Saudi Arabia to benefit from new satellite IoT services

iot squared, an Internet of things (IoT) technology company and a joint venture between Saudi Arabia’s Public Investment Fund (PIF) and stc Group (stc), has signed a Memorandum of Understanding (MoU) with OQ Technology, the global satellite telecom operator for IoT connectivity using 5G protocol. The MoU was signed by Othman Al Dahash, Chief Executive Officer of iot squared, and Omar Qaise, Founder and CEO of OQ Technology.

Through this partnership, OQ Technology will provide satellite IoT connectivity services and products to iot squared and support the technical development of its products and services. The two partners will also collaborate to identify target markets, verticals and applications that require satellite IoT services in the Kingdom and provide them with the necessary solutions.

www.oqtec.space/