SDAIA Signs MoC with Japanese Company NEC to Develop AI Solutions

SPA
SPA
TT

SDAIA Signs MoC with Japanese Company NEC to Develop AI Solutions

SPA
SPA

The Saudi Data and Artificial Intelligence Authority "SDAIA" signed a Memorandum of Cooperation (MoC) in the fields of artificial intelligence (AI), biometrics, and "Internet of Things" with the Japanese company NEC, during the Saudi-Japanese round table meeting, organized by the Ministry of Investment in Jeddah, in the presence of the Japanese Prime Minister Fumio Kishida during his visit to the Kingdom Sunday.

Deputy Director of the National Information Center in SDAIA Mashari bin Ibrahim Al-Mashari represented “SDAIA” in the signing of the MoC, and the Senior Vice President of the company NEC, Naoki Yoshida, on behalf of it, SPA reported.

The MoC aims to discuss opportunities of mutual interest between the two sides and support innovation and innovative solutions for a number of applications such as; smart and safe cities, health applications, and logistics applications.

The memorandum will strengthen the " SDAIA " efforts in efficiently experimenting with technical solutions, leading the national trend for data and artificial intelligence, and achieving Saudi Vision 2030 to promote the Kingdom to data-based economies and enabling initiatives related to data and artificial intelligence.



Tesla Signs Deal for First India Showroom to Sell Imported EVs

Tesla cars are seen at a showroom for the US electric vehicle maker at a mall in the Changning district of Shanghai on February 25, 2025. (AFP)
Tesla cars are seen at a showroom for the US electric vehicle maker at a mall in the Changning district of Shanghai on February 25, 2025. (AFP)
TT

Tesla Signs Deal for First India Showroom to Sell Imported EVs

Tesla cars are seen at a showroom for the US electric vehicle maker at a mall in the Changning district of Shanghai on February 25, 2025. (AFP)
Tesla cars are seen at a showroom for the US electric vehicle maker at a mall in the Changning district of Shanghai on February 25, 2025. (AFP)

US electric carmaker Tesla has signed a lease deal to open its first showroom in Mumbai, as it moves towards a goal to sell imported cars in India, registration papers show, after it dropped similar plans last year.

The papers show the company has signed a five-year lease from February 16, 2025 and will pay rent of about $446,000 for the first year for a 4,003 square feet (372 square meter) space, almost the size of a basketball court.

The rent will increase by 5% every year reaching about $542,000 for the fifth year, according to the registered lease document provided to Reuters by analytics firm CRE Matrix.

The showroom will be situated in the Maker Maxity building in the business and retail hub of Bandra Kurla Complex near the city's airport, according to the papers.

Reuters reported last month that Tesla has selected locations for two showrooms in the Indian cities of New Delhi and Mumbai, days after the carmaker's chief Elon Musk met India's Prime Minister Narendra Modi in the US.