PartnershipAug 12, 2026, 09:31 AM
Ruanyun Edai Tech Partners Intersect Holding for Saudi-China AI Collaboration
AI Summary
Ruanyun Edai Technology Inc. announced a strategic collaboration with Intersect Holding to advance AI education, technology localization, and venture development in Saudi Arabia. The memorandum of agreement, signed at LEAP East 2026, combines RYET's AI education products and China market capabilities with Intersect's Saudi market expertise and venture-building platform. This partnership aims to leverage significant market opportunities in Saudi Arabia's digital economy, education, and AI sectors, building on RYET's existing regional presence.
Key Highlights
- Ruanyun Edai Technology Inc. announced a strategic collaboration with Intersect Holding.
- The partnership aims to accelerate AI education, technology localization, and venture development in Saudi Arabia.
- The collaboration was formalized with a memorandum of agreement signed at LEAP East 2026 in Hong Kong.
- RYET contributes AI education products, China market access, and academic relationships.
- Intersect Holding provides Saudi market intelligence, institutional connectivity, and commercialization expertise.
- RYET already has a Saudi regional headquarters through Soft Cloud Smart Technology Company.
- Saudi digital economy was 16.0% of GDP in 2024, with ICT sector revenue of SAR 249.8 billion.
- Saudi FY2026 budget allocates SAR 202 billion to the education sector.
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