The Saudi Arabian, Communications, Space, and Technology Commission  has extended the registration period for the Emerging Technologies Regulatory Sandbox to March 31, 2024. The Emerging Technologies regulatory sandbox is open for technologies such as Blockchain, IoT, and cloud computing, space technology, AR/VR/XR and 3D printing.

This decision supports the nation’s commitment to innovation and technological advancements, offering entrepreneurs and innovators the opportunity to experiment with cutting-edge products, solutions, and business models within a flexible regulatory framework.

By allowing additional time for registrations, the CST is inviting a broader spectrum of innovators to leverage this platform, thereby enhancing inclusivity and diversity in the market. This initiative is part of a broader effort to foster a conducive environment for launching innovative business models, solutions, or services, with the ultimate aim of supporting entrepreneurs and innovators in bringing their visions to life.

The commission’s recent collaboration with the Ministry of Education and the announcement of the winners of the Internet of Things Challenge 2023 are prime examples of its active involvement in nurturing talent and encouraging technological innovation.

This comes at the heel of the signing of the Deep tech Venture Studio between The Hashgraph Association and Saudi Arabia’s Ministry of Investment.

All this is a reflection of the Kingdom’s aim to attract more emerging tech startups and companies to the country.