AI-powered robotics company Dexory and Jeddah-based Al Masarat Holdings have signed a Memorandum of Understanding (MoU) to explore the implementation of advanced robotic solutions in logistics and manufacturing within Masarat Mobility Park in Riyadh, Saudi Arabia.
Signed during the Private Sector Forum, organised by Saudi Arabia’s Public Investment Fund (PIF), the MoU, Dexory says, highlights the ‘commitment of both organisations to drive technological advancements in Saudi Arabia’s logistics and manufacturing sectors’ and ‘aligns with PIF’s broader vision of fostering innovation and digital transformation across key industries’.
One of the aims of the collaboration is to ‘integrate AI-driven automation and digital twin technology into supply chain operations’, in the hopes of optimising efficiency and advancing Saudi Arabia’s logistics infrastructure.
In addition to the deployment of technology at the site, the MoU outlines other key initiatives including fostering skill development in AI and robotics, offering advanced automation solutions to tenants and customers within Masarat Mobility Park, and establishing Dexory’s production, research and testing facility within the park.
The agreement is effective until 12 February 2028.
According to data from Grand View Research, the logistics market in Saudi Arabia generated US$136.3 billion in 2024, and is expected to reach $198.9bn by 2030, growing at compound annual growth rate (CAGR) of 6.5% from 2025 to 2030.
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