Riyadh: The Small and Medium Enterprises General Authority (Monsha’at) signed a memorandum of understanding (MoU) with Groq, a company specializing in artificial intelligence (AI), during the Biban Forum 2025. The MoU was signed on behalf of Monsha’at by Vice Governor of Planning and Development Suliman Alturaif and on behalf of Groq by Vice President and MENA Managing Director Fahad AlTurief.

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