The Communications, Space, and Technology Commission (CST), extended the registration period for the second batch of the Emerging Technologies Regulatory Sandbox until March 31, 2024. Notably, this extension is based on the interests of those participating.
The regulatory sandbox allows emerging technologies to experiment with innovative products, solutions, and business models using seven diverse technologies.
These technologies include blockchain, the Internet of Things, and cloud computing. Notably, these technologies aim to explore related organizations and the challenges associated with them.
CST’s Announcements about Emerging Technologies Regulatory Sandbox
CST indicated that the Emerging Technologies Regulatory Sandbox aims to create a flexible environment. It believes that it enables the launch of innovative business models, solutions, or services.
Moreover, it supports entrepreneurs and innovators in the field, contributes to the development of the industry, and enhances the inclusivity of products available in the market.
Remarkably, CST invited all investors and companies operating in the field to register for the second batch of the Emerging Technologies Regulatory Sandbox.
Applications for joining are accepted until March 31, 2024 AD, through the following link:
https://www.cst.gov.sa/ar/services/Pages/Emerging_Technologies_sandbox.aspx
Why Did CST Launch Emerging Technologies Regulatory Sandbox?
The launch of the second batch of the Emerging Technologies Regulatory Sandbox is an extension of the Commission’s efforts to enable new services and develop the digital economy. Moreover, it helps to achieve flexibility and increase organizational maturity.
Additionally, it seeks to promote cooperation between government entities while protecting users and support innovative solutions in collaboration with global and national entities.
Furthermore, these efforts lead to economic growth. Moreover, it works on attracting investments which leads to raising the local income.
Also, CST enabled companies participating in the first batch to introduce innovative products in various sectors.
What Is Communications, Information Technology Commission?
The CST is a commission that was set up to oversee, control, and strengthen the IT and communications industries.
It is among the most well-known sectors that contribute to the growth and wealth of the Saudi Arabian Kingdom.
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