May 15, 2023
Saudi Arabia to benefit from new satellite IoT services developed by iot squared and OQ Technology
New partnership aims to improve traffic, energy, safety and quality of life
Riyadh, Saudi Arabia, 15 May 2023 – 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 world's first global satellite telecom operator for IoT connectivity using 5G protocol. The MoU was signed by Shabbab Al Ghamdi -Public IoT Solutions VP, and Omar Qaise, Founder and CEO of OQ Technology.