Raqeem Smart Solutions, the digital arm of Saudi Arabia’s Royal Commission for Jubail and Yanbu (RCJY), has signed a strategic Memorandum of Understanding with Torry Harris Business Solutions to launch an AI-powered digital business ecosystem. The new platform is designed to accelerate industrial transformation and attract new investment into the Kingdom.
Announced during the “Industrial Transformation in Saudi Arabia” exhibition in Riyadh, the agreement positions Raqeem as a key enabler of IT and innovation for the RCJY. The government-backed platform will connect small and medium-sized enterprises (SMEs), major industrial players, and global investors through a unified digital framework.
A Strategic Push for Industrial Transformation
This partnership aims to create a dynamic digital environment that supports the goals of Saudi Vision 2030 by leveraging cutting-edge technology to enhance the industrial sector’s competitiveness. Torry Harris will serve as Raqeem’s digital transformation partner, providing a ready-made digital business platform that utilizes AI and API integration to instantly match supply and demand across various industries.
Bader Abdullah Al-Enezi, Director of Sales and Marketing at Raqeem Smart Solutions, commented on the collaboration, stating, “Through this partnership, we seek to explore new opportunities for cooperation in the fields of information technology and artificial intelligence, and to contribute to supporting the digital transformation within the industrial sector.”
Bridging the Tech Gap for SMEs
A core objective of the new platform is to democratize access to advanced digital tools, which were previously accessible only to large corporations. This initiative aims to level the playing field for SMEs, empowering them to compete more effectively in the digital economy.
“This partnership aims to bridge the technology gap between large corporations and SMEs by providing the same AI-powered analytics, real-time data, and seamless integration capabilities that global companies rely on,” said Shivdhyal Charan, Regional Director for the Middle East at Torry Harris. “This enables smaller companies to compete, innovate, and grow in the current digital economy landscape.”
A 24/7 Gateway for Global Investors
The AI-driven platform is designed to function as a 24/7 global gateway, allowing investors to search, filter, and algorithmically match with qualified Saudi partners for joint ventures, technical collaborations, and specialized industrial services. It features a unified recommendation engine that showcases local companies based on their specialization, capacity, and readiness level to potential partners anywhere in the world.
For local SMEs and industrial entities, the platform provides a government-supported space to showcase their capabilities and connect with major manufacturers. As more participants join, network effects are expected to enhance the quality of matchmaking and boost the overall competitiveness of Saudi industrial clusters.
About Raqeem Smart Solutions
Established by the Royal Commission for Jubail and Yanbu (RCJY), Raqeem Smart Solutions is a digital solutions provider in Saudi Arabia focused on facilitating and accelerating digital transformation. Raqeem works closely with government entities and industrial sectors to deliver world-class technology solutions aligned with the national digital transformation agenda.
About Torry Harris Business Solutions
Torry Harris is a global leader in API-driven digital transformation, platform engineering, and digital ecosystem development. The company enables organizations to accelerate their digital transformation, explore new revenue streams, and expand their operations through future-ready technology platforms.
Source: Zawya
