The Saudi Communications and Information Technology Commission (CITC) has revealed its plan to launch the Emerging Technologies Sandbox.
The Sandbox targets the creation of a flexible and stimulating environment for emerging technology service providers by clarifying and improving the regulations and enablers, that are important to developing the emerging technology market.
According to CITC, such an environment will enable emerging technology service providers to offer innovative work models, solutions and services that contribute to accelerating the digital transformation of all sectors, in addition to attracting local and international investments and maximizing the benefit of emerging technologies.
The announcement comes as a result of the regulatory authority’s efforts to develop the communications and information technology sector, to be in line with the rapid changes and with the objectives of the kingdom’s vision 2030, providing an attractive and stimulating environment for development and innovation, boost transparency and competition, and provide easy and safe access to services for all beneficiaries.
The CITC invites all emerging technology service providers to register on the commission’s website to register their business models, solutions, or services in the Emerging Technologies Sandbox. Applications for participation will be received until May 10, 2022.
In 2020, CITC launched a Regulatory Sandbox for delivery applications. The initiative comes as part of the authority’s mandate to regulate and supervise the postal sector, including the licensing and regulation of delivery apps operating in Saudi Arabia.
Saudi Central Bank (SAMA) and the Digital Government Authority (DGA) have also incorporated Regulatory Sandbox into their services.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
