{"id":85865,"date":"2026-10-29T09:02:30","date_gmt":"2026-10-29T06:02:30","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/saudi-ict-deals-q3-investments-contracts\/"},"modified":"2026-10-29T09:03:08","modified_gmt":"2026-10-29T06:03:08","slug":"saudi-ict-deals-q3-investments-contracts","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/saudi-ict-deals-q3-investments-contracts\/","title":{"rendered":"Saudi ICT Deals Report Records Major Q3 Tech Investments"},"content":{"rendered":"<p class=\"wp-block-paragraph\">The latest tracking of Saudi ICT deals highlights significant activity across enterprise technology, infrastructure financing, and institutional updates during the final week of October 2026. Telecom operator stc announced cash dividends totaling SAR 2.74 billion alongside its third-quarter financial results, according to financial data reported by <a href=\"https:\/\/www.arabictrader.com\/en\/news\/stock-market\/234252\/stc-saudi-arabia-reveals-third-quarter-results-274-billion-riyals-in-cash-dividends\" target=\"_blank\" rel=\"noopener\">\u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0639\u0631\u0628\u064a<\/a>, reflecting steady fiscal performance in the kingdom&#8217;s core <a href=\"\/category\/telecom\/\">telecom<\/a> market.<\/p><h2 class=\"wp-block-heading\">Capital funding and corporate investment<\/h2><p class=\"wp-block-paragraph\">In global cloud enterprise commitments, Snowflake announced a $300 million investment in Saudi Arabia to expand its cloud data platform presence and services in the Kingdom, as reported by <a href=\"https:\/\/www.gdnonline.com\/Details\/1410999\/Snowflake-announces-$300m-investment-in-Saudi-Arabia\" target=\"_blank\" rel=\"noopener\">Gulf Daily News (Bahrain)<\/a>. Additional press coverage stated that Snowflake plans to invest $300 million in Saudi Arabia through 2030 to strengthen its presence in the Kingdom&#8217;s digital technology market, according to <a href=\"https:\/\/aawsat.com\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/5334172-%D8%B3%D9%86%D9%88%D9%81%D9%84%D9%8A%D9%83-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A8%D9%80300-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AD%D8%AA%D9%89-2030\" target=\"_blank\" rel=\"noopener\">\u0627\u0644\u0634\u0631\u0642 \u0627\u0644\u0623\u0648\u0633\u0637<\/a>.<\/p><p class=\"wp-block-paragraph\">Meanwhile, early-stage capital saw active rounds in financial and event technology. Saudi fintech startup Vrtx raised $3.6 million in a pre-seed round to build embedded finance infrastructure, noted <a href=\"https:\/\/fintechgate.net\/254871\" target=\"_blank\" rel=\"noopener\">\u0628\u0648\u0627\u0628\u0629 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0627\u0644\u0645\u0627\u0644\u064a\u0629<\/a>. Backing for the $3.6 million round came from SC Ventures, Sadu Capital, BYLD, Suhail Ventures, F6 Ventures, TAZ Investment, and Palm Vent, according to <a href=\"http:\/\/wamda.com\/2026\/10\/saudi-vrtx-secures-3-6-million-embedded-finance-platform\" target=\"_blank\" rel=\"noopener\">Wamda<\/a>. Concurrently, Saudi eventtech startup INVE raised $300,000 in a pre-seed round led by Outliers VC to scale its event platform across the GCC, reported by <a href=\"http:\/\/wamda.com\/2026\/10\/inve-raises-300000-outliers-vc-scale-eventtech-platform-gcc\" target=\"_blank\" rel=\"noopener\">Wamda<\/a>. At the municipal level, the Eastern Province and Holy Capital municipalities awarded a total of SAR 75,000 in prizes to three projects at the closing of the Municipal Innovation Hackathon 2026, as detailed by <a href=\"https:\/\/www.alyaum.com\/articles\/6688607\/%D8%A7%D9%84%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1\/%D8%A7%D9%84%D9%85%D9%85%D9%84%D9%83%D8%A9-%D8%A7%D9%84%D9%8A%D9%88%D9%85\/%D8%A7%D9%84%D8%B4%D8%B1%D9%82%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D8%B9%D8%A7%D8%B5%D9%85%D8%A9-%D8%A7%D9%84%D9%85%D9%82%D8%AF%D8%B3%D8%A9-%D8%AA%D8%AA%D9%88%D8%AC%D8%A7%D9%86-3-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D9%85%D8%A8%D8%AA%D9%83%D8%B1%D8%A9-%D8%A8%D8%AC%D9%88%D8%A6%D8%B2-75-%D8%A3%D9%84%D9%81-%D8%B1%D9%8A%D8%A7%D9%84\" target=\"_blank\" rel=\"noopener\">Al Yaum<\/a>.