Riyadh, September 14, 2022, SPA -- iot squared, owned by the Public Investment Fund and stc Group, signed a memorandum of understanding (MoU) with Matarat Holding Company which aims to enhance joint cooperation in the field of enriching the technical structure and platforms, as well as the applications of the internet of things, AI, and drone technologies. The MoU was signed by CEO of iotsquared Othman Aldahash and Matarat VP of Digital and Technology Yaagoup AlNujaidi. Through this memorandum of understanding, "iotsquared" in cooperation with "Matarat" seek to enhance the digital infrastructure of airports by supporting internet of things and AI applications that enhance the operational efficiency of airports in addition to contributing to raising the level of safety for travelers and enriching their experience. --SPA 21:30 LOCAL TIME 18:30 GMT 0062 www.spa.gov.sa/w1784934