CST Announces the Participation of 21 Local and International Companies in the Emerging Technologies Regulatory Sandbox’s Second Cohort

Riyadh, August 04, 2024, SPA -- The Communications, Space, and Technology Commission (CST) announces the participation of 21 local and international companies in the Emerging Technologies Regulatory Sandbox’s (ETS) second cohort. The sandbox aims to create a flexible environment for launching innovative business models or solutions, supporting entrepreneurs and innovators, developing the emerging technologies industry, and promoting the comprehensiveness of market products while addressing regulatory challenges faced by service providers and facilitating their access to the local market.
The second cohort participants are utilizing a variety of emerging technologies in their products, including the Internet of Things (IoT), Artificial Intelligence (AI), Digital Twin, Space Technologies, augmented reality/virtual reality/extended reality (AR/VR/XR), and 3D/4D printing. Their innovative solutions target sectors such as telecommunications, industrial, health, and energy. CST’s ETS initiative provides a safe and flexible space for developing innovations based on emerging and space technologies while promoting their adoption across other sectors.
At the end of 2023, CST announced the successful completion of the first cohort, which featured eight products aimed at investors and companies. This achievement aligns with CST's efforts to enable new services, develop the digital economy, achieve regulatory flexibility and maturity, promote collaboration among government entities, and protect users within a framework that drives economic growth and attracts investments.
For more information on the Emerging Technologies Regulatory Sandbox, visit: https://www.cst.gov.sa/en/services/Pages/Emerging_Technologies_sandbox.aspx
--SPA