In a historic move towards digital innovation, WhiteBIT, the largest European cryptocurrency exchange by traffic, has teamed up with Durrah AlFodah Holding, represented by His Royal Highness Prince Naif Bin Abdullah Bin Saud Bin Abdulaziz Al Saud, to accelerate the Kingdom of Saudi Arabia’s progress in blockchain technology, digital finance, and data infrastructure.
Strategic Partnership Aligned with Saudi Vision 2030
The collaboration, facilitated by Seaside Arabia as the strategic consultant, is a significant step in realizing the objectives of Saudi Arabia’s Vision 2030. This overarching framework aims to foster economic diversification, technological innovation, and digital transformation across various sectors in the Kingdom.
Key Initiatives of the Cooperation
Under this agreement, WhiteBIT will leverage its technological expertise and infrastructure capabilities, while Durrah AlFodah Holding will provide its extensive local market insights, enabling timely regulatory engagement and fostering essential partnerships. A notable aspect of this partnership is the plan to establish a joint venture company aimed at managing and scaling digital initiatives within the Kingdom.
Building a Digital Future Together
Volodymyr Nosov, Founder and President of W Group (WhiteBIT’s parent company), emphasized the significance of the partnership, stating:
“It is an honor to work alongside the Holding of His Royal Highness Prince Naif Bin Abdullah Bin Saud to build the foundations of Saudi Arabia’s digital transformation. Together, we aim to establish secure and sovereign blockchain systems that will shape the Kingdom’s technological future.”
This collaboration aims to position Saudi Arabia as a regional hub for blockchain innovation, digital finance, and data sovereignty, reinforcing the Kingdom’s role as a leader in the global digital economy.
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Stay tuned for further updates on how this strategic partnership will revolutionize the technological landscape and digital economy of Saudi Arabia.
