RedCloud Launches $30M Joint Venture with Kayanat in Saudi Arabia
RedCloud Holdings announced the operational launch of the previously announced $30M Saudi Arabia joint venture with Kayanat, who is authorized to operate the RedAI infrastructure within the Kingdom, pending incorporation of the formal JV entity, RedCloud Arabia. This anchors the company's operational footprint in the Kingdom of Saudi Arabia through the deployment of RedAI infrastructure and associated products, with growing customer pipeline across the Kingdom's $68B FMCG market, RedCloud said in a statement.