GLO Ventures, an investment holding company, and Riyadah Solutions, a digital solutions provider, have announced a strategic joint investment to develop a comprehensive smart mobility platform in Saudi Arabia. The collaboration aims to accelerate the future of digital transportation with advanced solutions originating from Riyadh for global markets.
An Integrated Platform for Modern Mobility
The investment is targeted at creating a unified platform that will offer a wide range of services designed to modernize transportation. Key features include advanced fleet management, diverse vehicle rental models such as traditional, car-sharing, and self-service options, alongside sophisticated telematics and remote vehicle control capabilities.
Aligning with Vision 2030
This initiative directly supports the objectives of Saudi Vision 2030 by driving digital transformation and industrial leadership within the Kingdom. The platform is designed to significantly enhance operational efficiency for businesses, improve the end-user experience, and foster a robust local innovation ecosystem in the mobility sector.
Building a Connected Ecosystem
A central focus of the joint project is the construction of a sophisticated technological infrastructure that seamlessly connects vehicles, management systems, and users. This interconnected network will enable the automation of vehicle fleets and activate Internet of Things (IoT) solutions, positioning the platform at the forefront of the evolving mobility industry.
About GLO Ventures
GLO Ventures is a Saudi-based investment holding company that focuses on building and scaling innovative ventures across various sectors. The firm is committed to creating value and driving growth by investing in transformative technologies and business models that align with the Kingdom’s economic development goals.
About Riyadah Solutions
Riyadah Solutions is a digital solutions company based in Saudi Arabia that specializes in providing advanced technological services. The company works to develop and implement innovative solutions that help organizations achieve digital transformation and operational excellence.
Source: Jawlah
