(PHOTOS) Kenya, Saudi Arabia agree on joint investment in tech startups

In Summary

The deal comes after Trade and Investment CS Moses Kuria on Monday met with officials from ELM, led by the CEO, Dr Abdulrahman AlJadhai.
ELM is the leading company in digital solutions.

by SHARON MWENDE

02 January 2023 - 18:18

Trade CS Moses Kuria withe the Al-Elm Information Security Co. CEO Dr. Abdulrahman AlJadhai of Saudi Arabia on January 2, 2023.
Image: MOSES KURIA/TWITTER

Kenya and Saudi Arabia have agreed on a joint partnership on investment in tech startups.

This is part of digital transformation and utilization of digital talent for mutual benefit.

Trade CS Moses Kuria with the Al-Elm Information Security Co. team in Saudi Arabia on January 2, 2023.
Image: MOSES KURIA/TWITTER

The deal comes after Trade and Investment CS Moses Kuria on Monday met with officials from ELM, led by the CEO, Dr Abdulrahman AlJadhai.

ELM is the leading company in digital solutions.

Trade CS Moses Kuria at ELM, Saudi Arabia, on January 2, 2023.
Image: MOSES KURIA/TWITTER

Other ELM officials present were Dr Jehad Baker- Director of International Unit, Fahad Al-Shathry -Vice President of investment, Raed Marouf -Executive Manager of Corporate Ventures and Faisal Alnumai, Business Analyst International Unit.

Trade CS Moses Kuria with the Al-Elm Information Security Co. team in Saudi Arabia in January 2,2023.
Image: MOSES KURIA/TWITTER

Kuria has in the recent past held meetings with Middle East companies to increase trade cooperation with Kenya.

On December 29, he met with Abu Dhabi investors in Dubai.

"We discussed a partnership with the Kenya Development Corporation to jointly undertake Real Estate Development, Nairobi Financial District and Affordable Housing," he said.