimulate private sector growth. As an emerging sector, real estate represented one of the leading sources of new foreign investment projects in the Saudi market in Q3 2020, with retail investment also experiencing a rapid 575% quarter-on-quarter expansion in Q3 despite challenging global economic conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese tech giant Huawei signs lease agreement to open the largest store outside of China in Saudi Arabia\u00a0 The announcement cements the company\u2019s commitment to developing the Kingdom\u2019s ICT capacity and expertise, building on a 20-year market presence New flagship store is the latest addition to growing Saudi retail and real estate offering Riyadh, KSA [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":18900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":22,"_extra_hide_author_box":"","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-18899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecom","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Huawei flagship store - Riyadh opening | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Huawei flagship store announced for Riyadh. 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