Chinese Company HONOR to Invest $100 Million in Saudi Arabia, Announces CST

The Communications, Space, and Technology Commission (CST) has announced that the Chinese company HONOR will invest $100 million in Saudi Arabia's markets.
This investment is due to the CST's efforts to regulate and enable the market, attract investments to Saudi Arabia, and revitalize the communications market by diversifying modern technologies enhanced by artificial intelligence.
The announcement was made during the international technical conference Leap24.
The Chinese company’s investment in Saudi Arabia could be attributed to efforts by CST to motivate major companies to come to the Kingdom, which will thus become a center for technology in the region.
HONOR is an innovative company in the field of smart devices dedicated to developing technologies that empower people worldwide through research, development of capabilities, and pioneering future technologies.