The Communications, Space and Technology Commission (CST) announced the completion of participation by 15 high-quality technology products from local and global companies in the second cohort of the Regulatory Sandbox for Emerging Technologies.
On the sidelines of the international technology conference LEAP25, CST announced the completion of participation by 15 high-quality technology products from international and local companies in the second cohort of the Regulatory Sandbox for Emerging Technologies—an increase of 110% compared to the previous cohort.
Certificates of completion for participation in the Regulatory Sandbox for Emerging Technologies were presented to the companies by His Excellency the Governor of the Commission, Dr. Mohammed bin Saud Al-Tamimi. The sandbox aims to create a flexible environment that enables the launch of innovative business models or solutions, supports entrepreneurs and innovators in the field, and contributes to developing the emerging technologies industry while enhancing the inclusiveness of products available in the market.
Dr. Abdulaziz Al-Batli, Director General of Technology Enablement at the Commission, delivered a presentation highlighting key figures reflecting the success of the second cohort. These included an 88% increase in the proportion of companies that completed their participation, a 25% rise in international participants, and an 83% increase in the number of technologies utilized.
Al-Batli noted that the results of the first cohort were exceptional, with participants achieving an average 40% increase in revenues, and some recording growth of up to 66%. The customer base expanded by 250%, demonstrating the scalability of their solutions, while employment rates increased by 30%—underscoring the role of the regulatory sandbox in driving economic growth, creating jobs, and contributing to GDP growth.
Companies participating in the second cohort successfully delivered innovative products leveraging a range of emerging technologies, including the Internet of Things (IoT), Artificial Intelligence (AI), Digital Twins, Space Technologies, Augmented/Virtual/Extended Reality (AR/VR/XR), and 3D Printing. They were provided with a safe environment to mature innovations based on emerging and space technologies and to maximize their benefits across various sectors.
