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HomeBusinessMarhaba Blockchain Teams Up with DEC for Tech Advancement

Marhaba Blockchain Teams Up with DEC for Tech Advancement

New Partnership Aims to Revolutionize Saudi Digital Space

May 10, 2024
in Business, Vision 2030
Reading Time: 1 min read
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Marhaba Blockchain Information Systems (MRHB), a trailblazer in web3 infrastructure from Saudi Arabia, has announced a strategic partnership with the country’s esteemed Digital Economy Centre (DEC). The alliance focuses on the development and implementation of Distributed Ledger Technology (DLT) and Artificial Intelligence (AI), initiatives that align with the technological ambitions of Vision 2030.

Innovative Initiatives Ahead
MRHB’s founder, Naquib Mohammed, has expressed that the partnership will spawn numerous opportunities to deploy Blockchain solutions for public sector entities in the kingdom. DEC’s CEO, Dr. Hasan Al Ameer, also emphasized the importance of introducing MRHB’s pioneering products and services to Saudi businesses, highlighting the platform’s unique shariah compliance as a perfect fit for the Kingdom.

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A Visionary Future
Both MRHB and DEC are committed to exploring and advancing potential projects that are in line with Vision 2030’s goals, aiming to introduce cutting-edge solutions in Saudi Arabia. The collaboration is a significant step towards establishing a digital economy in the Kingdom.

MRHB, known for its ethical, Shariah-compliant solutions within the decentralized finance arena, offers innovative services through its Sahal Wallet and other platforms. Meanwhile, DEC is a leading institution in Riyadh that promotes the digital transformation of Saudi Arabia’s economy, in harmony with Vision 2030.

Tags: artificial intelligenceBlockchainsaudi arabiaShariah-compliantVision 2030
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