<\/p><h2 class=\"wp-block-heading\">Public sector agreements and Saudi ICT deals<\/h2><p class=\"wp-block-paragraph\">Public sector procurement expanded through contracts awarded by the Saudi Data and AI Authority (SDAIA). Al-Muammar Information Systems signed a SAR 134.84 million contract with SDAIA to supply specialized devices and technologies, as noted by <a href=\"https:\/\/fintechgate.net\/255693\" target=\"_blank\" rel=\"noopener\">\u0628\u0648\u0627\u0628\u0629 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0627\u0644\u0645\u0627\u0644\u064a\u0629<\/a>. The transaction was described as a SAR 134.84 million framework contract to support data and AI infrastructure in the Kingdom by <a href=\"https:\/\/aawsat.com\/node\/5334159\" target=\"_blank\" rel=\"noopener\">Asharq Al-Awsat<\/a>. Covering data and <a href=\"\/category\/ai\/\">AI<\/a> sector development, the framework agreement was valued at SAR 134.8 million according to <a href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1947506\" target=\"_blank\" rel=\"noopener\">\u0627\u0631\u0642\u0627\u0645 : \u0627\u062e\u0628\u0627\u0631 \u0648\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0633\u0648\u0642 \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u0633\u0639\u0648\u062f\u064a &#8211; \u062a\u0627\u0633\u064a<\/a>, and was detailed as part of government digital technology projects by <a href=\"https:\/\/jawlah.co\/en\/67203\" target=\"_blank\" rel=\"noopener\">jawlah.co<\/a>.<\/p><p class=\"wp-block-paragraph\">In a separate transaction recorded this week, MIS signed a SAR 86.13 million project contract with SDAIA, as confirmed by <a href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1947288\" target=\"_blank\" rel=\"noopener\">\u0627\u0631\u0642\u0627\u0645 : \u0627\u062e\u0628\u0627\u0631 \u0648\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0633\u0648\u0642 \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u0633\u0639\u0648\u062f\u064a &#8211; \u062a\u0627\u0633\u064a<\/a>. This contract adds directly to enterprise procurement and institutional compute resources.<\/p><h2 class=\"wp-block-heading\">Digital platform updates and services<\/h2><p class=\"wp-block-paragraph\">Government services also expanded linguistic reach for users across the country. The General Organization for Social Insurance (GOSI) added seven languages, including Urdu, Bengali, and Indonesian, to its website and <a href=\"\/category\/apps\/\">app<\/a> to make its digital services easier for non-Arabic speakers, reported <a href=\"https:\/\/saudigazette.com.sa\/article\/665799\/saudi-arabia\/urdu-bengali-indonesian-among-7-languages-added-to-gosi-website-and-app\" target=\"_blank\" rel=\"noopener\">Saudi Gazette<\/a>.<\/p><h2 class=\"wp-block-heading\">Academic and technical training programs<\/h2><p class=\"wp-block-paragraph\">Workforce development initiatives accompanied new Saudi ICT deals across academic entities. SDAIA opened registration for its AI scholarship program, enabling participants to join top 50 global universities in AI specializations, according to an update posted on <a href=\"https:\/\/x.com\/SDAIA_SA\/status\/2115462794732556547\" target=\"_blank\" rel=\"noopener\">X @SDAIA_SA<\/a>. In addition, the Islamic University launched a new academic program in robotics engineering and artificial intelligence to build national talent in these fields, according to <a href=\"https:\/\/www.spa.gov.sa\/link\/MC3m\" target=\"_blank\" rel=\"noopener\">SPA (English)<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>A weekly review of ICT contracts and capital deals across Saudi Arabia, covering stc dividends, Snowflake funding, SDAIA awards, and public service launches.<\/p>\n","protected":false},"author":2,"featured_media":85864,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"{\"x_hook\":\"Snowflake committed $300M in Saudi Arabia through 2030 alongside SAR 2.74B in stc Q3 dividends and SAR 220M+ in MIS awards from SDAIA.\",\"x_takeaways\":\"Key Details:\\n\ud83d\udd39 stc declared SAR 2.74 billion in third-quarter cash dividends\\n\ud83d\udd39 Snowflake announced $300 million investment through 2030\\n\ud83d\udd39 MIS secured SAR 134.84M and SAR 86.13M SDAIA tech contracts\\n\ud83d\udd39 Vrtx raised $3.6M pre-seed while INVE secured $300K pre-seed\\n\ud83d\udd39 GOSI app added 7 languages including Urdu and Indonesian\"}","_yoast_wpseo_opengraph_title":"Saudi ICT Deals Report Records Major Q3 Tech Investments","_yoast_wpseo_opengraph_description":"Review the latest Saudi ICT deals, including $300M Snowflake investment, stc dividends, MIS agreements with SDAIA, and academic initiatives.","_yoast_wpseo_opengraph_image":"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2026\/10\/saudi-ict-deals-weekly-investments.webp","_yoast_wpseo_opengraph_image_id":85864,"_yoast_wpseo_twitter_title":"Saudi ICT Deals Report Records Major Q3 Tech Investments","_yoast_wpseo_twitter_description":"Weekly review of Saudi ICT deals, covering Snowflake, stc, MIS, and 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